From the U.S. Department of Labor website:
The Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private sector and in Federal, State, and local governments. Covered nonexempt workers are entitled to a minimum wage of not less than $7.25 per hour effective July 24, 2009.
In brief, the FLSA was a bare-armed power grab by the Federal Government, wherein they assumed authority to decide that since a business may sell something that crossed state lines, the Feds had authority to declare how much in wages that company had to pay their employees, since that company was engaging in interstate commerce.
Apparently, their goal was to impoverish employers, increase the amount of employee taxes paid by employers, and prevent them from being able to afford as many employees as they otherwise could have employed.
And since we have idiotic socialists in charge during this recession, they think they can create wealth by mandating that employers pay higher wages.
To rebut this allegation, I’ll simply quote the Mogambo Guru:
To show you the kind of idiocy that passes for economics, The Wall Street Journal, in a story about the imminent rise in the minimum wage from $6.55 to $7.25 an hour, notes that the Economic Policy Institute “estimates that the minimum-wage increase will add $5.5 billion to the economy” which makes me laugh – Hahaha! – in a mocking-yet-scornful way as my humble way of saying, “These guys are idiots!”
If another lousy 70 cents an hour will add $5.5 billion to the economy, then raise the minimum wage by $7 an hour and add $55 billion! Or raise the minimum wage by $70 an hour and add $550 billion! Hahaha!
So I’ve got a real Hot Mogambo Tip (HMT) for these Economic Policy Institute (“a liberal think tank” says the WSJ) weenies: Wrong-o! Morons!
For one thing, money does not appear out of nowhere, including that $5.5 billion. It has to come from somewhere. And since these dorks obviously have no idea what in the hell they are talking about (which explains why the WSJ called them a “liberal think tank,” which is a euphemism for “idiots in a room”), the fact is that the businesses that pay the higher wages are going to have to charge more for their output to make up for the higher labor expenses or make $5.5 billion less in profits, which does not even include the higher charges for the employer-half of taxes on wages, higher unemployment insurance premiums or other expenses linked to wages.
In short, the whole $5.5 billion that will theoretically end up in the paychecks of low-wage employees will all be spent by them paying the higher prices that businesses will have to charge! Surprise! No free lunch! Hahaha!
Couldn’t have said it better myself! If employers have to spend more on wages, they have to charge more for goods and services, canceling out the wage increase! Or they can just lay off a few workers until payroll costs decrease to what they were before the minimum wage increase!
In conclusion:
And although some doofus “economist” named Heidi Shierholz at the EPI says “it is actually a good time” for an increase in the minimum wage, the fact is that businesses are not making any money as it is with the lower minimum wage… Bankruptcies are soaring, businesses are folding, consumers are broke and the economy is in a mess, which is NOT a “good time” to be raising the prices of anything, including labor, although the idiot state and local governments think it is a FINE time to raise taxes! Hahaha!
As someone once said, the problem with socialism is that you eventually run out of other people’s money to spend.
Turns out, there was a “swine flue epidemic” back in 1976, too.
And just like the most recent “epidemic,” “epidemic” as defined by the government means a small handful of people: one person in 1976. And this was used as the basis for a huge government campaign to inoculate everyone in the United States with an un-trialed vaccine with unpublished side-effects.
This video is a 60-Minutes investigation into the 1976 swine-flu scare campaign, how baseless the campaign was, and some of the harmful effects the vaccine had.
http://loveforlife.com.au/node/6636
Needless to say, when the government tells you that they are acting in your best interest, they are lying. The federal government’s only legitimate authority involves leaving you alone. Everything that politicians do beyond that is based on corruption, tyranny, and — quite likely — immense profits for allied corporations and pharmaceuticals that will be selling the mandated vaccines.
