A fast food job today resembles the work that not long ago, helped students through college; today, the students rely on government secured loans and the jobs are filled by “immigrans.” That’s destructive for both cases.
The loans mean that graduates face years of indentured servitude and the industrialization of wetbacks has foreclosed entry labor jobs for U.S. citizens. And now, President Obama and his union allies are trying to destabilize the entry level labor market by forcing higher wages upon the fast food industry.
The President is unrolling a substantial increase in the minimum wage while the SEIU (Service Employees International Union), having failed in trying for massive fast food strikes over the last couple of years, is switching to ‘rent-a-mob’ street riots to accomplish its goal of increased fast food wages … shades of the Great Depression! These tactics ignore some economic realities, not that such a posture is rare among politicians.
Entry level work performed by young beginning workers works; replace those with older ‘immigrants’ with families and you have a class of impoverished workers. Use government to force the wages above what the work is worth in the market and you have a distorted economy. The higher wages must be paid from higher prices, which reduce sales. Reduced sales, reduce employment. It’s a political illusion; do the math!
While the Prez is with one hand, pushing for higher wages, he is with the other, swelling the supply of ‘immigrant’ workers. That tends to lower wages. The Prez seems a bit confused … Or perhaps that’s why he seems to be hiding the ongoing inflow of illegals.
This meddling with economics has never worked; the only long term result is poverty as Venezuela is presently discovering — the next bowling pin in line after the economic collapse of the Soviets. And the Prez and his Dems economic fast food fantasy is already doomed by the advent of a new robotic burger maker that can turn out 360 burgers per hour. The politicians can repeal common sense but they can’t repeal economics in the long run.
And these clearly confused, ignorant or just irresponsible people have appointed themselves in charge of the U.S. economy! No wonder it’s sagging toward poverty …