Real World Economy Versus The Minimum Wage

by: the Common Constitutionalist

Once again liberals have demonstrated that they just don’t get how the economy works. They are so utterly ignorant.

When purchasing an item, do you ever comparison shop? Of course. Most everyone has or does. And you want to get the most for your dollar. Again, of course – otherwise, why comparison shop. And if you see two of the same product, with different prices, all things being equal, you would choose the lower cost item.

Maybe one of the two products presents better value for the same cost. Again the obvious choice would be to choose the better product for that same cost.

And so it is for labor. Labor is a product. Companies don’t hire people out of a sense of charity. No – even for the lowest position in the company, people come in and fill out an application, maybe submit a resume and possibly fill out an evaluation form. Then someone goes through the applications.

And what are they doing? Why, the HR person or whomever is comparison shopping. He or she is looking for the best, most qualified candidate for that particular position at a predetermined cost. They’re looking for the biggest bang for their buck. He or she is looking for a hire who will bring at least as much value to the company as they will be paid. Otherwise, it is just charity. read more