Matt 26z

http://www.anncoulter.com/columns/2014-02-26.html

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Why were wages so high until 1968? Because that's when Teddy Kennedy's 1965 Immigration Act kicked in, bringing in about a million immigrants a year, almost 90 percent of them unskilled workers from the Third World.

Our immigration policies massively redistribute wealth from the poorest Americans to the richest. It's a basic law of economics that when the supply goes up, the price goes down. More workers means the price of their labor plummets.
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Australia has a $15 minimum wage for adults -- more than twice the U.S. minimum wage. Meanwhile, their official unemployment rate is lower than ours: 6 percent compared to 6.6 percent in the U.S. -- and that's with a lousy $7.25 minimum wage.

Sound good? Try immigrating there. Australia has some of the most restrictive immigration policies in the world. Their approach to immigration is to admit only people who will be good for Australia. (Weird!) Applicants are evaluated on a point system that gives preference to youth, English proficiency, education and skill level.
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Sounds good, but our politicians are drooling at the mouth over Mexican voters. They would rather be re-elected than ship the wage-killing illegal labor back to Mexico.

Another problem is the H-1B visas. It used to be that corporations had to invest in their own workforce (pay for their education). Now they just hire someone using the H-1B system if a candidate isn't immediately available. The law limits H-1B visas to 65,000 per year, but there are many exceptions that have shot the figure up to nearly 1,000,000 per year. That's 1,000,000 Americans per year who are not being invested in any longer.

Due

The minimum wage is low because the educational system sucks in USA. If you do not have $ to go to school you are going to have a hard time.

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Grapesoda

except in porn, less work, more model, model prices going up

TheSquealer

what does education have to do with low skill jobs? You think McDonalds is looking for a burger flipper thats really good a calculus?

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Yes, fewer illegal immigrants working equates to more job opportunities for American citizens.

Rochard

Wizzo

I think it's important to point out Ann Coulter generally says the most idiotic things to sell books.

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Grapesoda

was watching a doc about mcky'ds on Netflix... 40% of franchise owners started at the counter or flipping burgers as hourly employees, but fuck working hard to move up when you can sit on your ass and have the politicals give you a raise so you'll vote for them ... hey Greece/Spain move over here we come!

_Richard_

doesn't illegal labour account for a large portion of the economy of the states?

deltav

Whether you're conservative or not, Ann Coulter is the very definition of a troll. And going from the OP's holocaust denial thread last week I'd guess so is he.

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dyna mo

coulter's been spouting anti-democrat gibberish for 25+ years, no reason for her to stop now.

signupdamnit

Let's be real. 90% of those 40% fall under one of the following:

1. Their parents or other relative owned the business they started out at and they took it over when the parent retired or died.

2. They have money and lots of it and listened to the [excellent] advice that they needed to know more about the business before owning a franchise in the industry.
'
I'm sure there are some true rags-to-riches stories among them but the majority are going to be covered by the above.

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signupdamnit

She actually makes a halfway intelligent point this time. But immigration was more of the problem in the 70s and the early 80s. These days most of the job losses are from manufacturing moving overseas to get $2 an hour workers. It's true though that in non-union friendly areas certain industries such as construction have been decimated in part from labor by illegal immigrants.

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Tom_PM

Minimum wage isn't low because there are too many people looking for one job.
Minimum wage is low because payroll is the #1 expense of any business.
Many just can't see a picture bigger than their own P&L statement.

Effect of minimum wage increase? More stable and robust economy as a whole.
Nay sayer version? Collapse of civilized society.

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PR_Glen

more made up %'s made purely by assumptions. You think any teens that start out there have connections and family wealth? try again...

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SykkBoy

The problem with a minimum wage increase is most companies will just raise prices to reflect it and those making minmum wage won't be any better off than they were.

The biggest problem is that many years ago, big companies shipped a LOT of jobs overseas. Not just manufacturing, but also call centers. These types of companies were where a lot of low-skilled labor worked, especially call centers. That lead to a surplus of low skilled workers and businesses who knew this and asked themselves why they should pay any more than the standard minimum. It's happening a lot here in Las Vegas where the economy is still in the shitter. Companies are getting nearly twice as much work done with half the staff. While it leads to a better balance sheet, it leads to an oveworked, overstressed workforce.

If they want wages to rise faster than the cost of living, places extra taxes on companies who outsource their manufacturing and call center work. Offer tax incentives for companies who bring those types of jobs back.

I'm no economics professor, nor do I play one on the internet, but it just seems to make more sense than raising the minimum wage again and again.

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Tom_PM

The anti-increase argument has always been that companies will raise prices so the wage will mean nothing anyway. History doesn't seem to ever reflect this happening though, and in fact there is usually a big upswing following a wage increase. More spending, more durable goods, more stability, more growth. It's going to happen, so we can probably all relax and do some wise investing ahead of it.

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PR_Glen

If you check out the cost of living increases in the last 4-5 years or so in canada you would have a perfect example of that.

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