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02/03/2017

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Jim . . . is that YOU with the nose and fully hair?? Love that pose!!!!!!

Albert hair, Groucho specs/stasche and stolen blue contacts were employed, Jay, in my feeble attempt at disguise; but I knew I couldn't fool YOU.

Me??? I made a typo in the post . . I intended to say "funny" and said "Fully" . . . OH Well, even our new President makes typos in his TWEETS . . . .

Can somebody consider starting a discussion about the impact of 'minimum wage laws'? Do they do 'good' or merely put work out of the range of many with limited skills and young folks???

Both results occur, Jay, giving a bit more to money to some but reducing the number of jobs available at those entry level and justifying higher selection standards that exclude the unskilled.

I tend to cover minwage and FLSA issues a lot. http://www.compensationcafe.com/2017/01/outing-outsourcing-and-the-gig-economy.html covers those implications, http://www.compensationcafe.com/2015/04/15-an-hour-in-seattle.html is more direct, and http://www.compensationcafe.com/2012/08/what-is-the-minimum-value-of-almost-worthless-help.html is an older one. The "Search" box to the left gives many hits for the "minimum wage" articles here.

There is a very nice op ed piece in the business segment of the LA Times Sunday on 'minimum wage'. It made me look at a couple of very interesting statistical studies in some of the 'high bound' economic journals. One says that we now have a 'bounce' in wages because organizations were not 'fast enough' to predict the first batch of increases but over time that 'bump' will turn into an employment 'dip' that will have dire consequences. Interesting logic I want to explore more.

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