Minimum wage, maximum absurdity.ITEM: The CNN/Money website for October 25 reported: "Wal-Mart CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Lee Scott
H. Lee Scott, Jr. is the current president and chief executive officer of Wal-Mart Stores, Inc. said he's urging Congress to consider raising the minimum wage so that Wal-Mart customers don't have to struggle paycheck to paycheck. Scott told Wal-Mart directors and executives in a speech Monday that he believes 'it is time for Congress to take a look at the minimum wage and other legislation that can help working families.'" Critics seemed unimpressed, said the report. "As the world's largest retailer and largest U.S. non-union private sector employer with more than 1.3 million 'associates' in its U.S. stores, Wal-Mart has been a lightning rod lightning rod, a rod made of materials, especially metals, that are good conductors of electricity, which is mounted on top of a building or other structure and attached to the ground by a cable. for criticism about its wage and benefits policy as well as lawsuits alleging gender discrimination. It continues to draw fire for allegedly stifling small businesses and squeezing its vendors." ITEM: Writing for the Hearst newspapers, Helen Thomas Helen Thomas (born August 4, 1920) is a noted news service reporter, a Hearst Newspapers columnist, and member of the White House Press Corps. She served for fifty-seven years as a correspondent and White House bureau chief for United Press International (UPI). reported on October 28 that the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. senators, "who draw salaries of $162,100 a year and enjoy a raft of perks--have rejected a minimum wage hike from $5.15 an hour to $6.25 for blue-collar workers. Can you believe it?" Senator Edward Kennedy (D-Mass.), who sponsored the raise in the minimum wage, "called the vote 'absolutely unconscionable Unusually harsh and shocking to the conscience; that which is so grossly unfair that a court will proscribe it. When a court uses the word unconscionable to describe conduct, it means that the conduct does not conform to the dictates of conscience. .'" Thomas' article in the San Mateo San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. County Times (Calif) continued: "AFL-CIO AFL-CIO: see American Federation of Labor and Congress of Industrial Organizations. AFL-CIO in full American Federation of Labor-Congress of Industrial Organizations U.S. president John Sweeney John Sweeney is the name of:
CORRECTION: There are several double games at play here. Liberals, particularly in the media, continue to maintain the fiction that mandating a raise of the minimum wage is nothing but an unambiguous boon to society. However, the numerous critics of Wal-Mart are uncomfortable because it also supports a raise in the minimum wage, and so they resort to saying that, because the company is not giving raises to all its workers, its action is hypocritical and a publicity stunt. Does Wal-Mart really believe it can win over its left-wing enemies in this fashion? Probably not. It seems more likely that Wal-Mart is willing to play along with the myths associated with the benefits of raising the minimum wage because if the minimum wage actually were raised, it would hurt its competitors. Indeed, the Wall Street Journal also commented that the retailer's political move amounts to asking for "a hike in the labor costs of its smaller rivals, not to mention any potential start-ups. Wal-Mart already pays its workers an average hourly wage of close to $10 and so Mr. Scott is essentially asking Congress to strengthen its competitive advantage." The posturing doesn't end there. Senator Kennedy, for his part, said the minimum wage needed to be raised to deal with the effects of Hurricane Katrina and to help single mothers and poor minorities. The facts are otherwise. The Employment Policies Institute (EPI EPI exocrine pancreatic insufficiency. ) observes that "only 8 percent of the beneficiaries from [Kennedy's] wage increase will be single mothers, and only 4 percent will be single mothers in poverty." The senator also ignores the significant body of research, says EPI, that demonstrates that "American young adults suffer four times more employment loss from a minimum wage increase than other affected employees. In the four states affected by the hurricane, this would amount to another disaster." Economist Walter Williams, among others, has explained that the "idea that minimum-wage legislation is an anti-poverty tool is simply sheer nonsense." As Williams put it sardonically earlier this year: "Were it an anti-poverty weapon, we might save loads of foreign aid expenditures simply by advising legislators in the world's poorest countries, such as Haiti, Bangladesh and Ethiopia, to legislate higher minimum wages." There is also genuine hypocrisy at play when the bosses of organized labor Organized Labor An association of workers united as a single, representative entity for the purpose of improving the workers' economic status and working conditions through collective bargaining with employers. Also known as "unions". come out for increases in the minimum wage. As most economists agree, such a mandate generally increases unemployment for those who are not in labor unions. Indeed, Professor Thomas Sowell, in his book Basic Economics, recalls that minimum-wage laws "were once advocated explicitly because of the likelihood that they would reduce or eliminate competition of certain minorities"--such as the Japanese in Canada, or blacks in the U.S. or South Africa. The pretentious dissembling dis·sem·ble v. dis·sem·bled, dis·sem·bling, dis·sem·bles v.tr. 1. To disguise or conceal behind a false appearance. See Synonyms at disguise. 2. To make a false show of; feign. on this issue is remarkable. While none of the proponents of raising the mandatory minimum wage is willing to admit it, all are pushing policies that tend to hurt minorities, the unskilled, and the poor. |
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