ECONOMICS: 15$ minimum wage

Friday, September 19, 2014


Did the Fast Food Minimum Wage Strike Just Backfire?
September 8, 2014
By Matthew Burke

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TPNN radio host Tim Constantine of The Capitol Hill Show reports that the fast-food strikers have just shot themselves in the foot…big time.

“This company called Momentum Machines, has built a robot that could change the fast food industry forever,” announced Constantine. “The robot can slice toppings like tomatoes and pickles immediately before it places that slice onto your burger, so you get the freshest burger possible.” he reported following the Astroturf strikes organized by big labor unions and not necessarily even the workers of businesses like Burger King and McDonald’s.

“The robot is more consistent, more sanitary, and complains less, than your average worker,” Constantine explained.

“Here’s the kicker,” revealed Constantine: “The robot can produce 360 hamburgers per hour,” which equates to approximately one burger every ten seconds, much faster and efficiently than any human could.

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From an economic point of view, it’s a no brainer. 

Robot Burgger Makers are cheaper than “Human Resources”.

I’ve told the tale of AT&T and the Elevator Operators.

Those ladies were casualties of the Federal Minimum Wage diktat. I know one who never had the skills to get another job. Wonder who else that happened to?

Cui Bono?

So let’s look behind the scene as to why this ASTROTURF group is campaigning.

Clearly, the minimum wage burger flippers will be out of a job faster than you can say: “You want fries with that?”

Big Labor knows that a rise in the minimum wage will directly escalate the Union wage scale. And bureaucrats know that the Gooferment pay scales will all rise to “compete”. Big Unions knows bigger paychecks means bigger Union dues.

So once again, we find the roots of the “minimum wage problem”.

Now dare I say this is a racial or “Social Justice” issue. Not for it, but against it. What is the Black Youth Unemployment rate? Will increasing the minimum wage decrease that? Not likely! And, how is it justice to put people on the dole. 

Talk about “moral hazard”? It’s not even close. 


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ECONOMICS: Workers and Customers align

Wednesday, September 3, 2014

Ex-CEO to buy majority stake in New England supermarket chain, ending worker protests | Fox News

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Who says that Workers and Customers can NOT align their interests for good products and services?

The invisible hand of the marketplace has slapped down “ownership”.

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ECONOMICS: Tom Woods give a clear definition and distinction

Tuesday, July 29, 2014

The Role of Austrian Economics in the Liberty Movement
July 22, 2014

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Tom Woods kicks-off this year’s Mises University with a brilliant discussion of the ‘Role of Austrian Economics in the Liberty Movement’.

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An interesting hour.

I was fascinated by his clear definition and distinction between “Austrian Economics” (i.e., von Mises et al.) and the “Liberty Movement” spawned by Ron Paul.

Are “we” a minority? Absolutely.

So were the Dead Old White Guys!

The interesting part is about “we are winning” because “our” ideas align more closely with reality that do the Keynesian Economics and the big Gooferment welfare / warfare state with it’s Crony Capitalism, corrupt politicians, and lifetime lazy bureaucrats.

On to New Hampshire, as part of the Free State Project ( to make it the FIRST truly “Free State”.


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ECONOMICS: Does anyone look at advertising?

Friday, December 13, 2013

FIOS, like all the others, have music channels.

(It’s better than coming into a dark quiet house alone.)

So for the most part, the music is white letters on a black background. 

In the “right half lower / upper window panel:, they put trivia and ads.

The ads are recycled from somewhere.

But they are colorful and garish.

And, they don’t sell (i.e., no UVP; no tie to the music; don’t ask for the sale).

So why bother.

Unless they are thrown in for free?

I think they are just a big negative!

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ECONOMICS: @tswif13 is cheaper in Chicago than NYC?

Tuesday, August 13, 2013

Home>Featured Articles>John Mayer
Are we seeing Taylor Swift’s ‘Red’ again?
August 08, 2013

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You are probably thinking, wait, pop star Taylor Swift is coming to town again? Nope, she hasn’t been here with “The Red” tour. You’ve just heard so much about it already, and there haven’t been too many music award shows recently that haven’t had a Swift performance or sighting that makes it feel like we’ve seen her already. But, really can you ever have enough of the fresh-faced, spry Swift? Sure, her pop music niche is not for everyone, but neither is Lady Gaga’s.

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Details: 6:30 p.m. Saturday at Soldier Field, 1410 S. Museum Campus Drive; $59.50-$99.50; 800-745-3000,

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Now there is no doubt that Ms. Swift (@tswift13 or Tay to us “swifties”) is an economic engine. A phenom! I’m curious to see if she can transition over time. (All the great women performers do — Dolly Parton, Reba, Madona!)

What I found interesting in this story is that the price range of Chigao tix was dramatically different that the NYC prices of 80 to 2500. (No scalpers!)

Either the Chicago story is wrong or there is a premium to going to New York.

Considering that the show is essentially the same — except for the special guest and the banter about the location — one wonders if it might not be a better experience to travel to the show in a cheaper region.

For example, I’d travel to Chicago to get on the floor or in the pit. But I wouldn’t pay 2500$; but I would pay $100.

Laff, yes old swifties are a sad lot trying to recapture our lost youth.

#tswift #tswift13

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ECONOMICS: Why a free market

Sunday, April 21, 2013

50 minute video of Tom Woods.

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Econmics: The recent IRA grab

Tuesday, April 9, 2013

Interesting discussion with my “financial” about the 3m$ cap on IRA/401Ks … …

… stupidity. Basically at that level, the poor befuddled individual is turning what could be captial gains — taxed at 15 or 20% — into ordinary income.

Not that the rich need advice from me!

But bullion — gold, silver, or even nickels — have a tendency to “disappear” off the radar.

Unfortunately, “Uncle” extracts every pound of flesh from IRAs and 401Ks.

Up to you, bit I prefer “magic”!



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