Thursday, 6 February 2014

A Late Entry For Today: The Minimum Wage

from 'Should The Minimum Wage Be Raised?' - Paul Craig Roberts - Feb. 6

(Member since May 6, 2013), 1 fan, 25 comments 

Dr. Roberts, for some reason you didn't mention two fundamental aspects of minimum wage increases: 1) Because they are arbitrary, and there has been no equivalent increase in productivity, the employer simply passes on the increased cost of labor to the consumer, which results in inflation, which results in a vicious circle, not really progress (more & more money which, chasing a static level of productivity, is worth less and less until it is, potentially, worthless.  See the Weimar Republic, and Zimbabwe in our time); and 2) The minimum wage is basically an entry-level-job wage, until the employee proves his or her value to the employer, and then they get a raise.  It is not SUPPOSED to be a 'living wage;' it's for the school leavers/unskilled starting out in the job market  You have to allow for that two-tiered economic factor, or you're living in a dream world, in which jobs will disappear, for the citizenry not understanding, or at least not acknowledging, that fundamental economic fact.  You can't command a 'living wage' from on high.  At least not in a capitalist society.  And good luck with an attempt at a command and control society.  Been there.  Tried that.  Doesn't work.  People are not chattel, to be ordered about at the [whim and] will of the state.  

Submitted on Friday, Feb 7, 2014 at 12:35:37 AM

(Member since May 6, 2013), 
1 fan, 25 comments 

Now, and speaking of a dream world: We're facing a fundamental change in how we live on this planet anyway, with humanity needing now to face up to the fact that we are 'spiritual beings having a human experience' - needing to, because we have pushed ourselves dangerously to our limit of acting as though it were not true, rather than acting as though it were.  And with that awareness - scientifically confirmed now, through such as Near Death Experiences, and other experiences of individuals becoming aware of other lives that they have lived; thus proving there is a Plan in and Purpose to life, beyond just in & for itself only - we can start moves towards eliminating money altogether (especially the twin training wheels of interest-bearing money and fractional-reserve banking), and simply sharing goods and services with one another - and giving of our best in the process - out of a higher motive than the age-old [and old age] one of profit.  Out of the highest motive that there could ever be: out of gratitude to our Creator for life with meaning.  Out of, in a word: Love.
Just waiting for us to awaken to it; and to our true identities.  As facets, fractals, aspects, points of view, extensions of the One.  The All That Is.  Deserving of our respect.   
And that means: of each other.  For, beneath the human Drama of being, successively in (illusory) time, One Another, we are, then, All One.  And thus, As you do unto others, so do you do unto yourself - literally.   
And thus endeth the lesson, of seeming separation.  And thus endeth as well the need for training wheels; of all kinds. 
It's all a matter of consciousness.                 

Submitted on Friday, Feb 7, 2014 at 12:37:55 AM


N.B.  I think the relative value of the dollar since the shenanigans of 1913, with the creation of the Federal Reserve and the (falsified) ratification of the 16th (Income Tax) Amendment, is now down to about fifteen cents.  So much for one of the main arguments for the creation of the Federal Reserve (which is as 'Federal' as Fed-Ex), which was that it would help to keep down inflation.  Still waiting on that promise.  In the meantime, the amount of income tax has climbed exorbitantly.  But when you are in the business of getting the federal government to spend and spend, and spend, and spend, and spend - hey, the Federal Reserve has been a roaring success!
     For the private Families who have been behind the whole sorry scam.

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