Category Archives: jobs

He Didn’t Build That

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Our economy had the awe-uninspiring growth rate of 2% per year during ex-President Barack Obama’s (D) time in office.  Now, the Census Bureau has reported that

  • [r]eal median household incomes rose 1.8% to $61,372 between 2016 and 2017
  • the overall poverty rate dropped 0.4 per centage points to 12.3%
  • poverty rates for blacks and Hispanics fell to 21.2% and 18.3%, respectively, the lowest in more than 45 years
  • the share of people earning less than $15,000 declining 0.3 per centage points

Obama didn’t build that.  Those folks also think they’ve reached the point where they’ve made enough money.

On the other hand, Obama, his Progressive-Democrat cronies, and his regulators did create the very low economic baseline against which those per centages are being measured.

Government Diktat

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California style.  That state has passed a law.

The law requires a company to appoint one woman to its board of directors by the end of 2019. By the end of 2021 a five-member board would need to have two women, while boards with six or more directors would need three. The Legislature, always alert to possible micro-aggressions, defines female as “an individual who self-identifies her gender as a woman, without regard to the individual’s designated sex at birth.”

(One wonders whether the law would be satisfied by a male Board member self-identifying as a woman for the purpose of Board-related activities.  [/snark])

The number of women selected for Board membership has much to do with the lack of women with actual qualifications for those positions.  Forcing quotas onto private enterprises won’t produce qualified women out of thin air.

The lack stems from two major sources (among others).  One is the way we teach our girls and young women throughout K-16.  Our “educators” generally don’t push them as hard or in the same direction as they push our boys and young men.  This is an example of the bigotry of low expectations.

The other major source is in our various corporate cultures.  Women don’t get the same support, encouragement, or kicks in the fannies to do better that men do, so they don’t develop, over the course of their careers, the qualifications needed for Board seats.

Along these lines, women employees don’t spend the same continuous time on their careers as do men: many women take significant time off from their careers to have and raise children.  As a nation, we still haven’t worked out a way around this difference in time commitment.  Paid parental leave might be a step in that direction, but even were it, it’s wholly inadequate.

This law does not address any of these.

A Minimum Wage

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David Neumark, an Economics Professor at the University of California, Irvine, thinks he has an idea on how to implement “fairly” a minimum wage.  Unfortunately, his idea isn’t even good enough to be bad satire. He wants to

provide a tax credit of 50% of the difference between the prior minimum wage and the new minimum wage for each hour of labor employed. It would phase out at wages above the new minimum wage and, as wage inflation erodes, the value of the new minimum wage.

Thus, taxpayers would pay a significant fraction of each minimum wage—folks in New York would pay into the minimum wage of Seattle’s residents, for instance.  Worse, the employer in question would no longer be fully engaged in the wages of his own work force.

With this, Neumark thinks he can

transform the minimum wage into a more sensible redistributive policy.

This, of course, is a nonsensical oxymoron (excuse the redundancy). The only sensible redistributive policy, the only moral redistributive policy, is a voluntary payment of value for value received. That’s an exchange that can only be determined by the participants.  It’s also an exchange that keeps the employer and his workers fully and solely answerable to each other.

Voters think income inequality is too high, and politicians who want to keep their jobs must respond.

No, we don’t, and politicians who want to keep their jobs must recognize that.  Politicians must stop treating their poorer constituents like inanimate tools whose sole purpose is vote harvesting, and instead them like the human beings they are.

Irony

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Her name is Alexandria Ocasio-Cortez (D, NY), a candidate for the House of Representatives.  Recall that Ocasio-Cortez is an ardent supporter of minimum wage laws, and as a start wants the minimum to be $15/hr.  New York City already has mandated that minimum wages in the city rise to $15/hr by the end of this year.

She went by her favorite coffee shop, The Coffee Shop in Union Square (which employs 150 folks), over the weekend to shoot the breeze because, she says, she used to work there. Then she discovered the place is closing this fall…because it can’t afford the rising labor costs on top of high rent and high regulation costs.

Union Politics

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Here’s what the American Federation of Teachers union “agency fees” would have been spent on absent the favorable ruling in Janus vs AFSCME, which said that public unions can no longer make non-union employees pay into union coffers as a condition of employment.  These are actual resolutions to be offered at the AFT’s convention this weekend.

Keep in mind, too, that those agency fees typically ran to 60% to 80% of member union dues—which gives an idea of how much a public union’s intake was spent on politics rather than on member matters.

  • single-payer health care
  • opposition to the Dakota Access pipeline
  • President Donald Trump’s “immediate resignation or removal”
  • denounce[ing] Mondelez for moving Nabisco cookie production to Mexico [and non-union plants]
  • urg[ing] local affiliates to pressure “employers to sell or carry only Nabisco products made in free union workplaces in their schools and on their campuses.”
  • support for “anti-war groups”
  • removal of the US’s Terminal High Altitude Area Defense system in South Korea, which “enhances the effectiveness of a US first strike with nuclear weapons by drastically weakening any nuclear retaliation by a potential target nation such as China or North Korea”

Regarding that last, I certainly wish it were true that THAAD would drastically weaken an enemy’s second strike, especially after its first strike.  That’s secondary, though.  Primary is the lack of relationship with actual education or with enhancing a teacher’s ability to teach that these AFT resolutions have.

The union does have a couple of education-related resolutions.

  • free college
  • [urging] “school districts, colleges, and universities to offer their students diverse views about military service and the Reserve Officers’ Training Corps, balancing arguments for military service and ROTC training with the arguments of critics of military service, including its health risks.”

Yeah, those are serious education proposals.