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Posts Tagged ‘Economy’

On The Border.

by Bunk Five Hawks X ( 129 Comments › )
Filed under America, Crime, Elections 2016, Immigration, immigration, Mexico, Politics at November 12th, 2015 - 8:07 am

Border

A section of the controversial US-Mexico border fence expansion project crosses previously pristine desert sands at sunrise on March 14, 2009, between Yuma, Arizona and Calexico, California. The barrier stands 15 feet tall and sits on top of the sand so it can lifted by a machine and repositioned whenever the migrating desert dunes begin to bury it. The almost seven miles of floating fence cost about $6 million per mile to build.

[Image found in here. Caption from here.]

[soapbox ap enabled]

I love the choices of phrase: “controversial… fence” and “previously pristine desert,” and the words “almost” and “about.” There’s nothing controversial about a sovereign nation protecting her borders with a fence or otherwise, and the desert is so pristine that it’s relatively devoid of flora and fauna. It’s pure pristine desolation.

Reports vary as to the the border fence height (15-20 feet), the length and the cost; however, local law enforcement says that it works, and that arrests of drug smugglers and “coyotes” along the Yuma border have dropped from 800 per day down to only 15 – a reduction of over 98 per cent in illegal traffic since 2005.

It also translates to a huge reduction in the related costs of apprehending illegals, detaining and housing them, conducting legal hearings and deportations, and it cripples the Mexican drug cartels as a bonus.

Border fences through accessible regions makes simple economical sense, especially in the long term. How do we pay for it? Reduce the annual budget for the NSA by only 1.5 percent each year for the next 10 years.

Then, if a low skilled workforce is still needed, we revive the successful Bracero Program and ensure that the workers don’t get chumped.

[soapbox ap deactivated]

I like the photo. It looks like the work of Christo, only more functional.

The Myths Of Minimum Wage

by Bunk Five Hawks X ( 42 Comments › )
Filed under Communism, Economy, Fascism, Liberal Fascism, Politics, Progressives, Socialism, unemployment at September 7th, 2014 - 12:29 am

Minimum Wage graph Poverty Level BS

My eyes glazed over when I saw that graphic, because there are no numbers or statistics to back up that arbitrary wiggly line and its specious claim. It’s pure socialist propaganda. Ready for some unadulterated reality?

According to the U.S. Bureau of Labor and Statistics, 1979-2012 minimum wage jobs comprise an average of about 60% of all hourly jobs for any given year, but guess what percentage of workers over the age of 16 make minimum wage or less?

In 2012 a whopping 4.7 per cent of the working population above the age of 16 earned at or below minimum wage nation-wide. In California, only 1.4 per cent.

[Source: www.bls.gov/opub/ted/2013/ted 20130325]

Why such a small percentage? Because the majority of those workers are in transition to better jobs, better pay, and the minimum wage jobs have an unsurprisingly high turnover rate. Who wants to scrub pots at Denny’s for the rest of their life, let alone for more than a year?

Which industries employ the majority of minimum wage earners?

Minimum Wage Bar Chart by Industry

[Source: www.bls.gov/opub/ted/2013/ted_20130325 ]

Agriculture is relatively insignificant, especially once you combine the Service/Retail percentages, and note that the Federal Government employs very few minimum wage earners.

Now let’s look at the make up of the minimum wage workforce, the nebulous 4.7 percent.

2013 Census Table 7

[Source http://www.bls.gov/cps/minwage2012tbls.htm#7]

Now let’s examine the age makeup of the 4.7 percent who make minimum wage or less.

Minimum Wage graph 1 ALL

Note that many workers in restaurants and hotels (waiters, waitresses, busboys, bellhops, etc.) often receive less than minimum wage, as they’re expected to make up the rest in tips. Tips account for a large percentage of income and workers typically earn more than minimum wage, sometimes a lot more in upscale venues. Since tips are un-monitored cash transactions, much of that income goes unreported. Let’s break it down a tad further.

The prevailing federal minimum wage in 1979 was $2.90, $3.10 in 1980, and $3.35 in 1981-89. The minimum wage rose to $3.80 on April 1, 1990, to $4.25 on April 1, 1991, to $4.75 on October 1, 1996, to $5.15 on September 1, 1997, to $5.85 on July 24, 2007, to $6.55 on July 24, 2008, and to $7.25 on July 24, 2009. When I checked Minimum Wage Job Numbers and correlated them with Minimum Wage Increases I found none, which suggests that employers covered the increased overhead with higher prices for goods and services in order to stay in business, and the costs were passed down to the consumer. The low income population takes another hit.

Minimum Wage graph 3 PCT Men and Women

Blue is for boys, pink is for girls. Statistics are not sexist.

I’m not an economist, and I’m also not a CPA, but I suspect the IRS gets something out of this scenario because the basic illogic of raising the minimum wage, especially in a sluggish economy, escapes me.

Who else benefits? Union leaders, long-march socialists and politicians whoring for votes.

Aside from the fact that the majority of the poor do not remain poor indefinitely (any more than the majority of the wealthy stay wealthy) raising the minimum wage gives people an incentive not to advance. If a worker finds that minimum wage meets or surpasses his/her current expenses, why not ride with it a few more years? The problem with that scenario is that the worker is not improving his/her resumé for those valuable “few years,” and by the time they realize it, they are years behind those who abandon minimum wage jobs, pick up new valuable skills, and naturally earn more. Those who choose to remain in low-skilled positions deny recent graduates the opportunity to find work, and the ladder to prosperity becomes stagnant.

Another scenario is of a family who needs a secondary income to give them a financial cushion during the expensive child-rearing years; or perhaps an elderly couple may not have saved enough for their retirement because their investments tanked; or simply because they choose not to retire.

Wage and price control is a socialist/fascist concept that has never worked because it creates more problems than it solves, and the problems it attempts to solve are non-existent in the free market. Pay a worker for the value of his/her work, and if there aren’t enough workers for the job, then you’re paying too little. Nobody wants to be a buck an hour pot scrubber for the rest of their life, but we’re still talking about only 4.7 percent of the working population, and most of those workers are moving up the ladder uninhibited.

There is also a macro-scenario that has to do with illegal immigrants and the Cloward-Piven Strategy that aims to overwhelm a stable government with free services provided and paid for by successful corporations, entrepreneurs and the common man, fomenting economic collapse and allowing Socialism/Communism/Fascism to prevail.

This road has always led to mass murder, without exception.

May God help our children and grandchildren if the progressives succeed.

Bunk

[Update: Fixed broken/missing links to graphs and stats. – Ed.]

Overheard At An ObamaCare Exchange

by Bunk Five Hawks X ( 213 Comments › )
Filed under Barack Obama, Business, Communism, Corruption, Cult of Obama, Democratic Party, Economy, Fascism, Health Care, Healthcare, History, Liberal Fascism, Open thread, Politics, Progressives, Regulation, Socialism, unemployment at November 14th, 2013 - 8:00 pm

“Hello, Ma’am. May I help you?”

“Yes, I’m here to sign up for ObamaCare because my insurance carrier dropped me.”

“I can help you with that, but I need some information first. I need your age, weight, height, current medical status and your Social Security ID card with an ID.”

“Here’s my card and my driver’s license. I’m 67, 5′-7″, 210 lbs., diabetic, smoker, varicose veins, and have high blood pressure.”

“Do you drink alcohol?”

“All I can get.”

“Do you own a firearm?”

“What? Yes I do. For self defense.”

“Huh. Are you aware that ObamaCare provides free contraceptives and coverage for pregnancy?

“I’ve had a hysterectomy.”

“That doesn’t matter, because you’ll still be covered just in case. Who did you vote for in the last presidential election?”

“What does that have to do with medical insurance?”

“I’m sorry, Ma’am, but I need that information to process your enrollment.”

“I voted for Mitt Romney.”

“Okay. I’ve got your info entered and it looks like you qualify for ObamaCare Plan 9.
Please proceed down the hall to Waiting Room 2, Door 314, and an ObamaCaregiver will be with you shortly. Have a nice day.”

ObamaCare Exit

What a bizarre nightmare of bureaucratic fascism Obamacare has become. It has nothing to do with so-called “affordable health care” because it’s more insidious than that. Look beyond the facade of the ObamaCare website fiasco, and there’s nothing but expensive darkness, economic gloom, substandard medical care and more.

Make no mistake, the aging “baby boomer” generation, those of us born between 1946 and 1964, are the targets, because we’re old enough to remember atrocities perpetrated by the Left here and abroad. ObamaCare is just another vehicle designed to erase the past in order to promote a radical leftist agenda, and it’s got lethal teeth.

People still wonder how mass murderers like Lenin, Stalin, Mao, Hitler, Ho Chi Minh & Pol Pot came to power and killed off millions of their own people. We’re witnessing the same process today, via a clever but insidious program known as ObamaCare, and that’s not hyperbole. If ObamaCare is fully enacted, the Missus and I will suffer, but I worry for my kids who will suffer more, because they won’t know why.

Teach Your Children Well.

[Crossposted here, just because.]

Ben Bernanke Is An Idiot

by Bunk Five Hawks X ( 8 Comments › )
Filed under Barack Obama, Charity, Communism, Corruption, Democratic Party, Economy, Education, Elections, Elections 2012, government, History, Marxism, Media, Nazism, Politics, Progressives, Religion, Socialism, Special Report, World at September 15th, 2012 - 11:00 am


[via]
How does a country that is epiglottisly deep in debt get out of it? Soak the taxpayers. Raise taxes and depress the economy even more. Keep investors hunkered down. As if things aren’t bad enough, what Bernanke’s proposing is likely to create inflation – that fortunately has been stagnant for years. Yeah, that’s the ticket to prosperity.

Anyone notice that big money players (like Warren Buffett, George Soros, George Paulson & Vladimir Putin) are buying up gold and precious metals like insane cat collectors? There’s a reason. They all know what’s coming down – a world-wide depression, thanks to an insane U.S. fiscal policy, set up by the Democrat-controlled Congress under the Bush administration, then promoted and promulgated by the Obama Regime.

And it IS a Regime.

Although the regime is sometimes hidden and not in front of the cameras of the general public, it has been aiding and abetting the radical left for decades, with a very patient step-by-step procedure. Although the names change, the mission is the same.

China didn’t fall to communism overnight. Neither did Russia fall immediately. Even the National Socialists began as an unpopular splinter group in Germany. It took decades and more before these evil regimes were accepted as a bunch of good guys looking out for the best interests of the populace.

Infiltrate the universities and schools. Check.
Indoctrinate the next generation. Check.
Infiltrate the main stream media. Check.
Install radicals in high positions of authority. Check
Create a large class dependent upon government for subsistance. Check.
Demonize the wealthy and successful. Work in progress.
Attack and ban religion and charity. Work in progress.

Once those simple tasks have been accomplished, the elites can take over and may God help us.

May God have pity on the rest of the world too, because if what this Regime wants comes to pass, the United States of America, the most successful nation in history, the most charitable nation in history, the most powerful nation in history, will not be able to help them any longer.

And Ben Bernanke is providing one more step on that path to the economic destruction of this great country.