Thursday, December 19, 2013

Amazingly, This Woman Taught Economics at the University Level

In Seattle, at a City Hall press conference, flanked by fast food workers and union leaders, socialist City Council member-elect Kshama Sawant, ignored basic supply and demand economics and the destructive nature of minimum wage laws, and called for a $15.00 minimum wage in Seattle. She then announced plans to aggressively promote a $15.00 minimum wage for the city.


She has held part-time teaching positions at Seattle Central Community College and Seattle University and was a visiting assistant professor at Washington and Lee University

25 comments:

  1. Why $15? Wouldn't workers be better of with $25-$30/hr?

    ReplyDelete
    Replies
    1. She's a university professor. Oh, oh, oh, and advocate for the working class!! Those are her moral credentials. I pray for that day when she has an awakening. She will resent all of the folks who brought her. I personally think that $25 is draconian, Anonymous @ 5:05. $75 Minimum!! Can't you grasp the rigorous training one must have gotten in order to press at just the right moment those colorful icons on the register? You know what you are? You're just . . . you're just . . . unfair.

      Delete
    2. No, they wouldn't, because she wouldn't want those workers (supposedly) making as much money as she does. That's just too much equality for a socialist who likes feeling elite.

      Delete
  2. With their monopoly over fiat "money", the financial elites have the perfect scam in place. Meanwhile, the socialists are clueless.

    ReplyDelete
  3. Yea, unlike most commenters, and I would wager post authors, who imagine they have a PhD in economics because they've read some Austrian economics for dummies, she actually has an actual PhD in economics. Funny how that is.

    ReplyDelete
    Replies
    1. Isn't it funny though how some of these PhD's are completely useless, eh? Like hers for example.

      Delete
    2. Yes and alchemists use to get degrees too. Do you not think you posses enough knowledge not having a degree in alchemy to know what the alchemist taught was is in fact false? BTW, Phd's are specialized degrees and not broad degrees like an undergraduate degree. Her dissertation was "Elderly Labor Supply in a Rural, Less Developed Economy". Not exactly the hardest topic to defend in economics.

      Delete
    3. If you want to impress us, create a job.

      Delete
    4. I am no economist, just a history student. Explain to me again where this nonsense has ever worked. Please enlighten me on HOW it works and how it help anyone. Milton Friedman was an economist, a pretty good one and probably a little brighter than this idiot. Listen to his lectures about how the minimum wage HURTS the poor and does little to help them advance.

      Delete
    5. Paul Krugman, Ben Bernanke, Robert Reich, etc all have PhD's too. Just because you've received your statist indoctrination certificate doesn't necessarily mean you understand simple economics. As far as I can tell, the more "education" you recieve the more useful you are to the corrupt, crony-capitalist and fascist system we are all stuck in. Idiot comments like yours are indicative of the problem.

      -Montana

      -Montana

      Delete
    6. What is amusing is how many people feel that rule by experts, educated and approved by a set of institutions funded and controlled by a wealthy elite is the way to break the rule of the wealthy elite.

      If a $15 minimum wage was good for us, the institutional economists with their PhD's, nobel prizes, federal reserve jobs, political office, and the like would not be for it. It's good for the people they are dependent upon for their education and careers as economists.

      Delete
    7. You know what a PhD gets you? A listen. That's it. Their simply having a PhD does not mean someone or their ideas are worth my respect. After all, the only thing a PhD indicates is that someone paid more and more to learn more and more about less and less.

      Delete
    8. Re: Anonymous,
      -- she actually has an actual PhD in economics. Funny how that is. --

      It's hilarious, considering just how clueless she is.

      Delete
  4. The irony is that every time they advocate to raise the minimum wage they're only admitting that their policy of printing and inflating failed.

    ReplyDelete
  5. I wished I lived in Seattle or near it. Would love to be a libertarian troll with a group of friends and like-minded people, and crash their party with a signs and T-shirts stating "Raise it to $100". Would love to see her reaction.

    ReplyDelete
  6. This well intended fool has no idea what she's talking about.

    ReplyDelete
    Replies
    1. People who want to increase the amount the loot they steal are not "well intended".
      Well intended people can be fools with their own money. It takes an immoral THIEF to want to use force so she can be foolish with other people's money.

      Let's stop giving socialists the courtesy of calling them "well intended" for a change.

      Delete
    2. Stop calling them "socialists", too.

      Leftists realized long ago that their ways and means are antisocial. "What shall we do about our public relations problem?", they fretted upon considering how to get large numbers of people to support their despotic agenda. "By golly, let's call ourselves socialists!", came the reply.

      Another language game involves the word liberal. Leftists are nothing if not radically illiberal, and this leads them straight away to basically the same PR problem. So lefty claimed to be liberal.

      Yet Kshama Sawant is antisocial and illiberal, childish language games notwithstanding.

      Delete
  7. Why not $100? What's magic about $15 and what was the methodology to arrive at that figure. Shouldn't part time workers receive full health coverage? Never mind who will pay for it, those questions aren't welcome here.

    ReplyDelete
    Replies
    1. I generally ask for a $200/hr minimum wage, that way I can get what I deserve. For some reason these higher minimum wage folks say that's too high and will damage the economy... people worth less than that will be unemployed, and so on and so forth. Yeah, so? I thought it was about forcing employers to pay people what they are worth? I'll certainly be worth $200/hr once the H1B visa holders are priced out of the market. :)

      Delete
  8. If she really cared about low skilled workers she would start a business that employed them and run it the way she believes a business should be run. Why is it that Socialists only know how to use guns to get what they want? I honestly don't believe she cares about workers since she has enough education to know what she is proposing will have damaging consequences for the least skilled and especially teens. Even the most left leaning economists know that a massive jump in wages will be lead to layoffs. There is even a website (IMG) where most of them state the things all of them accept as economic truths -- this is one of them. The only good thing about this is that hopefully it keeps her so busy that she doesn't have time to teach and pollute the mind of our already confused and disillusioned youth.

    ReplyDelete
  9. Everybody wants a higher wage for the workers but nobody is willing to pay for it. See Peter Schiff video on workers pay at WalMart.

    ReplyDelete
  10. Apparently Portlandia has migrated 180 miles north.

    ReplyDelete
  11. Ms. Sawant need not worry about setting the minimum wage at $15. It's already there for practical purposes, if you're trying to hire even a marginally-skilled worker. You can get some unskilled labor at lower prices on a regular basis, but it's barely worth spending the money to hire such people because the amount of time you spend trying to train them makes them expensive in real terms.

    Try finding a decent painter, odd-job man, or gardener and see if you can find anyone willing to work regularly for less than $15/hr over the long-term. You will find only marginal workers.

    The reason is unemployment benefits. When people are receiving $1200 and more a month for doing nothing, working 8 hours a day 5 days a week for $2000, becomes strangely unattractive.

    Unemployment benefits compete with the wages small businesses can afford to pay. Small businesses forced to pay higher prices for labor, fail to make sufficient profits. They fold up.

    Which is just what bigger businesses want.

    And that is why the employees or mouthpieces (witting and unwitting) of big businesses are always pressing for minimum wage laws.

    The agenda pursued by the universities is set by large foundations, which are the vehicles of the biggest of big businessmen.

    Ms. Sawant's PhD might have taught her a number of things. But a union card - and that's what a PhD is - isn't enough to teach you who pulls the strings of the union bosses.



    ReplyDelete