Lake Erie Conservative

thoughtful discussion(s) about issue(s)

Posts Tagged ‘Law of Demand’

… What Happens When You Do Something Dumb [#the $15 min wage]…

Posted by paulfromwloh on Tuesday,November 15th,2016

.. companies make changes ..

.. it is called substitution in economics ..

.. why ?? …

.. [h/t — theGatewayPundit.com]..
.. [link] to the blog post ..

.. many of Mickey D ‘ s employees are transitory [transitional] . They do not stay at the restaurant all that long . Sometimes , the store finds someone that is special , and they invest the time and man – hours in that person . But that does not happen very often …

.. so when folks do something that is economically stupid , such as adopting the $15 minimum wage , a company thinks ahead . They can see this coming . When it happens , they change . They ” substitute ” technology for human capital , and then the economics work again …

.. unfortunately , the lower – wage and lower – skilled worker pays the price . The company can and must become much pickier . It does pay them to pay more , but for a much higher – skilled worker . As in one who is likely willing to stay around the restaurant a good bit longer …

Advertisements

Posted in personal opinion | Tagged: , , , | Leave a Comment »

… Anyone wonder Why ?!?! [#His Lordship][#Economic Illiteracy]…

Posted by paulfromwloh on Wednesday,October 26th,2016

.. why POTUS is such a disaster as a so – called ” leader of the free world . ”

.. believe you me , that dunce cap on his head is very well earned …

branco cartoon (potus economic illiteracy)

.. [h/t — ComicallyIncorrect.com]..
.. [link] to the cartoon …

.. I wonder what grades Obama got in economics in college , or , whether he even took economics at all …

Posted in personal opinion | Tagged: , , , , | Leave a Comment »

… Nice Going , ObamaCraps [#OCC price hikes]…

Posted by paulfromwloh on Saturday,October 22nd,2016

.. and are they loo – loos , folks ..

.. you are talking serious double digits , folks .

.. and these are the smaller states , too . None of the larger states have reported in , yet . But don’t expect them to have good news . Especially California …

.. [h/t — BloombergView.com(MeganMcArdle)]..
.. [link] to the news column ..

.. a pending trend : many of the folks are subsidized [around 85%] . Ouch ! …. Another : the folks that are being covered under OCC are generally older and sicker . That figures . Hate to tell you I told you so , but , I told you so , folks …

.. so will the news on OCC get any better ? Not likely . The regulators may want to keep a lid on price increases , but it will not work . Especially in the more conservative states . They do not want OCC to work , and they want their own people to be covered , but they also want them to learn a lesson . You cannot ignore the Laws of Supply and Demand , dummies !! …

Posted in economic opinion, personal opinion | Tagged: , , , , , , , , , , , | Leave a Comment »

… See What Happens [#economics][#substitution]…

Posted by paulfromwloh on Saturday,August 6th,2016

.. the folks in San Francisco raised the minimum wage up to $15 / hour . So what do you think would happen ? … Technology is substituted for human capital [people employed]…

.. [h/t — theRightScoop.com]..
.. [link] to the blog post …

.. could people be that oblivious to the advances in technology ? It appears so . The loonie lefties pushed thru this $15 / hour minimum wage , and they just assumed that there would be no response to it . Well they were found to be both idiotic and badly wrong at the same time …

.. this restaurant is a fascinating idea . It will also teach the loonies a tough lesson . The 21st century return of the Automat !! …

Posted in economic opinion, judgement (financial), Law of Unintended Consequences, personal opinion, stupidity (financial) | Tagged: , , , , , , , | Leave a Comment »

… California has Really Lost Its Mind [#minimum wage]…

Posted by paulfromwloh on Tuesday,April 12th,2016

.. it sseems California has turned into ” LooneyLand by the Bay . ” They keep adopting policies that test the patience and logic of the rest of the Union . Now they have done something that has really made then look totally insane …

.. they have now adopted a $15 / hour minimum wage ,effective in 2020 . Ho crazy is that ? Plenty ..

.. Has anyone in the California legislature and or the body politic bothered to consult many of the nation ‘s best universities , which happened to reside in California . They can tell you folks the God ‘ s honest truth , if you idiots would listen . Adopting a $15 / hour minimum wage is economically insane .

.. [h/t — NYPost.com]..
.. [link] to the blog column ..

.. you can bet that many of the surrounding states [and more than a few Canadian provinces] are oogling at California business , with their area ‘ s lower wage levels . Most of those are either moderate or conservative in politic , so theyare not likely to follow California ‘ s lead . They are likely to put California in either the stocks or the pillory post , and poach those businesses with offers of lower costs and lower taxes …

Posted in personal opinion | Tagged: , , , , , , , , , , , , , , , | Leave a Comment »

… Ouch ! A Stunning Rejection of Maduro [#Venezuela][#Chavez][#socialism]…

Posted by paulfromwloh on Saturday,December 12th,2015

.. the Chavistas adopted economics [i.e. , socialism] , and look at what a grand old mess it has made : …

.. [-] oil — Venezuela is one of the most richly endowed oil rich nations in the Western Hemisphere . it is able to produce more than 2.5 million barrels / day , but the output has been sliding over the last 20 years . A grievous lack of investmest is the cause , and the Chavistas wonder why ?? …

.. [-] more oil more oil — Venezuela is also blessed with one of the largest oil shale regions in the the world . The region ,called the Orinioco , has an estimated 250 billion to 300 billion barrels of proven reserves . That would make it more than double the size of the reserves of any Middle Eastern nation . Yet , their development has barely scratched the surface . A grievous lack of capital investment is crying out to exploit this region. Guess why ??

.. [h/t — HotAir.com]..
.. [link] to the blog post ..

.. now all of the years of gross economic mismanagement has caught up to the Chavistas . Hugo Chavez has been dead and buried for a couple of years , but his successor , Nicloas Maduro , has to live with the economic RUINS OF WHAT Chavez – style socialism has wrought ..

.. The Venezuelan conservative opposition has [miraculously] won almost a 3/4ths majority in the Venezuelan national Assembly . With that majority [presuming Maduro and his cronies allow it to stand] , the opposition can do quite a bit to reform Venezuelan society ..

.. I wish them luck . Maduro and what is left of the remaining chaveztas will not make it easy for them to try to govern …

Posted in personal opinion | Tagged: , , , , , , , , , | Leave a Comment »

… A New York City Tragedy [#eric garner]…

Posted by paulfromwloh on Friday,September 5th,2014

.. this was a needless death .

.. what was the N.Y.P.D. harassing a guy over untaxed cigarettes , especially with N.Y.C. ‘ s obscene level of cigarette taxation …

.. [h/t — NYDailyNews.com]..
.. [link] to the video ..

.. New York state ‘ s rate of cigarette taxes is bad enough . Then New York City loads it on on top of the state ‘ s very obscene cigarette tax rates . So , what did they expect to happen ? Nothing ? Duh ! …

.. haven’t those idiots studied economics , especially the Laws of Supply & Demand , of Human Nature , and the Law of Unintended Consequences . Those idiots have one rip – roaring black market going , and the N.Y.P.D. has more important things to do than attacking citizens over untaxed ciggies and what are known as ” loosies . ”

.. contrary to popular opinion and talking heads , the worst that I think that these folks are going to get is a manslaughter rap . Murder ?? No ! ….

.. no , I am not excusing the cop ‘ s misconduct . He used an unprofessional act [the chokehold ] . The use of the chokehold has been banned , and the cops participating should have damn well known better . They could have ” tased ” the guy to subdue him if they needed to …

… I have been tased , and trust me , it is not fun . I did it as a test when I was considering actually buying one . I wanted to understand what it was to be on the receiving end . If I was going to possess one of those things , then I felt the responsibility to the public to understand what I was doing ….

.. I obviously would not want to be shot in order to learn how to use a gun . But , before purchasing one , I will go to a gun range so that I know what it is to hold a weapon , to holster it , to care for it , and to shoot it . I think that it would be a common – sense maneuver before buying a gun …

Posted in personal opinion | Tagged: , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

… Big Surprise [#ObamaCrapCare rates in Florida]…

Posted by paulfromwloh on Tuesday,August 12th,2014

.. from news reports …

.. the news reports on ObamaCrapCare rates for the coming year are coming in . So , what happens ?? …

.. [h/t — HotAir.com]..
.. [link] to the blog news ..

.. double – digit increases …. what a big surprise ?? …. told ya so ….

Posted in economic opinion, personal opinion | Tagged: , , , | Leave a Comment »