{"id":717,"date":"2010-10-01T08:17:09","date_gmt":"2010-10-01T15:17:09","guid":{"rendered":"http:\/\/muffinbottoms.org\/?p=717"},"modified":"2015-09-08T07:36:00","modified_gmt":"2015-09-08T14:36:00","slug":"economic-analysis-of-a-most-marco-kind","status":"publish","type":"post","link":"http:\/\/muffinbottoms.org\/?p=717","title":{"rendered":"Economic Analysis Of a MOST Macro Kind."},"content":{"rendered":"<p>I saw the following astute and alert analysis on a friend&#8217;s Facebook page today and replied in kind.<\/p>\n<blockquote><p>In my opinion, there is nothing wrong with looking into the minimum wage in CT to see if it helps people get a job or somehow impairs them from getting a job in CT. It is worth a study. It appears that this may be a taboo entitlement situation to many. It could be possible to keep those at the present minimum wage and hire the new people at a lower minimum wage. I am no expert&#8230; I just look at things from different points of view.<\/p><\/blockquote>\n<p>I agree with you sort of!<\/p>\n<p>The biggest problem was on or about 1992 when &#8220;industry&#8221; took a similar look and saw that union jobs had hit a magic 16. The average person with 16 years in a factory was making 16 dollars per hour.<\/p>\n<p>Bosses all over this country decided they needed to cut that down to 10\/hr at the end of someone&#8217;s career, and only minimum wage at the beginning.<\/p>\n<p>Except for the bosses&#8217; bosses; NO ONE liked that idea.<\/p>\n<p>So instead they downsized\/outsourced\/closed every single plant in this nation one by one. They hired &#8220;middlemen&#8221; at about 15 per hour to lead entire teams of people making just a dollar or two more per hour than the minimum wage instead of the 16 that they panicked about in the first place.<\/p>\n<p>Now that almost everyone makes just a couple bucks more than minimum wage they&#8217;re panicking again.<\/p>\n<p>Do we want the minimum wage to be only 2\/3 what it was last year?<\/p>\n<p>1\/3?<\/p>\n<p>This is a very cynical proposition.<\/p>\n<p>These are most cynical times.<\/p>\n<p>Ironically, President Clinton pushed through a pay increase for each new President (Bush then Obama then who&#8230;) of about 3\/2&#8217;s.<\/p>\n<p>At a time when the US economy must shrink 2\/3&#8217;s if it will survive???<\/p>\n<p>We are in grave danger.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I saw the following astute and alert analysis on a friend&#8217;s Facebook page today and replied in kind. In my opinion, there is nothing wrong with looking into the minimum wage in CT to see if it helps people get a job or somehow impairs them from getting a job in CT. It is worth [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,21,5],"tags":[],"class_list":["post-717","post","type-post","status-publish","format-standard","hentry","category-mundane-or-sublime","category-oped","category-tech"],"_links":{"self":[{"href":"http:\/\/muffinbottoms.org\/index.php?rest_route=\/wp\/v2\/posts\/717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/muffinbottoms.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/muffinbottoms.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/muffinbottoms.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/muffinbottoms.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=717"}],"version-history":[{"count":6,"href":"http:\/\/muffinbottoms.org\/index.php?rest_route=\/wp\/v2\/posts\/717\/revisions"}],"predecessor-version":[{"id":1162,"href":"http:\/\/muffinbottoms.org\/index.php?rest_route=\/wp\/v2\/posts\/717\/revisions\/1162"}],"wp:attachment":[{"href":"http:\/\/muffinbottoms.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/muffinbottoms.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=717"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/muffinbottoms.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}