Minimum Wage ‘Pulverizes The Poor’

Economy, Free Markets, Labor, Law

Minimum-wage legislation fixes the price of labor above its productivity, making it less likely that the young and the unskilled will be hired. Those who claim to represent the interests of unemployed youngsters—whose labor-participation rate has been in decline—and other unskilled laborers don’t much care that such legislation circumvents voluntary exchanges in the marketplace. Because government has fixed the price of labor, economic actors are prevented from engaging in mutually beneficial, voluntary exchange.

Still less is the hike justified because it impoverishes. Government can set wages above market value (productivity), but it cannot compel business to hire (and lose money), the outcome of which is unemployment among the young and the poor.

USA Today reports that “13 states are raising pay for minimum-wage workers at the start of 2014.” Another site more savvy than the Seattle Times—almost any website on the WWW qualifies—pegs the additional labor costs to the City of Seattle of “a $15 minimum wage” at “nearly $700,000.

Get rid of the minimum wage altogether says Prof. Walter Block, and jail those who pass it for the crime of “pulverizing the poor.”

‘Into The Cannibal’s Pot’ In University Libraries

Education, English, Ilana Mercer, Political Correctness, South-Africa

It transpires that intellectually curious and honest academics are having some luck in their efforts to increase the chances of students being exposed to solid facts and serious analysis pertaining to South Africa.
A very nice professional who wishes to remain anonymous—he works behind enemy lines in academia—has been kind enough to forward me a list of “the [university] libraries that have [“Into the Cannibal’s Pot: Lessons for America from Post-Apartheid South Africa”] and have reported that they have it to WorldCat.” The gentleman informs me that, “Most books are purchased via standing orders for major publishers, or approval plans, so books not acquired in that way get bought when someone, usually a faculty member, requests that they be purchased.”
You know what this means? Academics can place orders for the book and thus increase the chances that students are not bamboozled by idiots (such as my co-panelist on the Cross-Talk TV show).

Let me know how it goes. I’ll be sure to mention any successful outcomes.

Location  Library  Local Holdings   
US, AK ANCHORAGE PUB LIBR XYZ  

US, CA ALIBRIS ALBRS  
US, CA STANFORD UNIV LIBR STF  

US, CO DENVER PUB LIBR DPL  
US, CO LAFAYETTE PUB LIBR FIU  
US, CO PUEBLO CITY CNTY LIBR DIST   

US, DC LIBRARY OF CONGRESS DLC  

US, FL AVE MARIA UNIV AVMAR  

US, IA DORDT COL Local Holdings Availa…   
US, IA JOHNSTON PUB LIBR JUH  

US, IL WARREN NEWPORT PUB LIBR DIST IHZ  

US, KY HENDERSON CNTY PUB LIBR DIST KG6  

US, MA MASSACHUSETTS INST OF TECH MYG  

US, MI UNIV OF MICHIGAN LIBR EYM  

US, MO KANSAS CITY PUB LIBR KCP  

US, NH YBP LIBRARY SERVICES YDX  

US, NJ PRINCETON UNIV PUL  

US, NY CORNELL UNIV Local Holdings Availa… COO  
US, NY MID-YORK LIBR SYST ZTM  
US, NY SUNY AT ALBANY NAM  

US, OH AKRON-SUMMIT CNTY PUB LIBR APL  
US, OH SHAWNEE STATE UNIV OSS  
US, OH WORTHINGTON PUB LIBR OWR  

US, PA TEMPLE UNIV TEU  

US, WA PACIFIC LUTHERAN UNIV OPV  

CA, AB UNIV OF ALBERTA UAB  

CA, ON COUTTS LIBR SERV CDX  

New Zealand AUCKLAND LIBRS NZAUC  

South Africa DACST-DEPT TRADE & INDUSTRY LIBR
 
US, CO DOUGLAS CNTY LIBR DAD  

US, FL SARASOTA CNTY LIBR SYST FSP  

US, MD JOHNS HOPKINS UNIV JHE  

US, MO OZARKS TECH COMMUN COL TLO  

US,NH YBP LIBRARY SERVICES YDX  

US, WA FORT VANCOUVER REG LIBR YEP  
US, WA NORTH CENT REG LIBR OEI  

Australia LIVING CITY SVC ATNSP  
Australia STONNINGTON LIBR & INFOR SVC ATVLI  
Australia SUTHERLAND SHIRE LIBR ATSSL  

South Africa NATIONAL LIBR OF SOUTH AFRICA
 
Germany UNIVERSITATS BIBLIOTHEK POTSDAM

CA,AB

UPDATED: Quacking Over Ducksters As Freedoms Go POOF

Constitution, Crime, Criminal Injustice, Federalism, Founding Fathers, Government, Homeland Security, Law, Race, Racism, Regulation

“Quacking Over Ducksters, As Freedoms Go POOF” is the current column, now on WND. An excerpt:

“While the nation fretted over the ouster of one Duckster from the parallel reality of a TV reality show, more of the protections enshrined in the Fourth Amendment of the U.S. Constitution evaporated.

Just after Christmas, district-court Judge William Pauley ruled that the privacy protections afforded by the Constitution were relative freedoms, not absolutes ones. As such, Fourth-Amendment rights had to be calibrated against a government’s need to maintain a database of records that would (putatively) prevent future terrorist attacks. …

… This is the inglorious history of American freedom and federalism. In the rare event that the Supreme Court refuses to play along (as nicely as plaything Justice John G. Roberts did for ObamaCare)—there is always a perfectly legal, extra-constitutional, quasi-legislative, quasi-executive, quasi-judicial, “independent” regulatory commission or executive agency to kill off or override constitutional protections.

A “civil liberties officer,” for example.

The nice men in periwigs who came up with the Fourth Amendment were recklessly naive to imagine that branches of a government, each of whose power is enhanced when the power of the other branches grows, would serve to check one another. The idea of a judiciary that would police the executive as an arm of a self-correcting tripartite government was worse than naive.

As “luck” would have it, legislation that flouts the Fourth Amendment was previously in place to provide Pauley with all the positive-law backing the judge needed to justify an anti-constitutional ruling. To wit, the grounds upon which the New York jurist dismissed this ACLU (American Civil Liberties Union) case against the NSA were, primarily, “that bulk collection was [already] authorized under existing laws allowing ‘relevant’ data collection to be authorized by secret US courts.”

Here you have the essence of modern-day, Managerial-State America. Natural law, common-law and Constitution have been nullified; buried under the rubble of legislation, statute, precedent, ad infinitum, rights having long-since been outsourced to the “better” judgment of bureaucrats and hired “experts.”

In this case, to Eric Holder’s Department of Justice. …

Read the complete column. “Quacking Over Ducksters, As Freedoms Go POOF” is on WND.

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If you’d like to feature this column, WND’s longest-standing, exclusive paleolibertarian column, in or on your publication (paper or pixels), contact ilana@ilanamercer.com.

UPDATE (1/3): Someone is guilty of a performative contradiction. In any event, I’m glad I have not lost the reader who claims he is lost to me. From the COMMENTS @ WMD:

Nys Parkie
• 12 hours ago

Mercer lost me. Was a fan. Now her libertarian squeamish mish-mash of words only offend me. Her article on hunting cut the cord. I, as a conservative libertarian only have this response. Let me live as I choose and don’t demonize me for it. Maybe you (Her) is some type of PETA Vegan in disguise, I don’t know. Hate your mirror and not me.

Reply
Spyker May Nys Parkie
• 10 hours ago

Nys..,

You cannot chastise Ilana for your lack of command of the national language of the USA. She uses no words not from a good dictionary – the only “mish-mash” is the pancake between your ears.

As far as being ‘offended’ – kindly consider carefully what is ostensibly ‘arrogance’ and what is de facto personal insecurities.

To follow Ms Mercer demands no greater effort than reading through ATLAS SHRUGGED in a week…

UPDATED: Chucky Krauthammer’s Keynesianism (Neocon Chucky: Tinkering Technocrat)

Economy, Federal Reserve Bank, Intellectualism, Neoconservatism, Regulation, Republicans

On Special Report today, Chucky Krauthammer could be heard quickly correcting his characteristic Keynesianism when fellow Fox-News panelist neoconservative George Will made him look, well, silly. As she knows nothing about economics, the blond Kirsten Powers, also empaneled to discuss the economy, was none the wiser. Neither did host Bret Baier notice Chucky stumble and recover.

The Fed had set the price of money at zero, Krauthammer noodled. In his opinion, this served as a positive impetus for steady but slow economic growth. The far cleverer George Will jumped on this, pointing out that quantitative easing was the Democratic equivalent of faux trickle-down economics. In other words, the manufacturing of paper money inflates prices on the stock exchange, enriches a few big players, and leaves the rest of us holding devalued dollars and struggling to survive. (Naturally, this is not verbatim. I paraphrase from memory, since few news outlets bother with the written word any longer.)

Like greased lightening, Krauthammer leaped to finesse his Fed demand-creation Keynesianism.

As mentioned, other than the two men involved, nobody (except a few Austrians like myself) noticed.

UPDATE (1/3): EPJ on Chucky’s Nutty Two Tier Minimum Wage Proposal. Our neocon is such a tinkering technocrat.

This is truly goofy. It would result in businesses hiring teenagers over breadwinners. Since the advocate Charles Krauthammer seems to understand that raising the minimum wage causes unemployment, his proposal has to be classified as pathological altruism.

Here’s Philip Klein on the problems with Krauthammer’s proposal:

On a Fox News panel earlier this week, Charles Krauthammer floated a proposal for a two-tiered minimum wage system in which the rate would be raised for individuals who are the breadwinners of their families and remain the same for others. But this would be an absolutely terrible idea.

MORE.