Thursday, July 02, 2015

Generosity with other people's money

Story one:
Today, President Obama will visit La Crosse, Wis., to make the case that the federal government should require employers to pay overtime to all salaried workers who earn less than $50,000 per year.

The proposal is the latest salvo in the nation’s broader debate about economic fairness, which intensified during the slow recovery from the 2009 recession. Only in the past year has U.S. joblessness dropped below pre-recession levels. Wage growth, meanwhile, has stagnated.
Story two:
Gov. Mark Dayton gave big raises to his cabinet Wednesday, prompting a swift attack from Republicans as he boosted the salaries of some agency commissioners overnight by 30 percent or more.

The raises for top executives, which go as high as $155,000, are far above those that rank-and-file state workers will receive. Recent contract agreements with the state’s two largest public employee unions resulted in 2.5 percent increases this year and next.

Observations? A few:

  • A safe bet -- Dayton's lackeys will get their money. The people Obama claims to help? Probably not that much.
  • I have no idea why the Leader of the Free World needed to fire up Air Force One and travel halfway across the country to make his argument, but it's easy to spend other people's money when you are the Leader of the Free World. 
  • It's better, by far, to be a Dayton lackey than to work in a sandwich shop.



2 comments:

Bike Bubba said...

Dunno about being better to work for Dayton. At least the sandwich shop employee knows he's doing something useful, which is far more than Dayton's hires can say. :^)

jerrye92002 said...

You know why he had to fly to Wisconsin; to try to embarrass Scott Walker. He only succeeded in making a fool out of himself, as usual. I know what I would do as an employer. "Tell you what, Mr. Junior Manager, I'm paying you $24,000/year right now with a good chance at advancement if you show me the hard work necessary. A lot of times that means putting in something more than 40 hours/week. So, I'm cutting you back to 32 hours/week (or 29 if I have to give you health care) and dropping your salary to $16000/year. Then you work the next 8 hours for free and after that you get time and a half. That means you break even at about 45 hours and beyond that you get ahead as you should for that effort."

Obama and his fellow idiots think that both government and the private sector have magic money trees that they can command at will for whatever they want. It doesn't work that way. Somebody posted a picture of the McDonalds ordering kiosk in the window with a sign that says "Hey, Seattle, here's your $15/hour job."