Tuesday, January 17, 2012

Paving the Road to Hell



Consider:

Just look at all the jobs that have been abolished by the minimum wage—good and worthwhile jobs for those who are taking their first step on the economic ladder. Movie ushers, gas station attendants, caddies, fruit pickers, dishwashers, fast food help, and a wide variety of other entry-level job opportunities have been either cut back or eliminated because the minimum wage has rendered them unaffordable. How tragic this is, when you consider the true value of these low-level jobs to young and unskilled workers.

~ Roger Koopman

Or Walter Williams on his early years in a Philly slum:

None of these jobs paid much, but then I wasn’t worth much. But the real value of early work experiences is much more important than the little change a kid can earn. You learn how to keep a job. You learn how to be prompt, respect and obey superiors, and develop good work habits and attitudes that can pay off in the future. Additionally, there is the self-respect and pride that comes from being financially semi-independent.

~ Walter Williams

Or Williams again:

It is important to note that most people acquire work skills by working at “subnormal wages” which amounts to the same thing as paying to learn. For example, inexperienced doctors (interns), during their training, work at wages which are a tiny fraction of that of trained doctors. College students forego considerable amounts of money in the form of tuition and foregone income so that they may develop marketable skills. It is ironic, if not tragic, that low skilled youths from poor families are denied an opportunity to get a start in life. This is exactly what happens when a high minimum wage forbids low skilled workers to pay for job training in the form of a lower beginning wage.

~ Walter Williams

1 comments:

  1. Well done video. The very same people who push the minimum wage rant against chronic unemployment. They can't see the connection. They would probably say it's politically incorrect to say someone isn't worth the minimum wage. So Simon meanders off and is paid $0/hour.

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