The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label minimum wage. Show all posts
Showing posts with label minimum wage. Show all posts

Friday, June 10, 2016

For workers, forced minimum wage hikes equals unemployment

Following a number of U.S. municipalities forcing through legislation to raise the minimum wage either towards or to the goal of $15 per hour, early results from these controversial policies are in.  And as expected by most logical analysts, the artificial push in higher wages is leading to massive layoffs and higher unemployment.
In Washington D.C., where the district supports the seat of American government and where the minimum wage was raised from $8.25 per hour to $11.50, on average half of all D.C. employers have laid off workers since the legislation for higher labor costs was implemented.
owejob
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Sunday, May 15, 2016

Wendy’s becomes next fast food chain to replace workers with kiosks and machines

What is the cost of $15 per hour times zero?  The answer to this is the amount many fast food and minimum wage workers are about to see as businesses transfer human labor costs to electronic kiosks and machines.  And while companies like McDonalds are already well under way in replacing their lower skilled workers with error free digital displays, the next restaurant chain to jump on this futuristic bandwagon is now Wendy’s.

protest

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Monday, April 18, 2016

Price inflation for dining out may make $15 minimum wage laws moot

30 years ago, dining out for the average American family was a once a week experience, with working parents adding to this total with an occasional lunch break at a restaurant.  However, the past three decades have seen this paradigm completely turn around, and in 2015, people spent more money eating out than they did in buying groceries since the convenience of cost was worth the experience.
Yet this trend may have quickly reached a peak here in 2016 as the growing movement of mandatory $15 per hour minimum wage demands being coupled with huge jumps in price inflation have seen the affordability of dining out now much greater than the cost of eating at home.
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Wednesday, April 6, 2016

California and New York ready to join Seattle in destroying jobs with new minimum wage laws

Economics is a social science, and as such it can be greatly affected by the emotional demands of a given people or culture.  And just as the government, Federal Reserve, and Wall Street helped create the political climate of the 2016 election through their full buy-in of crony capitalism, so too are states signing their own economic ‘death warrants’ by giving into the demands of a $15 minimum wage.
Last year, places like Seattle, Washington signed new legislation imposing a $15 minimum wage on businesses and government employees, and the results were as expected by economists who look at the true data rather than those who are bought into the political spin.

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Monday, April 4, 2016

Chicago’s historic gun violence a consequence of economics, not too many guns

It is probably no coincidence that the location which spawned both Barack Obama’s Presidential bid, and his former Chief of Staff Rahm Emmanuel who now serves as its current mayor, is suffering a combination of economic collapse and historic violence among its citizens and government agencies.  And while liberal diatribe attempts to incorrectly call the mass number of homicides occurring within Chicago a symptom of too much gun ownership, the reality is that the rise in violence can be primarily attributed to economics, and the same type of debt bombs stifling growth in places like New Jersey, Baltimore, and Detroit.

jobs

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Friday, September 4, 2015

The economy is so great that the common man can’t afford to live in his own city anymore

As the stock market today continues to show breakdowns all across Wall Street, Main Street has been in a continuous decline since the Credit Crash of 2008.  And although the fake unemployment numbers that are reported by the government are painted to be around 5.3%, the sad reality in this new waiter vs. manufacturing ‘recovery’ is that thanks to inflated prices in the housing and rental markets, the average American can no longer afford to live in even the most inexpensive of cities.
Low-income workers and their families do not earn enough to live in even the least expensive metropolitan American communities, according to a new analysis of families’ living costs published Wednesday.
The analysis, released by the left-leaning Economic Policy Institute, is an annual update of the think tank’s Family Budget Calculator that reflects new 2014 data. The Family Budget Calculator is a formula designed to determine the income “required for families to attain a secure yet modest standard of living” in 618 different communities across the country that the U.S. Census Bureau defines as metropolitan areas. The formula uses data collected by the government and some nonprofit groups to measure costs of housing, food, child care, transportation, health care, “other necessities” like clothing, and taxes for families of 10 different compositions in these specific locales. - Huffington Post



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Tuesday, August 4, 2015

Minimum Wage: In the end, economics always wins out over emotion and stupidity

Now that several states and businesses have ceded to the masses and are beginning to institute large hikes in the minimum wage, the reality of economics and human greed is setting in almost immediately.  For years, Democrats, liberals, and and progressives have sought to raise the minimum wage for the unskilled worker as a means of appeasing their voter base, yet this argument has missed the point entirely since the problem has never been about wages, but about the devaluation of the currency.  And with the success of the activist led minimum wage movement having finally resulted in hikes of as high as $15 per hour, the consequences of not seeing the entire picture is leading many to abandon their newly acquired increases for a whole host of reasons that include: losing welfare benefits, envy by those with more education, skill levels, and achievements, and the newest reason… replacement by machines.



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Tuesday, August 6, 2013

Inflation: Nearly half of Americans make less today than in 1968

If you were to dollar cost average the wages Americans earned from 1968 to the present, adjusting for inflation and the Federal Reserve's devaluation of the dollar in that time, you would find that nearly 40% of all Americans who earn a minimum wage or less in 2013, earn much less than someone who made a minimum wage income 45 years ago.



Back in 1968, the minimum wage in the United States was $1.60 an hour.  That sounds very small, but after you account for inflation a very different picture emerges.  Using the inflation calculator that the Bureau of Labor Statistics provides, $1.60 in 1968 is equivalent to $10.74 today. 

And of course the official government inflation numbers have been heavily manipulated to make inflation look much lower than it actually is, so the number for today should actually be substantially higher than $10.74, but for purposes of this article we will use $10.74.  If you were to work a full-time job at $10.74 an hour for a full year (with two weeks off for vacation), you would make about $21,480 for the year. 

That isn't a lot of money, but according to the Social Security Administration, 40.28% of all workers make less than $20,000 a year in America today. - Economic Collapse Blog

So if you wondered why 4 out of 5 Americans now live in poverty, are jobless, or receive some form of welfare assistance, all you have to do is look at the Federal Reserve and Federal government, and realize that all problems in our economic lives lay at the feet of these two entities.

Tuesday, March 26, 2013

Rick Santelli: It's better to be on disability than to work at minimum wage

On March 26, CNBC reporter Rick Santelli uttered the words that many in the alternative economic media have already known.  Welfare and disability pay more than working an average minimum wage job.

For someone in the mainstream to finally get it, and actually report it, is always a turning point in the propaganda media when they finally have no choice but to report the obvious.

CNBC's Rick Santelli notes, Disability payments (of which there are 14 million people covered in the US - none of which count towards the unemployment rate) pay around $13,000 per year (versus $15,000 for minimum wage work). However, Santelli exclaims, the people on disability get healthcare; and this program costs the US $300 billion per year. Is it any wonder that only 1% of those who were on disability in Q1 2011 have left? Santelli comments, "I'm not saying there aren't people that are on disability that shouldn't be, but much of it is illnesses like back pain... it's a judgment call," adding that, "without incentives, large issues go ...totally unfixed." - CNBC via Zerohedge


So we will go back to last November when a chart created by the Secretary of Public Welfare, showed that someone making $29000 will receive more in take home government benefits than another worker making $69000 after taxes (which go to the person making only $29000).