TALK & OPINIONS BY SILVIO CANTO JR.

We discuss politics, sports and a few extras!

Archive for June 27th, 2017

Adrian Beltre with a 9th inning HR

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June 27, 2017 at 9:41 pm

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The travel ban, the Russia story now plus the Seattle minimum wage disaster 

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We will look at the Supreme Court and the travel ban…….the minimum wage law that killed jobs in Seattle……..the Russia story goes off in a different path…..the Obama Care & GOP Senate….plus we remember David Clyde in 1973…………

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Source: The travel ban, the Russia story now plus the Seattle minimum wage disaster 06/27 by Silvio Canto Jr | News Podcasts

Written by scantojr

June 27, 2017 at 9:00 pm

Democrats do not have the courage to call for a tax increase to fix Obama Care….

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tax-burden

The Democrats have not proposed a single solution to Obama Care.   They oppose the idea of repeal and would prefer to fix the problems.   Unfortunately, “fixing the problem” means tax increases.     You can’t fix Obama Care without raising taxes and no Democrat has the courage to say it.    

The GOP needs to continue talking and finding the path to a bill that would repeal Obama Care.    I am confident that they will get it done.

Written by scantojr

June 27, 2017 at 2:06 pm

1973: David Clyde made his pitching debut

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June 27, 2017 at 11:30 am

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Happy # 74 Rico Petrocelli

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June 27, 2017 at 11:00 am

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Book review: Gingrich on Trump by Barry Casselman

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Written by scantojr

June 27, 2017 at 10:00 am

A ‘minimum wage’ that kills wages

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economics

Perry Como once recorded a very popular song called “Seattle“. It went like this:  

The bluest skies you’ve ever seen in Seattle
And the hills the greenest green in Seattle
Like a beautiful child growing up free and wild
Full of hopes and full of fears Full of laughter full of tears
Full of dreams to last the years in Seattle In Seattle

Nobody is talking about blue skies or green hills in Seattle these days. Instead, they are getting a very serious lesson in Economics 101, or what happens when you raise wages to pander for votes and end up hurting the people you were trying to help.  

It goes like this:   

As cities across the country pushed their minimum wages to untested heights in recent years, some economists began to ask: How high is too high?

 

Seattle, with its highest-in-the-country minimum wage, may have hit that limit.

In January 2016, Seattle’s minimum wage jumped from $11 an hour to $13 for large employers, the second big increase in less than a year. 

New research released Monday by a team of economists at the University of Washington suggests the wage hike may have come at a significant cost: 

The increase led to steep declines in employment for low-wage workers, and a drop in hours for those who kept their jobs. 

Crucially, the negative impact of lost jobs and hours more than offset the benefits of higher wages — on average, low-wage workers earned $125 per month less because of the higher wage, a small but significant decline.

Why is anybody shocked? This is so obvious that it makes you wonder about the people who keep voting for these charlatans.

In the real world, reality always has the last word. You can not pay someone $13 an hour just because a city council member wants a talking point.   Wages are a by product of economic reality not political pandering. Politicians are no more qualified to tell employers what they must pay than to force them to provide health care they can’t afford.

As my old economics professor used to say: “the employer does not have to pay you what you want to get paid… he writes the check, you know.”

Indeed he does!  In Seattle, many employers have decided that they can’t write those checks anymore. So they have cut back employee hours or simply stopped hiring or closed the business.

Another great day for socialism but terrible for the workers!

P.S. You can listen to my show (Canto Talk), (YouTube) and follow me on Twitter.

 

Read more: http://www.americanthinker.com/blog/2017/06/a_minimum_wage_that_kills_wages.html#ixzz4lCfYqoOv
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Written by scantojr

June 27, 2017 at 7:04 am