This is why we should all support an increased minimum wage. The minimum wage was created in order for a SINGLE income to provide a living wage to a single income family.
If your argument is that of the above false quote, you are forgetting that minimum wage jobs don’t go away once school is in session. Jobs are for adults. If a teen gets a job so that he or she has spending money apart from what the parents are capable of supplying, GREAT! But don’t forget, jobs are for adults. Adults do adult things — like purchase transportation, shelter, insurance, food, healthcare services, and more.
When you leave your phone number in a voice message, speak slowly and repeat the number. Please and thank you!
First off, classical economics in a nut is laissez-fair or “leave it alone and it will be fine.”
Up until the 1920s, recessions were more or less manageable. Perhaps not for those greatly affected, but society at large. Of course, the infrastructure of our society at the time could not have supported large government interference.
At the time, small communities were “thriving.” Everybody new their neighbor and few people moved far off from home upon reaching adulthood. Mothers made clothes for their family. If yoy hit hard times you could count on your community to lend a helping hand or at least provide small jobs so you could support your self.
At the turn of the century, society began to change. More and more people were moving to the city. We new fewer and fewer of our neighbors. It is my belief that this is where our roots of “support yourself you lazy bumb” really started to take root.
That’s why classical economics failed. People wanted more and more of the economic pie. Since people of power had the power to take what of the pie they wanted, they did. Since there was less pie to go around, the less powerful people had to borrow money in order to participate in the economic (false) boom of the time.
People of power no longer felt that they were accountable for the wellbeing of others because they weren’t around those of a “lesser” status. Had we continued to have the tight knit community we had before, powerful people would have been held more accountable.
Observations of society will show you that people of a higher social standing do not hold themselves accountable to those of a lower social standing. Bell hops for the most expensive apartments in Manhattan will tell you that most of the residents will only tip a few dollars (if that) because the residents know that amount is what would be expected at the lowest apartment buildings that still have bell hops.
Studies have shown that people who begin with an adherently better position believe they earned what wealth follows amd that those who started in a disadvantaged position deserve what poverty follows. Don’t believe me?
Check this link out: monopoly study
I am not saying that before the 20th century there were not greedy people. I am saying that there have always been greedy people and that as our society expands it becomes more and more difficult to hold (greedy) people of power accountable for taking care of their share of society. That is why classical economics has failed and why we now need keynesian economics. That is why we need a minimum wage. That is why we need regulations. Too many people will only give the bare minimum they are required to for society and they will take the rest.
During my commute to work on this fine rainy-ish Wednesday morning, I was listening to NPR as I always do, and they had the most peculiar story. Starbucks is considering serving alcohol in order to increase evening revenue. As you would suspect, the caffeine giant’s revenue declines toward the end of the day because well most people don’t want caffeine at night.
However, is this the right move for them? They were the trend setter for gourmet coffee. Is wine and beer the next step for them? I don’t think so. They are a “specialty” coffee shop not a bar. I am not sure what action they should take to grow their business; however, turning starbucks into a bar, just doesn’t feel right.
That is my 2 cents … and now I want a Skinny Vanilla Latte!
Let me just take the time to say thank you for taking the time to read my ramblings, thoughts, and general blurbs. This blog is going to be part public diary and part comments toward whatever it is I am experiencing at the time. That means the general topic is going to be me. My topics are going to range from advice to high school and college students (and recent graduates), to opinions about past, present, and future events of the world. I might even throw in some articles concerning my personal life here and there — such as my up coming wedding — or some fictional work.
Thanks for visiting my blog and don’t forget to share my ramblings with your friends, family, co-workers, and arch nemesis!