Our boy, Obama is out there pitching his federal Minimum Wage and he seems to be getting the attention of a lot of "retards". The point of this blog is to shed a little light on the subject. First, what is the objective of our economy? This is a real easy question. It is go "produce" as much wealth as possible. Notice, the word is "produce". Now a little example of how things work.
Let's say that we have an economy where there are 10 people. Of these people, only 7 have jobs. With your 4th grade math, that leaves 3 without jobs. Of the 7 people who have jobs, let's say that 2 are below Obama's proposed minimum wage. Now if our objective is to "produce" more, how does Obama's minimum wage fit into this?
Of the 2 people who are now below Obama's proposed minimum wage, one is going to get a raise and the other is going to lose his job or be replaced with a machine. This will leave a total of 4 people without jobs. Of the 6 people who will keep their jobs, they will all have to pay more for the things that they buy. The quality of life for the original 7 people who had jobs will go down. Do you follow that?
Next, let's look at what our 10 people "produced" after Obama's minimum wage went into affect. Before, we had 7 people producing and after, we only have 6 people producing. It has to be clear that if our objective was to "produce" the most, that Obama's minimum wage reduced the amount we "produced".
What Retards think is that what one gets paid is what one produces, but as you can see from above, is that pay is "not" the same as "production". If Obama printed a bunch of college graduation diplomas and handed them out to high school drop outs, would that make those people "smart"?
PS---Another point. Notice that the Minimum Wage is not paid for directly with tax money. It is a "mandate" where we all pay and Obama does not have to raise any taxes to buy his votes from "you know who".
