The Briefing Room

General Category => Editorial/Opinion/Blogs => Topic started by: rangerrebew on January 21, 2019, 01:44:36 pm

Title: Advocates of Minimum Wages Treat Reality as If It Is Optional
Post by: rangerrebew on January 21, 2019, 01:44:36 pm

Advocates of Minimum Wages Treat Reality as If It Is Optional

by Don Boudreaux on January 21, 2019


Here’s a letter to the New York Times:

    Dear Editor:

    Making the case for a minimum wage of $33 per hour in New York City, Ginia Bellafante thinks it sufficient to calculate the minimum pay required for a single parent with two school-age children to sustain a certain lifestyle in NYC (“The $15 Minimum Wage Is Here. Why We Need $33 an Hour.” Jan. 4).

    Wages, however, are not determined by how much pay workers ‘need’; wages are determined by how much value workers produce. Government requirements that workers be paid an amount greater than the value of what they produce throw workers who cannot produce that amount of value out of work. Astonishingly, Ms. Bellafante barely acknowledges this objection to minimum wages.

https://cafehayek.com/2019/01/advocates-minimum-wages-treat-reality-optional.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CafeHayek+%28Cafe+Hayek%29

Title: Re: Advocates of Minimum Wages Treat Reality as If It Is Optional
Post by: Fishrrman on January 22, 2019, 01:54:14 am

Don Boudreaux:
"Advocates of Minimum Wages Treat Reality as If It Is Optional"

Don, you dummy, don' you unnerstand....?
Leftists/democrat-communists believe that "reality" IS "optional" -- to be twisted into any shape they need to fit their ideology.

Title: Re: Advocates of Minimum Wages Treat Reality as If It Is Optional
Post by: LMAO on January 22, 2019, 01:54:39 pm

Conservatives believe that you have to adapt to the reality. Progressives believe that reality should adapt to their beliefs

Title: Re: Advocates of Minimum Wages Treat Reality as If It Is Optional
Post by: Hoodat on January 22, 2019, 02:03:20 pm

Any time I hear some liberal urging that the minimum wage be increased to $15/hr, I respond with, "Don't stop there.  Why not raise it to $100/hr?  Wouldn't that be even better?"  They always go silent with this puzzled look on their faces wanting it to be true. Yet thinking that there has to be something wrong with that idea without being able to figure out why.

Title: Re: Advocates of Minimum Wages Treat Reality as If It Is Optional
Post by: Hoodat on January 22, 2019, 02:04:57 pm

Quote from: LMAO on January 22, 2019, 01:54:39 pm

Conservatives believe that you have to adapt to the reality. Progressives believe that reality should adapt to their beliefs

Well stated.

Title: Re: Advocates of Minimum Wages Treat Reality as If It Is Optional
Post by: GrouchoTex on January 22, 2019, 02:18:48 pm

Quote from: LMAO on January 22, 2019, 01:54:39 pm

Conservatives believe that you have to adapt to the reality. Progressives believe that reality should adapt to their beliefs

Good observation.