Straight Up with Sherri

Monday, February 21, 2005

Minimum Wage, Illegal Aliens, and CEOs

I just LOVED this piece by RWNJ! I guess this makes me an EEEVIL CONSERVATIVE, but I will wear this badge PROUDLY!!!!!

ENJOY!!!!!!!!

Minimum Wage, Illegal Aliens, and CEOs

I get really annoyed when I hear the same people complain that we need to increase the minimum wage, who also say there is a shortage of workers willing to do menial jobs, and thus should encourage illegal aliens to invade our Great Nation.

Let’s start with the law of Supply & Demand, or more specifically labor demand. As far as there being a shortage of workers willing to do any job, I say “You are crazy if you believe that!”
Pick a job, any job! Let’s say “lettuce picker”, Okay? Now you postulate that there seem to be too few lettuce pickers available? That’s idiotic. If I am willing to pay $50. per hour (or $100,000 per year) for this job, I will provide you with a virtually infinite supply of lettuce pickers, won’t I? So you see there is not a shortage, after all, just people who do not understand the economics of labor.

So what happens if we secure the borders, and eliminate a vast supply of cheap slave labor? Yes, I said “slave”. Think about it. If they make trouble, don’t work hard enough, do anything to piss off “the Master”, he just calls up Immigration and has the riffraff forcefully evicted from the country, often losing anything they had managed to acquire. Pretty sweet deal, huh? Then he smuggles in some more slaves to replace them. Without these slaves, the farm owners must either automate or pay higher wages to encourage “normal” workers to take the jobs. That’s labor demand. Because of this, the workers at the low end of the economic spectrum see their wages increase, naturally. Sure it costs more to produce lettuce, but that is the law of supply & demand for capital goods. Thus, there is no need for minimum wage increases, because the wages rise without undue and unnatural economic legislation.

But what about those at the top? The exact same rules hold. I get nauseous when I hear the old saw about “If you want that talent, you need to pay the obscene salaries.” Again, that is so stupid! I can cause the same losses in those companies for less than one percent of what they pay these idiots (or crooks, if you prefer). But, if you want that talent, I can get it for FREE. Let’s pretend I am asked to find a new CEO for General Motors. Good grief, there are thousands of multimillionaires in this country who would give your left arm for that job. They have money, they want power and prestige. They would readily be willing to take the job for free, maybe even pay something to have it.

So there you have it. Secure the borders; eliminate a vast segment of poverty. Stop paying CEOs; enhance the value of major corporations (and your 401k). It’s so simple, even I thought of it.






Now THIS is an idea......... Posted by Hello




RWNJ...... Posted by Hello

5 Comments:

  • I honestly bought the sale of goods on illegal aliens helping the US....

    This makes a good case against it. Thanks for writing it RWNJ, and thank you Sherry for sharing it.

    BTW, is that really RWNJ in the pic? No telling with you sometimes Sherry.

    By Anonymous Anonymous, at 4:23 PM  

  • Yes, it is I. The photo is fuzzy - I took it myself. My favorite huntin' hat & shirt. I never seem to shoot anything, but I love wandering around in God's beautiful nature.

    By Blogger Right Wing Nut Job, at 4:43 PM  

  • You've got an interesting site.

    By Blogger Gindy, at 4:57 PM  

  • Read Henry Hazlitt's "Economics in One Lesson," the chapter on minimum wages.

    In all of human history, not a single attempt at price-fixing in any commodity has ever produced the result sought by the government. And that is saying alot.

    By Blogger Tom, at 6:47 PM  

  • Thats the american way..the less you do the more ou make..we have C.E.O.'s only for representation. That is it.....The Executive Board are the ones that makes the decision..and the guy sitting on the Throne of C.E.O. says only what he is told..sort of like the President...Hmmmm..Good thought...N.Mercer

    By Anonymous Anonymous, at 9:09 AM  

Post a Comment

<< Home