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Posts Tagged ‘minimum wage’

Here is a portion of an email I sent to my local Member of Parliament, in response to increased media attention of the use of temporary foreign workers in Canada, including this April 8, 2014 CBC.ca article.

I simply ask, why are we bringing in any foreign temporary workers to fill “unskilled labour” positions? By that, I mean positions requiring little to no training, with specific reference to front-line jobs at companies like McDonald’s and Tim Horton’s, as examples.

It is true that there are many positions that can’t be filled by Canadian citizens and permanent residents, but only at a particular wage, which is minimum wage or slightly higher, and not that they can’t be filled for the right price.

I fully understand the purpose of bringing in skilled workers to temporarily fill positions, since qualified candidates cannot be found for some positions among citizens and residents at any price, but to bring in any foreign workers for unskilled labour is to say that businesses have a right to be able to fill those positions for a particular price, instead of letting the market determine it.

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Minimum wageHere is part of my response to a reader who proposes a higher minimum wage of $15 an hour in the United States, arguing that it can result in higher pay with minimal price increases. But I ask, what about overall employment?

I have personally seen the case where an imposed higher than market wage has resulted in better pay with the same number of employees as there would otherwise be, and the company still being able to make a profit.

The example I’m referring to is a franchise coffee shop at the university I went to where the workers are unionized and get at least several dollars above the minimum wage.

While you are right about scenarios where an imposed minimum wage increase could result in big gains for affected employees with relatively minimal cost increases, one thing that generally will be affected is employment.

It is for that reason that I feel I don’t feel I should support restricting the job opportunities of others, and this is particularly noticeable with youth unemployment, where, due to other factors like a relatively high high school dropout rate of 15% and over, such students will have a difficult time seeking as many jobs at a highly increased minimum wage.

The university coffee shop is a special case, because of the power of the university in being able to regulate employment and competition of food options in light of a high on-campus demand.

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I am very pleased to announce that libertarian interviewer of prominent U.S. politicians and pundits, Jan Helfeld, is scheduled to be on Exposing Faux Capitalism with Jason Erb, February 3, 2013, from 1 to 3 PM Eastern on Oracle Broadcasting.

For more on Jan Helfeld, check out some of his most famous interviews.

Congressman Pete Stark blows up over national debt
“Watch Congressman Pete Stark blow up when Jan Helfeld asks him why Stark believes, “the more we owe, the wealthier we are.””

Senator Harry Reid: “Taxation is voluntary”
“Jan Helfeld interviews Senator Harry Reid about
redistributive taxes. Reid maintains redistributive taxes are not a problem because people are not forced to pay taxes.”

Representative Nancy Pelosi’s minimum wage double standard
“The Speaker of the House wants everyone to pay the minimum wage except herself and other politicians. Watch Pelosi call the guard on Jan Helfeld to prevent any more questions.”

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If you heard a Marxist, would you know it?

Meet Ted Rall, cartoonist and author of the new book, The Anti-American Manifesto, who was recently interviewed on Culture Shocks. Despite the host saying that Rall’s book isn’t really anti-American, Rall’s statements show otherwise.

At the end of the first segment, he called for a minimum wage equal to a maximum wage.

I think there should be a minimum wage and a maximum wage, and they should both be the same number.

That is, one of the two main components added to socialism that make it communism — equal pay for all. The other component is the abolition of private property.

He also called for a 100% marginal tax rate. That is, 100% of your income over a certain amount would be fully taxed. He clearly shows no understanding of human nature, in that very few would want to work very much beyond the point that all monetary compensation for their efforts is for others.

In the second segment, he called King George III a “liberal reformer,” despite the Declaration of Independence pointing out his many misdeeds.

He said, “I think that the Constitution needs to be swept aside as well,” and;

It’s not to say that I wouldn’t like to see a lot of elements from it in a new government,” whereupon he cited freedom of the press and the Second Amendment. Though, in his case, I’m fairly certain his interpretation of it excludes an individual right to keep and bear arms.

In the third segment, he said the Detroit automakers shouldn’t be allowed to make a car that isn’t a hybrid. That’s socialism — the control of the means of production and distribution.

You have to listen to his tone of voice to hear his combination of intense frustration, and, dedication to his cause.

Yes, there really are Marxists in America, and Ted Rall is one of them, and a bold one at that.

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On July 12, 2010, Dr. Stan Monteith featured a discussion on illegal immigration and mentioned Canada’s temporary worker program for agricultural workers from Mexico and Latin America, like the system the U.S. had back in the 1960s.

Minimum wage is now $10.25 an hour in Canada’s largest province, Ontario, where most of the workers work, and with a 96 cent Canadian dollar, vis-a-vis the USD, it doesn’t seem to put their farmers at an economic disadvantage.

Previously, I wrote about Australia’s minimum wage of $15 an hour, which is more than double the U.S. federal minimum wage, and that didn’t stop the conservative Heritage Foundation from ranking Australia as more economically free than the U.S. Both countries even compared very closely on the metrics that are most relevant to business freedom and wages.

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The conservative Heritage Foundation ranked Australia as the third most economically free country in the world in 2010, while the U.S. came in eighth place.

As of June 2010, Australia’s minimum wage is $15 an hour, while the U.S. federal minimum wage is nearly half that, at $7.25 an hour.

Economics textbooks present the overly simplistic notion that minimum wages higher than the market floor results in higher unemployment. At the time of publication of this index, Australia had an unemployment rate of 4.2% and the U.S. had a rate of 9.4%.

The two most important metrics relative to the impact of minimum wage on economic freedom the report measured, compare favourably between the two countries, showing that Australia isn’t relying on other far higher economic metrics to compensate. Business freedom was rated 90.3 in Australia and 91.3 in the U.S., and Labor freedom was rated 94.9 in Australia and 94.8 in the U.S.

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From first-year economics, I remember a glaring omission by the textbook authors in their criticisms of free market interventions.

According to their models, they demonstrated how:

  • A minimum wage higher than the lowest market wage results in higher unemployment.
  • Quotas and duties on imports reduces overall global trade.
  • An increased government share of a country’s GDP results in less overall economic activity.

But they failed to criticize the biggest price control and intervention in the free market — a central bank. Ask yourself why that is.

Check your economic textbooks and let me know if they’re any different from the ones I’ve seen.

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