Wednesday, March 30, 2005

Minimum Wage
Case Studies on the Minimum Wage

An important Read for Any interested in the Minimum Wage issue. The Author disagrees with the article, though, for the following reasons; this is a Case where it remains a evaluative Issue. Minimum Wage finds validation, not for some equalization of Power between Employer and Employee, but to forestall the Substitute Good of Social welfare. Insufficient Wages means higher Housing subsidies, Food Stamp Costs, higher Utilities assistance, and increased Medicaid Costs. The Article used Business experience dealing only with Workers who had Secondary sources of Income. The Economic model matrix for Minimum Wage effect upon Secondary Income Labor differs markedly from Primary Income Labor. The trouble arises in the fact that Minimum Wage legislation affects both Classes of Labor equally, though with vastly separated effects.

Secondary Income Employment suffers sharply in Job losses from rise in the Minimum Wage, while actual Primary Income Employment increase with higher than Minimum Wage income due to their greater Productivity. Primary Income Employment rarely endures Job losses from Minimum Wage increases, at the level of Minimum Wage recipients, due to their necessary occupational effort; None can be hired for less than Minimum Wage, and the Labor still must be performed. The Net sum should actually be an increase in Primary Income Employment, with Secondary Income Employment still thriving in Occupational areas where Primary Income Employment remain unviable.

March 2005 GAO-05-253
Federal Agencies’ Funding in the
United States and Abroad

The United Nations estimates that, worldwide, more than 1 billion people live without access to clean drinking water and over 2.4 billion people lack the basic sanitation needed for human health. Freshwater supply shortages—already evident in the drought-ridden western United States—pose serious challenges and can have economic, social, and environmental consequences.

Fresh Water will become a Vital issue with Population increase. The United States Government is estimated to have spent $52 billion on Fresh Water between 200-2004. The United States will not remain immune from the Fresh Water needs of the Future; a Need which will rival the quest for Oil within a decade. Fresh Water Supply and Development had better become a Priority in the minds of Readers and Economists, before Outcomes start inflicting losses to human life and economic productivity. lgl


who2244 said...

Hi Lawrance George Lux, I am enjoying some idle time and looking to see what Permanent Income will bring up. Minimum Wage is certainly interesting and informative. Permanent Income is a good word to bring into the conversation. Great post. Enjoy your day!

who2244 said...

Hi Lawrance George Lux, it’s late in the evening, quiet and peaceful. This is good computer time for me. I thought I would check on Residual Cash Flow and see what came up. Minimum Wage is something that is interesting to many people. I will also spend a little time checking on Residual Cash Flow. Getting late, have a good evening.