For instance, the University of Michigan, points out that if the required wage for each employee is increased by $2,500 on a yearly basis, the total increase in annual salaries (excluding benefits) would conservatively be one million dollars, which is unsustainable.
Isn't the left always saying "if you can't stay in business if you can't afford to pay a living wage you don't deserve to stay in business"? Enjoy being hoisted by your own petard.
Yep, and I was about to quote that very paragraph. What they're really saying here is they hired tons of foreigners over citizens and now don't want to pay them a living wage. Meanwhile the University of Michigan charges $16k a year tuition for in state and $54k a year out of state.
Everything they said was true. These arbitrarily increased salaries do nothing but make labor uncompetative, and it hurts the poor who are unable to get jobs. Why do we have mandatory minimum wages at all? I agree with UofM. Let's just end these unsustainable minimum wage laws.
"Raising the minimum wage will make us unprofitable" is an argument they'd never accept if it was being made by ExxonMobil, is my point. It's one of the reasons I have such disdain for universities: they operate like AnCap robber-barons while simultaneously decrying these same practices as "cruel and heartless" when private industry does it.
The worst part is, I know that the argument is true, but they may be so ideologically possessed by leftism that they think it isn't true, and they are arguing a true position from bad faith.
This isn't about minimum wage, it's about the minimum wage for H1B workers, which is substantially higher.
The H1B scheme is officially there to allow recruitment of foreign workers that bring skillsets unavailable to a company hiring locally. So if H1B is implemented and applied correctly, the workers on those visas have skills that local Americans lack, so it's very reasonable to expect that they'd be paid more than minimum wage.
The argument that the cost of those workers is unsustainable should be turned around and countered with a suggestion that if the University of Michigan (and others) can't train Americans to do those jobs for less, then the H1B wages at the higher rate are indeed fair.
Obviously it's not about minimum wage, I'm just using that pretense as a weapon.
The H1B system is about using Corporate Colonialism in order to create a corporate plantation where the migrants can be crafted into a dependent wage/entitlement slave class that forms a loyal voting block, and then they can be kept in close proximity to the plantation where competition for labor can be extremely high (keeping their overall pay buttressed up against the minimum wage). That way, wages never rise on the plantation, and competitors can't hire cheaper labor with all the unemployed people.
The cost of H1B's being unsustainable is simply a complaint by the corporatists that their wage slaves are too expensive, and the entitlement system needs to be loosened.
In reality, the immigration should be ended, and the entitlement system should be smashed. If we do that, they will find that American labor is cheaper than international labor, and faster to develop. This will cause American worker's wages to rise generally with experience and human capital, until the labor pool gets to a point where the entry level workers have a shortage, and their wages naturally increase in order to fill demand.
I'm sure they could easily find a few millions just by cutting jobs that do not have any value whatsoever. I'd start with the diversity officers and all the positions that are for women only.
Isn't the left always saying "if you can't stay in business if you can't afford to pay a living wage you don't deserve to stay in business"? Enjoy being hoisted by your own petard.
Yep, and I was about to quote that very paragraph. What they're really saying here is they hired tons of foreigners over citizens and now don't want to pay them a living wage. Meanwhile the University of Michigan charges $16k a year tuition for in state and $54k a year out of state.
No no. They're completely right.
Everything they said was true. These arbitrarily increased salaries do nothing but make labor uncompetative, and it hurts the poor who are unable to get jobs. Why do we have mandatory minimum wages at all? I agree with UofM. Let's just end these unsustainable minimum wage laws.
"Raising the minimum wage will make us unprofitable" is an argument they'd never accept if it was being made by ExxonMobil, is my point. It's one of the reasons I have such disdain for universities: they operate like AnCap robber-barons while simultaneously decrying these same practices as "cruel and heartless" when private industry does it.
The worst part is, I know that the argument is true, but they may be so ideologically possessed by leftism that they think it isn't true, and they are arguing a true position from bad faith.
This isn't about minimum wage, it's about the minimum wage for H1B workers, which is substantially higher.
The H1B scheme is officially there to allow recruitment of foreign workers that bring skillsets unavailable to a company hiring locally. So if H1B is implemented and applied correctly, the workers on those visas have skills that local Americans lack, so it's very reasonable to expect that they'd be paid more than minimum wage.
The argument that the cost of those workers is unsustainable should be turned around and countered with a suggestion that if the University of Michigan (and others) can't train Americans to do those jobs for less, then the H1B wages at the higher rate are indeed fair.
Obviously it's not about minimum wage, I'm just using that pretense as a weapon.
The H1B system is about using Corporate Colonialism in order to create a corporate plantation where the migrants can be crafted into a dependent wage/entitlement slave class that forms a loyal voting block, and then they can be kept in close proximity to the plantation where competition for labor can be extremely high (keeping their overall pay buttressed up against the minimum wage). That way, wages never rise on the plantation, and competitors can't hire cheaper labor with all the unemployed people.
The cost of H1B's being unsustainable is simply a complaint by the corporatists that their wage slaves are too expensive, and the entitlement system needs to be loosened.
In reality, the immigration should be ended, and the entitlement system should be smashed. If we do that, they will find that American labor is cheaper than international labor, and faster to develop. This will cause American worker's wages to rise generally with experience and human capital, until the labor pool gets to a point where the entry level workers have a shortage, and their wages naturally increase in order to fill demand.
I'm sure they could easily find a few millions just by cutting jobs that do not have any value whatsoever. I'd start with the diversity officers and all the positions that are for women only.
Hire American or perish.