Results 1 to 7 of 7
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
-
08-30-2013, 03:44 PM #1
Fast Food 'Strikes' Show Economic Folly of Amnesty
by Mike Flynn 30 Aug 2013, 5:45 AM PDT
breitbart.com
On Thursday, thousands of fast food employees and allied union members walked off the job and protested in cities across the country. They were agitating for a hike in the minimum wage, from the current $7.25 an hour to $15 an hour. That isn't going to happen. Congress, however, is considering legislation that would flood the labor market with low-skilled workers. The low wages paid by fast food employers could be depressed even further.
Labor is a market, subject to the same laws of supply and demand that guide the rest of the economy. Employers will pay no more than the amount necessary to attract enough workers to do the job they require. This is the same phenomenon that pushes a consumer to shop around to pay the least amount for a product or service they desire. It is a law of economics, but it might as well be a law of physics.
A McDonalds in North Dakota, which is in the grips of an oil boom, for example, starts workers at $15 an hour and gives them a $300 signing bonus. The abundance of jobs in the area has forced the employer to pay more to attract the necessary workers. Employers rarely pay the statutory minimum wage of $7.25. The average hourly wage at McDonalds nation-wide, for example, ranges from $7.69 to $10.89. Employers pay what they need to attract and retain labor.
Congress is currently considering a version of immigration reform that would grant immediate legalization to 11 million illegal immigrants while also opening new avenues for low-skilled workers to come to the US. By dramatically increasing the supply of legal, low-skilled workers, Congress would supply employers with an important tool to keep wages down.
The Congressional Budget Office analyzed the Senate Amnesty bill and found that, in the first decade, the legislation would depress wages and increase unemployment. The result is intuitive. There are already tens of millions of Americans looking for work. Adding tens of millions more people to the labor pool makes the competitive for the available jobs even more fierce. How many people would accept one penny an hour less than someone else to secure a job?
This goes a long way to understanding why business groups are so aggressively pushing for "immigration reform." In recent years, corporate profits have come largely from trimming costs and becoming more efficient, rather than increasing sales. A dramatic expansion in the labor pool makes it easier to keep costs down. This isn't cynical, its reality.
http://www.breitbart.com/Big-Governm...lly-of-AmnestySupport our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn
-
08-30-2013, 03:46 PM #2
Added to Homepage:
http://www.alipac.us/content.php?r=2...lly-of-AmnestySupport our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn
-
08-30-2013, 04:13 PM #3
D.C. is trying to force Wal-Mart, and a couple of other big companies, to pay a higher minimum wage than everyone else.
"the legislation would force retailers occupying in excess of 75,000 square feet or parent companies that gross $1 billion or more to pay their employees a minimum of $12.50 an hour in wages and benefits. The current rate is $8.25."
http://www.washingtontimes.com/news/...#ixzz2dTnzfxt3NO AMNESTY
Don't reward the criminal actions of millions of illegal aliens by giving them citizenship.
Sign in and post comments here.
Please support our fight against illegal immigration by joining ALIPAC's email alerts here https://eepurl.com/cktGTn
-
08-30-2013, 04:22 PM #4Join our FIGHT AGAINST illegal immigration & to secure US borders by joining our E-mail Alerts at http://eepurl.com/cktGTn
-
08-31-2013, 12:03 AM #5Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn
-
08-31-2013, 12:38 AM #6
Workers who want more money should go work at a bank.
U.S. bank industry profits hit record $42.2 BILLION in second quarter
NO AMNESTY
Don't reward the criminal actions of millions of illegal aliens by giving them citizenship.
Sign in and post comments here.
Please support our fight against illegal immigration by joining ALIPAC's email alerts here https://eepurl.com/cktGTn
-
09-01-2013, 10:07 PM #7
Meanwhile in Mexico
Mexican call centers provide jobs, network for deported teens
"They pay lower Mexican wages, as little as $4 an hour,"
http://www.alipac.us/f12/mexican-call-centers-provide-jobs-network-deported-teens-286721/
NO AMNESTY
Don't reward the criminal actions of millions of illegal aliens by giving them citizenship.
Sign in and post comments here.
Please support our fight against illegal immigration by joining ALIPAC's email alerts here https://eepurl.com/cktGTn
Ukraine-Israel Bill Secretly Funds Biden's invasion!
04-24-2024, 12:01 PM in illegal immigration Announcements