MADDOG'S LAIR
  • Blog
  • About
  • Contact

Incompetence thy names is Hillary . . . 

3/23/2016

Comments

 
Hillary Clinton: ‘No Evidence’ to Suggest Raising the Minimum Wage Kills Jobs
. . . "no evidence," if one means "massive evidence" establishing that raising the minimum wage kills jobs.
To scratch the surface, I present:
Simply and briefly, the case against minimum wage hikes

New(est) evidence on the minimum wage
The anti-job impact of minimum wage hikes

So, the problem is hiking the minimum wage does not target the correct people, and the benefit will be substantially obtained by people who do not need the benefit, children of middle/upper middle class parents. What we want is to help the actually needy achieve a livable wage, not subsidize the children of the wealthy. So, what do we do?
The 'Fight for 15' isn't the risk free way to help boost worker wages - AEI

Use the EITC, and raise their wage through the rebatable tax credit. This is just a stop gap in my mind, and a reasonable one since it already exists. But what we really need is for the working poor to receive a wage boost through a new savings vehicle like a tax free savings account (TFSA). If the individual meets specific criteria, work, a below livability wage, married, or married with family, then the individual should receive a wage supplement payment each month directly into the TFSA, which would bring the wage to the local livability requirement. This way we could keep the minimum wage low, say 0 if we are rational, and $4 if we are a bit less rational, and then allow this wage subsidy to norm the wage. 

This would allow people with few or no skills to enter the job market at "try out" wages, and once they begin to perform, employers would begin to pay them according to the value they add to the business. The low wage allows the employer to try a broad range of employees, provide training, and help them orient to the job market. 
Many first time employees will be more likely worth $5 per hour, and not $15. This will allow them to compete for jobs, and obtain work related skills. And if they qualify for wage supplementation, they will receive it as cash into a TFSA. 
This avoids the market distortions that the minimum wage creates, and the fact that the minimum wage frequently blocks out the very workers it is supposed to help, while helping the workers we are not concerned with helping. 

Expect this to make no headway, while the minimum wage will continue to make inroads. Foolishness has no bounds.
Comments
comments powered by Disqus

    Author

    Maddog

      Blog Subscription

    Subscribe to Blog

    Categories

    All
    1000-ways-to-die
    Abortion
    Amazon
    America
    Antisemitism
    Anti-semitism
    Bible
    Blogging
    Blue-model
    Book-links
    Booze
    Bus
    Cancer
    Children
    China
    China-ccp
    China-gdp
    China-ghost-cities
    China-ponzi
    Climate-change
    Coast-guardrescue-swimmer
    Cold-war
    Concealed-carry
    Constitution
    Cool-stuff
    Corruption
    Creative-destruction
    Crime
    Crisis-change
    Dead-guy-vote
    Dead-pool
    Death-of-the-pc
    Declaration-of-independence
    Deflation
    Democrat
    Demographic-decline
    Diet
    Earth-hour
    Ecommerce
    E-commerce
    Economic-change
    Economy
    Education
    End-of-history
    Energy
    Environmentalism
    Epa
    Eric-barker
    Europe
    Executive-outcomes
    F35
    Faith
    Family
    Fascists
    Financial-irresponsibility
    Financial-times
    Firearms
    First-world-problems
    Fitness
    Flight-to-security
    Food
    Fourth-turning
    Free-eye-exam
    French
    Funny
    Gdp
    Gdp-usa-vs-britain
    Gdp-usa-vs-germany
    Gdp-usa-vs-sweden
    Generational-theft
    Global-warming
    Government-incompetence
    Government-we-deserve
    Happiness
    Health
    Helicopter-parent
    Hell
    Holocene
    Honor
    Housing-affordability
    I-love-beaver
    Imf
    Immigration
    Independence-day
    Inefficiency
    Inflation
    Innovation
    Intelligence
    Intergenerational-conflict
    International-relations
    Investing
    Iran
    Iraq-war
    Islamic-reformation
    Italian-travel
    Japan
    Jodie-foster-effect
    Kayaking
    Keynesian-economist
    Kurdistan
    Law
    Leave-nato
    Leave-the-un
    Light-rail
    Maddog-story
    Marine
    Marriage
    Media
    Medical-insurance
    Medicine
    Middle-east
    Military
    Military-waste
    Money
    Monopoly
    Nanny-college
    News
    New-seasons
    Nirvana-is-another-name-for-hell
    North-korea
    Nukes
    Obama-doctrine
    Oil
    Oregon
    Organic
    Parenting
    Partition
    Pearl
    Pensions
    Peter-principle
    Police
    Politicians
    Portland
    Portlandia
    Portland-transit
    Predictions
    President-bush
    President-feckless-odither
    President-obama
    Psychology
    Race-huckster
    Rape
    Recession
    Recipe
    Replace-the-un
    Republican
    Research-studies-are-always-wrong
    Reviews
    Russia
    Salafism
    Sanctions
    Science
    Science-versus-faith
    Self-defense
    Self-drive-vehicle
    Sex
    Shale-oil
    Shia
    Sjw
    Sleeper
    Smart-growth
    Socialism
    Sovereignty
    Sport
    Sunni
    Supreme-court
    Syria
    Tax
    Technology
    Terrorism
    The-fed
    The-house-of-saud
    The-last-economic-superpower
    Therapy
    Trade
    Transit
    True-believer
    Tvfilm-review
    Un
    Union
    Urban-planning
    Urinals-of-note
    Venezuela
    Voter-fraud
    Wages
    Wahhabism
    War
    War-crimes
    Weird
    Weird-science
    Welfare
    Whole-foods
    Work



    RSS Feed

​Maddog's Lair is copyright 2016-2018 by Mark Sherman. Please feel free to quote from this site provided you link back to the original article.
Proudly powered by Weebly
  • Blog
  • About
  • Contact