05-23-2016, 09:41 AM
But Trump's Malthusian policies would render any statutory minimum wage irrelevant - since even the most menial jobs would command even higher wages than any political faction would advocate raising the statutory minimum wage to.
And we know this to be the case because of what happened in the 1920s: Two years after cutting off essentially all immigration in 1924, unemployment plummeted to less than 2% and everybody ran off and bought cars and radios, and wired up their homes for electricity and telephone service; if their wages hadn't skyrocketed, they would hardly have been able to afford to buy and do these things.
And we know this to be the case because of what happened in the 1920s: Two years after cutting off essentially all immigration in 1924, unemployment plummeted to less than 2% and everybody ran off and bought cars and radios, and wired up their homes for electricity and telephone service; if their wages hadn't skyrocketed, they would hardly have been able to afford to buy and do these things.
"These, and many other matters which might be noticed, add a volume of unofficial declarations to the mass of organic utterances that this is a Christian nation" - Justice David Brewer, Church of the Holy Trinity v. United States, 1892