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Old 06-27-2013, 10:17 AM  
gblowfish gblowfish is offline
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Uncle Lamar Wants to Abolish the Minimum Wage

Because those Wal Mart workers are overpaid, damn it! This guy is the ranking GOP member of the Senate Labor Committee. Wow....

http://tinyurl.com/omaxldm

WASHINGTON -- Sen. Lamar Alexander (R-Tenn.), the ranking Republican on the Senate's labor committee, said in a hearing Tuesday that he would prefer to see the minimum wage abolished.

Alexander's declaration came amid a back-and-forth between a witness from the conservative Heritage Foundation and Sens. Tom Harkin (D-Iowa) and Bernie Sanders (I-Vt.). The trio had been debating what kind of impact a higher minimum wage would have on a theoretical worker, and it seemed Sanders wanted to know whether the witness opposed raising the minimum wage or having a minimum wage at all.

"There are some conservatives who do not believe in the concept of the minimum wage," Sanders said to the witness, James Sherk, a labor policy analyst at the think tank.

"Let me jump in," Alexander then said. "I do not believe in it."

The policy debate had been lively, with interruptions all around, and Sanders grew excited at Alexander's interjection.

"So we have a ranking member," Sanders responded. "Alright! There we go!"
Sanders turned to Alexander.

"So you do not believe in the concept of the minimum wage?"

"That's correct," Alexander responded.

"You would abolish the minimum wage?"

"Correct."

"And if someone had to work for two bucks an hour," Sanders continued, "they would work for two bucks an hour?"

Alexander went on to compare a higher minimum wage to a form of welfare. Instead of boosting it, as Congress is now considering, he suggested a common conservative alternative to a federal wage floor -- a higher earned-income tax credit.

"No, I would go for a much more targeted approach," Alexander said. "The question I want to ask, if we are interested in social justice, and we want to honor work instead of getting a welfare check, then wouldn't a more efficient way to help people in poverty be to increase the earned-income tax credit rather than do what we always do here, which is come up with a big idea and send the bill to somebody else? What we're doing is coming up with the big idea and sending the bill to the employer.

"Why don't we just pay for the big ideas we come up with," he continued. "And if we want to create a standard of living for people that's much higher than what they have today, then let's attach the dollars to the job and everybody pay for it. I don't want to do that. But if we were going to do it, then I think that's the way we should do it."

"That's a very interesting discussion for another time," Sanders said with a slight laugh.

Sanders then turned back to Sherk and asked him if he'd support a bill sponsored by Alexander abolishing the minimum wage.

"I believe the minimum wage hurts its intended beneficiaries," Sherk responded. "I do not support the concept of the minimum wage."

"I appreciate your honesty," Sanders replied.
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Old 06-27-2013, 11:19 AM   #16
Garcia Bronco Garcia Bronco is offline
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But, but....what about the children?
Children don't work without a permit and if they want to
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Old 06-27-2013, 11:21 AM   #17
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Originally Posted by Cave Johnson View Post
Probably? They'd absolutely drop, as would government revenue. I'd say I'm surprised at this kind of economic fantasyland, but it is coming from the party of supply side economics.
Yes, because as we all know: when the cost to produce something goes down, the price of the item never ever drops. I mean, I don't know about you but I can't afford to drop $3500 for a 20" HD TV and $500 for a DVD player.
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Old 06-27-2013, 11:22 AM   #18
BucEyedPea BucEyedPea is offline
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Originally Posted by gblowfish View Post
Because those Wal Mart workers are overpaid, damn it! This guy is the ranking GOP member of the Senate Labor Committee. Wow....
Well, let's face it, the minimum wage is so low, hardly anyone pays it...including WalMart. Link <--previous links posted.

Furthermore, such wage controls are pushed by BIG BUSINESS to hurt their competition. Did you know that H.Lee Scott, Jr, the CEO of WalMart, called for an increase in minimum wage? (2005) Now why would those exploiters do that?

I thought the left was all for not helping Walmart but keeping the mom n' pop stores in business. This is utterly illogical by the progressive left.

Minimum wage mainly affects teenagers in part-time jobs. Despite that, my kid had 8 job offers—all above minimum wage back in 2009 for $10-11 per hour. Babysitters had been $8-10.

If illegal aliens want to work here, they can take these jobs, if it's so true they will do jobs Americans don't want to to.
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Old 06-27-2013, 11:22 AM   #19
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One thing all sides should agree on...DO NOT RE-ELECT ANY OF THESE MORONS!
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Old 06-27-2013, 11:23 AM   #20
Chocolate Hog Chocolate Hog is offline
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Republicans will go after shit like this but won't even touch the real absurd things like defense spending and spying on its citizens.
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Old 06-27-2013, 11:25 AM   #21
BucEyedPea BucEyedPea is offline
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Quote:
Originally Posted by Cave Johnson View Post
Probably? They'd absolutely drop, as would government revenue.
A GOOD thing. Time to make cuts.

Quote:
I'd say I'm surprised at this kind of economic fantasyland, but it is coming from the party of supply side economics.
This fantasyland claim is coming from the party of fantasyland economics such as Krugman. This isn't even supply side either.
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Old 06-27-2013, 11:25 AM   #22
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I concur with BEP for once. There is some pretty compelling statisticsl evidence that the minimum wage has little positive impact.
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Old 06-27-2013, 11:26 AM   #23
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You definitely need some kind of minimum wage to prevent corporate abuse. But it should be low. Minimum wage is a job killer and frankly, I'd much rather a company invest those dollars into training and developing minimum wage workers to get out of that job than enable someone to get raises based on government mandate.
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Old 06-27-2013, 11:26 AM   #24
BucEyedPea BucEyedPea is offline
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Originally Posted by 'Hamas' Jenkins View Post
Not a big student of the Gilded Age, are we?
I am. It was an age of economic prosperity and rising standards of living for all with the least amount of govt. ( which still had more govt than free-market would warrant)
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Old 06-27-2013, 11:28 AM   #25
cosmo20002 cosmo20002 is offline
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Originally Posted by gblowfish View Post
WASHINGTON -- Sen. Lamar Alexander (R-Tenn.), the ranking Republican on the Senate's labor committee, said in a hearing Tuesday that he would prefer to see the minimum wage abolished.
Apparent R strategy:

Pursue an issue that will turn off many voters
Make sure it will attract very few, if any, new voters
Make sure you have no actual chance of prevailing on the issue
Let other side profit
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Old 06-27-2013, 11:34 AM   #26
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It's rather insulting watching Liberals whine about the minimum wage, but then turn around and demand 12 million illegal aliens (aka "Wage depressors") be legalized. Truly amazing level of hubris.
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Old 06-27-2013, 11:36 AM   #27
BucEyedPea BucEyedPea is offline
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Gilded Age Facts to deal with Progressive lies about being dominated by Robber Barons etc.
During the Gilded Age, as Milton Friedman famously said, there was “no FCC, no SEC, and you pick out any other three letters of the alphabet and it wasn’t there either.” Annual spending by the federal government was only about 3% of GDP, and Americans used their freedom to invent many products like barbed wire and to discover 300 products to be made from the lowly peanut. We had medical breakthroughs with the germ theory of disease, and entrepreneurs funded the science that led to cures for hookworm. Entrepreneurs also started libraries all over the nation and funded missionaries to preach Christianity in China, Africa, and other places around the world. The U.S. became a great industrial power during the Gilded Age; millions of immigrants flocked to New York City. American oil and steel dominated the world. A free people showed the world how freedom could improve lives across the globe.

Already knew the above but just found this to paste for a good summary which saves me time.
http://www.burtfolsom.com/?p=1748
The progressive left is dominated by envy, jealousy, covetousness and hatred of success. Yes, even honest success. Really, they have their own kind of greed, which eats out the productive sector.
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Old 06-27-2013, 11:38 AM   #28
BucEyedPea BucEyedPea is offline
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It's rather insulting watching Liberals whine about the minimum wage, but then turn around and demand 12 million illegal aliens (aka "Wage depressors") be legalized. Truly amazing level of hubris.
They are profoundly illogical on economics. It's really a bad case of cognitive dissonance.
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Old 06-27-2013, 11:40 AM   #29
BucEyedPea BucEyedPea is offline
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This is a situation where theory is trumped by practice. In theory, there should be no such thing as minimum wage. In practice, that would be a mess.
If that's true, then the theory would be false. It's not.
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Old 06-27-2013, 11:43 AM   #30
BucEyedPea BucEyedPea is offline
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Because those Wal Mart workers are overpaid, damn it! This guy is the ranking GOP member of the Senate Labor Committee. Wow....
Another thread by our tightfisted bleeding heart wanting to use other people's money, except his own. Start a business and hire those you feel sorry for you cheap-ass.
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