Higher minimum wage will kill entry-level jobs and economic growth

[pbrower2a]

(04-25-2021, 11:10 PM)Bob Butler 54 Wrote: Since the progressive era ended, we did have headaches with the conservatives in general and libertarians in particular.  With Biden's 100 days about ending, perhaps we are passing the regeneracy and getting into the heart of the crisis.  Lots of low hanging fruit, and then we have to get down to work.  It is sort of natural that the problems have come to a head.  What do you expect when the conservatives have been dominant so long?  But still, you have the opposite beliefs.  A bunch of people with conservative and libertarian beliefs are dismayed that they are no longer able to press their philosophy.  So they whine and cry a lot.

In the middle of the regeneracy?  The cops must have immunity to murder?  We must have the liberty to murder people and not wear masks?  We have to keep up precautions against the terrorists, especially the red ones?

But some still live in never never land.

If Skowronek's theory is right, then we are in for a very new era of politics and economics that themselves reflect technological change that makes scarcity unnecessary. Management by fear will become pointless. Sweating people for the sake of tycoon profits and stratospheric compensation for executives will be impossible. We will probably even see a reversal of the concentration of opportunity in a few places. If you can work remotely, then you can as easily work in Fredericksburg, Virginia or Fredericksburg, Texas.  

We will see a more humanistic America and one less plutocratic. Much of what many of us put our efforts into, like buying status symbols, will become pointless. We will work fewer hours to meet basic needs -- maybe even property rent. 

The Internet may have been around for about 25 years as something available, and we have yet to fully figure out how to use it to the fullest. Much of the information superhighway has become a pricey toll road, with much that used to be free (like access to news) having a paywall. So it was with satellite television in which one descrambler that allowed one to get TBS also get HBO. TBS charged less, so that was going to change. Businesses will need to find ways of getting around consumer resistance to pay for what was recently free. But cable and satellite TV are far more rigid than the Internet. 

We are going to use the Internet for creative activities from writing to visual art to musical performance. It will be a good library and provide museum-like access. 

...We had an abortive Regeneracy in the first two years of the Obama Administration before the Master Class bought one part of the political process after another until we ended with the Degenerate One. But maybe we have the Regeneracy that sticks this time because the demographics are with it. 

I look at the word Regeneracy and I see its antithesis, Degeneracy (a word more in far use)... or amputation. To regenerate is to restore what was lost or corrupted... and much is lost and corrupted in a 3T. I look at the 3T and I see the shopping-mall "culture", thoroughly-mindless entertainment, bad business practices (as in the savings-and-loot activity in the 1980's, Enrob Corporation, and Bernie Made-Off. Glitz and mindless entertainment become boring after a few years, and those become unwelcome to those who may have known those best -- the participants of the time. I look at the 1920's as the final stage of the previous 3T and note the complete absence of nostalgia for the 1920's. OK, George Gershwin, Giacomo Puccini, Jelly Roll Morton, and the better silent movies were quite good... but the most of the cultural ephemera of the 1920's has been fully composted by now. 

  

Arguably the worst bilge of the time. 

I remember the Lost when they were around in large numbers. It was not for a lack of funds that they did not buy into nostalgia of the 1920's. Many had the means, or someone might have given it to them as a gift had they asked. They did not want it. All that they missed about the 1920's was their long-past youth. The 1930's may have been hard times, but at least the entertainment was often family-friendly and sophisticated at the same time.