I am a creature of emotional impulse. A left leaning poh boy growing up who often shot first and did not get around to asking questions, even later.
I age. Another white hair pops out of my chinny chin chin and other areas. I hunger more and more for thoughtful argument instead of cheer leading. My beliefs have been just that. Emotional landmarks, not based on facts, an oozy sense the 'man' was out to get us all.
If we are lucky enough to get a bit leathered in this short life, we can become either more set in our ways or more reflective not everything or anything is what it seems. A writer I've found and enjoy is Russell Roberts, on the Cafe Hayek Blog he contributes to. Many of the Post headlines are exactly the opposite of my held beliefs. But read Roberts, and you find he simply presents facts to back up the post title. The point is consider facts in forming opinions. Reading Roberts, I find my assumptions are not correct. I like that. Here is a recent post by Russel Roberts on Cafe Hayek reflecting on the Minimum Wage, something I've always supported raising:
The point about minimum wages
Russell Roberts
Some people seem to have misunderstood the point about this post on minimum wages. The point was simple. A lot of people I speak to, not just "regular" students, but legislators and journalists who I sometimes teach, think that only regulations or unions keep businesses from exploiting workers. They are shocked to discover that less than 10% of the private work force is unionized and that somehow, most workers, something over 96%, maybe closer to 99%, manage to make more than the minimum. Usually half of these groups when I survey them think that at least (at least!) 20% of the work force earns the minimum wage or less and that only legislation keeps it from being lower. But legislation turns out to be relatively unimportant compared to supply and demand—that is, competition. if you try to pay less than the going rate for the skills you want to hire, you can't attract workers.
Meanwhile, Tim Worstall points out something I missed:
Unfortunately, on the page he’s taken his information from he’s missed one thing which makes his case even stronger.
Nearly three in four workers earning $5.15 or less in 2006 were employed in service occupations, mostly in food preparation and service jobs.
That’s your waitron units and barkeeps folks. And what do we know about people who do these sorts of jobs? Well, perhaps you have to have actually done them (as I have, everything from the graveyard shift in a Denny’s to tending bar around the corner from this guy’s place): they all make tips. In fact, so much so that there is (or at least used to be when that BLS report was prepared) a special minimum wage for those in such jobs, one lower than the official Federal minimum wage.
For example, way back when, the min. wage was $3.35 an hour. Waiters got $2.01. You didn’t really care because even serving pancakes at 5 am you made another $25-$30 a shift ($50-$150 in a decent place). Barkeeps got $3.35 plus tips.
The BLS numbers are reporting what employers paid employees, not what people are actually earning. So we might in fact say that while the number being paid the minimum wage or less is 2.2% of the workforce, the number actually earning that figure is more like 0.5%.
-- Posted by Permission from Cafe Hayek
http://www.cafehayek.typepad.com/



Barney Moran

Barney Moran
Barney Moran
Grateful Web Renaissance People: 

The 
