BILL CHERRY'S GREATEST DALLAS PARK CITIES REAL ESTATE BLOG: That Americans Won't Take Jobs Is a Bankrupt Idea.

That Americans Won't Take Jobs Is a Bankrupt Idea.

One of the flaws of the US economic system is that it has never operated without some kind of slave labor.

For this example, let's assume that slave labor is labor that depends on those who are economically unfortunate.  Those who manipulate and hire the unfortunate fit the broad definition of being predators.

Purposely imported slaves from Africa, child labor, citizens who were not taught to read and write or a trade, Mexicans leaving their depressed country where being a US slave is better than for them than staying in Mexico, etc.

While laws of economics enforce the principal that at some price every job will be filled, business has never wished to fully accept that.  It isn't to the advantage of business.

It's that disbelief that is the genesis of the minimum wage. In reality a minimum wage law tinkers with how a free economy is able to efficiently work.

In most cases, the minimum wage is not only what the employer pays, but it needs to include the various governmental benefits that attempt to make up what each of those minimum wage employees need to live on.

Using the flacious opinion that allowing the free importing of aliens to the US is important to the the country's economy  because it allows employers to fill jobs that "Americans are unwilling to fill" is total nonsense.

They are unwilling to fill them because their personal economy doesn't require it.

Continuing the status quo "Americans are unwilling to fill..."a  mathematical product that actually economically hurts substantially more than it helps, and at some point, that can't be sustained; then what?

The US needs to believe that its economy will work on its own if allowed to float naturally rather than be tricked into some sort of hybrid formula.

 

BILL CHERRY, REALTOR

Since 1966

Dallas

214 503-8563

Education.

Tulane University
University of North Texas
Washington University Graduate School of Business
University of North Texas Graduate School of Arts and Sciences
Rice University Jesse Jones Graduate School of Administration
Chartered Life Underwriter (CLU)
American Institute of Banking Commercial Lending

Ph.D. Business – Economics and International Finance

 

 

 

 

 

 

Comment balloon 0 commentsBILL CHERRY • January 31 2017 05:31PM

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