Alarming News: I like Morgan Freeberg. A lot.
American Digest: And I like this from "The Blog That Nobody Reads", because it is -- mostly -- about me. What can I say? I'm on an ego trip today. It won't last.
Anti-Idiotarian Rottweiler: We were following a trackback and thinking "hmmm... this is a bloody excellent post!", and then we realized that it was just part III of, well, three...Damn. I wish I'd written those.
Anti-Idiotarian Rottweiler: ...I just remembered that I found a new blog a short while ago, House of Eratosthenes, that I really like. I like his common sense approach and his curiosity when it comes to why people believe what they believe rather than just what they believe.
Brutally Honest: Morgan Freeberg is brilliant.
Dr. Melissa Clouthier: Morgan Freeberg at House of Eratosthenes (pftthats a mouthful) honors big boned women in skimpy clothing. The picture there is priceless--keep scrolling down.
Exile in Portales: Via Gerard: Morgan Freeberg, a guy with a lot to say. And he speaks The Truth...and it's fascinating stuff. Worth a read, or three. Or six.
Just Muttering: Two nice pieces at House of Eratosthenes, one about a perhaps unintended effect of the Enron mess, and one on the Gore-y environ-movie.
Mein Blogovault: Make "the Blog that No One Reads" one of your daily reads.
The Virginian: I know this post will offend some people, but the author makes some good points.
Poetic Justice: Cletus! Ah gots a laiv one fer yew...
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If we started in 1960 and we said that as productivity goes up, that is as workers are producing more, then the minimum wage is going to go up the same. And if that were the case then the minimum wage today would be about $22 an hour,” she said, speaking to Dr. Arindrajit Dube, a University of Massachusetts Amherst professor who has studied the economic impacts of minimum wage. “So my question is Mr. Dube, with a minimum wage of $7.25 an hour, what happened to the other $14.75? It sure didn’t go to the worker.
The Fog of Law has an excellent answer for this.
It did go to the worker – in the form of lower prices. Once upon a time, almost all banks charged fees; the increases in technology enabled them to give banking services away for free. Increases in production technology enables people to pay less for better cars. Everyone who is reading this is benefiting from the increases in computer technology that enable them to buy a WiFi enabled tablet for about a tenth of the price of a late 1980s Apple IIE. As Thomas Sowell repeatedly points out, more houses were connected to the internet at the end of the twentieth century than were connected to running water at the beginning. But if we were legally required to pay inflation-adjusted salaries to plumbers to install water pipes into our house, to account for the increased ease of doing so, it’s likely that fewer people would have running water, let alone internet.
:
To use an example that may be familiar to Senator Warren, lawyers used to keep a team of secretaries for each attorney. Now, each attorney needs a smaller, albeit much more productive, support staff. The one lone remaining secretary isn’t making four times as much money, but the clients are no longer paying for four secretaries, so their bills are lower. Likewise, the secretary can now go out and buy a refrigerator for less money than she would have paid back in the ’60s, because it takes fewer people to build it, and she can open up a free checking account, since the bank is passing on cost savings to her. Ultimately, she gets more for her salary, just like everyone else does – which is far better than getting more salary to buy the same amount of stuff (i.e. the Warren plan).
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What if there is NO salary to be had?
Keep America At Work
- vbierschwale | 03/29/2013 @ 09:21