Here is the problem with the MW being the same as the BLW: There is a standard of wages that allows for entry level workers to enter the work force. That is artificially set at the MW. There will always be those who cannot earn the BLW, it remains that for a society to maintain equilibrium it must have a reasonable compensation for a reasonable days work for an uneducated person of reasonable ability, ergo, a ditch digger who diligently applies himself as a ditch digger should expect to be compensated at a rate that allows for unassisted living and modest entertainment. Call it journeyman's wages if that helps. Those who cannot even perform at this level, cannot be compensated the same, if they are, all value is removed from the diligent worker's extra effort.

The problem is that this person is not equal to a teenager. This is what the MW ignores. The fact is that the teenager should be able to work for free that he or she gain valuable experience. When you screw that up, you screw the economic system up. The system will of course attempt to right itself and reacquire equilibrium, but it will be somewhat crippled by the artificial parameter.

I'm sorry about your sister Aimee, but wages should be viewed as an expression of the general, not of the specific.

In any event, the change of the MW (which is changed to benefit union people and for no other real reason) disrupted the economy. That is the point I made.

Some thoughts...

Keep in mind, it took only two years for the Democrat Congress to destroy our economy. The Marxist ambitions of Obama will only worsen this condition. And I think the general population knows this. Anyone who doesn't know that Obama is a Marxist doesn't know what a Marxist is, and anyone who thinks that taking someone else's money is proper is a Marxist, whether they know what a Marxist is or not.

Think about it! Health care is a right? This is something defined in the constitution? If that is the case, what else in Maslow's hierarchy is a 'right'?

If you go to the doctor and don't pay the doctor you are doing so under the assumption that the services of that doctor are valueless. This is probably hard to grasp for many, and I wouldn't be surprised that some cannot even incorporate such a fact into their utopian schemes. When you expect something from someone without paying for it, you remove all value from that person's service.

Many people don't pay taxes. The year before last Exon Mobile paid more in taxes than the lower fifty percent of tax payers. One company!!! Get your head around that. The point isn't the smallness of the contributions of the lower fifty percent, it is the staggering realization of the amount of money the Fed is gobbling up!!! You have no idea, you have not freaking idea whatsoever. And, the number is way larger than you have been assuming. And, and!!! there is no demonstration in reality of the use of that money relative to the amount of that money.

The rich don't pay taxes. Corporations don't pay taxes. When someone tells you they will raise taxes on the rich and lower your taxes, they are lying to you. Unless you are simple minded or under the age of 30, you have no excuse for not knowing this. A corporation moves money, it doesn't have money. If you raise taxes on the corp. they raise the cost of their products. They don't reach in a secret money bag and get out their extra money. So you pay those taxes. The rich don't pay taxes, not like you and I at least, they hide their money. John Kerry, for instance, only paid about 13 percent if his income in taxes.

When Obama tells you that he is going to tax the rich and cut your taxes, he is lying to you.

When he tells you that he barely knew Bill Ayers, he is lying to you.

When he tells you that he is qualified to be prez, he is lying to you (he has virtually no accomplishments, never had a job, never hired a person) he lives and has always lived off of gifts.

When he tells you that he attended a racist church and never knew it was a racist church, despite 20 years of attendance, he is lying to you.

When he tells you that he supports the troops, he is lying to you. The troops and the war are inseparable. Either you support both or you support neither. Saying otherwise is about as rational as saying you support piolets but you don't support planes or that you support politicians but you don't support politics. Talk about one of the most stupid statements repeated the most often.

And that takes me to common sense. By common sense I mean that amount of reasoning, when used, is necessary to solve a problem. I don't mean emotion, or fantasy, or fear, I mean simple reasoning.

Simple reasoning that states that when Sean Hannity says that people who want to release known terrorists to go kill our troops, a situation that has been demonstrated to occur with their release, should be taken to Guantanamo and tortured or killed, it is not unreasonable and certainly is not the same as a person stating that they hope Tony Snow was in excruciating pain when he died. That is insane. The two are not remotely equal and only a mind entertaining itself with fantasy would think so. A little common sense easily demonstrates the difference between an opinion about the justice of punishing those who get our troops killed and a sicko political hater who likes it when conservatives pass away.

Pretty simple stuff when you think about it.

More on economics in a couple of days.

Joel.


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