The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.
Showing posts with label Minimum Wage Laws. Show all posts
Showing posts with label Minimum Wage Laws. Show all posts

Thursday, July 11, 2013

The Daily GOP Ignominious: Charles Koch Says Get Rid Of Minimum Wage Laws!


David and Charles Koch..they would be king!
One of the worlds most wealthy billionaires has come completely out of the "wage"  closet and declared eliminating the minimum wage will help the poor. Charles Koch has sprinkled a bit more oral plutocracy and "Hunger Game" rhetoric across the land. In essence, he commented the poor would be better off with no minimum wage laws on Federals Fair Labor Standards Act (FLSA) Registers. (Linked below).

The National Minimum Wage is $7.25 per hour , equivalent to $15,080 per year (without overtime pay at 1.5 times the hourly rate...that Eric Cantor would eliminate).  The US Congress allowed the rate to sit at $5.15 per hour for approximately 20 years. US companies had to love the $5.15 rate, even though a vast majority of companies paid much higher minimum wage rates; a reality forced by labor (Unions) and pay rate competitiveness. Yet, millions lived with the minimum wage at $5.15 per hour until it was raised to the current rate of $7.25 per hour. In many cases state minimum wage rates are higher than the national minimum wage.  

How does the current minimum wage compare against income levels considered to be "impoverished?" 

About Dot Com
Federal Poverty Level:
For 2013, the Federal poverty guideline is an annual income of $23,550 for a family of four. This is the most commonly used statistic. Add $4,020 for each additional person to compute the Federal poverty level for larger families. Subtract $4,020 per person to compute it for smaller families. For example, a single-person household is considered poor if his or her income is $11,490 or less. These are the guidelines for the 48 contiguous states. Guidelines for Alaska and Hawaii are a little higher, since it is more expensive to live there. The Federal poverty level is updated every year to keep up with price increases in the previous year. For more, see How the Poverty Level Accounts for Inflation.
A quick question. Do you believe there are families in the United States with a one income earners earning minimum wage or close to minimum wage? Let's complicate the scenario with a family with three to four kids vs two kids. The answer is obvious and it is so obvious the family is impoverished.

The Koch Brother's net-worth compared to history of middle America's earnings is stark and illustrative of corporate plutocracy, greed and opulent personal gain at the expense of the masses. 

 


The Koch Brothers are an upper crust elitist (like Mitt Romney only far more wealthy) who have never wanted for anything. Their grandparents were instrumental in the Third Reich with the grandmother having connection to concentration camps. Their grandfather was reported to have worked in the Stalin Regime before entry into the United States and after showing evidence of anti-communism.".  The Koch lineage included a father who facilitated a inheritance in the billions (per kid), and he left them the mindset and paradigm that facilitated his serving as a co-founder of the John Birch Society. 

We assert the brothers, all three, are of one mindset. The mindset of the conservative billionaire with social views that may not have affinity for any demographic group other than white males and personal opportunity to earn more millions.

Charles Koch espouses eliminating the minimum wage to help the poor. we suggest his comments are the "Oxymoron of 2013."

Think Progress 
Billionaire Koch Brother Says Eliminating The Minimum Wage Will Help The Poor 
By Rebecca Leber on Jul 10, 2013 at 4:23 pm
A conservative mogul worth $43 billion says he knows the secret to helping poor people. According to Charles Koch, the U.S. needs to get rid of the minimum wage, which he counts as a major obstacle to economic growth. 
On Wednesday, the Charles Koch Foundation launched a $200,000 media campaign in Wichita, Kansas, with a hint of expanding it elsewhere. It is the Kochs’ biggest media buy since they promised to do more to “persuade politicians” after suffering losses in the 2012 election. 
In an interview with the Wichita Eagle published Tuesday, Koch said that the minimum wage is one policy he is working against: 
We want to do a better job of raising up the disadvantaged and the poorest in this country, rather than saying ‘Oh, we’re just fine now.’ We’re not saying that at all. What we’re saying is, we need to analyze all these additional policies, these subsidies, this cronyism, this avalanche of regulations, all these things that are creating a culture of dependency. And like permitting, to start a business, in many cities, to drive a taxicab, to become a hairdresser. Anything that people with limited capital can do to raise themselves up, they keep throwing obstacles in their way. And so we’ve got to clear those out. Or the minimum wage. Or anything that reduces the mobility of labor.
Read more

Charles Koch practices pure unadulterated sophism. His point may sound rational to millions who subscribe to his forms of Libertarianism, his far right conservatism, and his predominately white male GOP. His point is factually ridiculous in practicality and application. How about one basic question for Charles Koch?  Before we pose the question, we know that it could take years for pay erosion to kick-in once the minimum wage laws are stricken from the FLSA Registers. That is a given. Companies cannot and will not summarily "roll-back" wages like a Wal-mart Rollback sale.  The lowered wages will evolve over time and your younger loved ones or friends will suffer most.  Another perspective is embedded in my question.  

"Will Charles and David Koch order their corporations to across the board lower prices commensurate with lowering of the minimum wage?"  Of course, they will not order such. In fact, before the full impact of Charles Koch's ridiculous comments would be come reality, he would have passed on to a place beyond this life. Thus another far right demagogue corporatist would leave a legacy that could only benefit corporations. Part of his false premise would include deductive reasoning that   reducing costs will lead to lower prices. Of course, now sell me same land in the Florida Everglades, Mr. Koch!

I can actually visualize corporate strategies focused on rewarding executives for creative ways to lower wages after the defunct federal minimum wage.

After seeing and reading comments from Charles Koch,  is there any wonder Eric Cantor has gone public with asinine comments, and possible legislation about eliminating over-time pay? 

If you know of the American Legislative Exchange Council (ALEC), and its support from the Koch Brothers, is there any need to seriously contemplate the logic of Charles Koch's point and Eric Cantor's servitude via marching to drums that benefit the mega wealthy vs the needs of families?


.....AND THE BAND PLAYS ON.....





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