Thursday, June 26, 2008

John McCain

Comparing People to Hitler

Comparing people to Hitler is an easy way for white people to get a strong point across to the less enlightened, or the insufficiently white. Everyone knows who Adolf Hitler was. And everyone knows that Hitler was very, very bad..... No matter what your gut reaction may be at that point, do not disagree with that white person. Otherwise, well, you love Hitler....

It's also critical that you avoid the fatal mistake of getting creative and comparing people you don’t like to other evil dictators, such as Joseph Stalin or Fidel Castro. With few exceptions, white people are actually fond of almost any dictator not named Hitler, and your remark that "this is just like something Mao Zedong would do" will be met with blank stares and possible social alienation. This is because, with the exception of Hitler, oppressive dictators share a passion for many of the things white people love- such as universal health care, conspiracy theories, caring about poor people while being filthy rich, and cool hats. Stick to the script and compare things you don’t like to Hitler, and Hitler alone.

Monday, June 09, 2008

Unemployment Numbers

Ask yourself a few questions: Why did unemployment surge at a time when unemployment compensation claims are historically low (only 49,000 workers lost their jobs)? More to the point, how could unemployment spike this much without a coinciding spike in corporate lay-offs?

The answer to all of these questions is same: because very few people lost jobs last month. This huge jump in the size of the unemployed comes from new entrants to the economy – hundreds of thousands of them. In short, well over 600,000 people who were not job seekers in April became job seekers in May. And who starts looking for work at the end of Spring? That’s right – students. Hundreds of thousands of students are looking for work right now, and they’re not finding it.

Congress is to blame. Last year Congressional Democrats (along with some RHINO Republicans) passed the Fair Minimum Wage Act of 2007, which started a phased hike of the minimum wage from $5.15 an hour to $7.25. Free market economists warned them that this would increase unemployment – that rapid increases in unemployment compensation hit teens and minorities the hardest. But the class-warriors are running the people’s house now, and they would hear none of that, so they took to the floor, let loose the dogs of demagoguery, and saddled America’s pizza parlors, municipal swimming pools, house painting businesses and lawn mowing services with a huge cost increase.

Who got hurt? Overwhelmingly, the job seekers who could not gain employment were teenagers and African-Americans. Those of us who argued against a minimum-wage increase had predicted that exact outcome. Thus, the real story here is unemployment among entry-level workers to the employment system. In summer, teenagers and college students enter the marketplace looking for seasonal and part-time work. This accounts for the significant rise in job-seekers and the 0.4% increase in unemployment. Otherwise, an overall job loss of 49,000 jobs would account for a 0.04% increase in a market of 138 million workers.

Why have these new job seekers found it difficult to get jobs? As stated, the reason is that Congress made jobs costlier just in time for this economic slowdown.

Let's look at the numbers closely: Congress raised the minimum wage last year by seventy cents an hour, from $5.15 to $5.85. It will rise again in July to $6.55 an hour, and next year will hit $7.25 per hour. That makes entry-level labor as much as 27% more expensive this summer, when consumers have already slowed down their spending.

The natural loss of work from the slowdown amplifies the effect of the minimum-wage increase, because businesses now cannot afford to raise prices to maintain their entry-level positions.