Saturday, September 6, 2014
Labor and Costs: What Happens to the Price of Food If the Demand for Increased Wages by Fast Food Workers Is Approved?
I have now been certified as an official write-in candidate for The U.S. House of Representatives for District 19 for Texas!
http://www.sos.state.tx.us/elections/forms/write-in-ballot-cert-2014.pdf
I also have a new blog site for the campaign. It is:
http://votevance.blogspot.com
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Please continue to pray for Dr. Kent Brantly and all those involved with the Ebola outbreak in West Africa.
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www.amazon.com has the exclusive right to sale my e-books in its Kindle Store.
Click on the book icon (picture) on the right to go directly to the Amazon site for that particular book
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Primaries in September:
08) Delaware State Primary: September 9, 2014
21) Massachusetts Primary: September 9, 2014
29) New Hampshire State Primary: September 9, 2014
39) Rhode Island Primary: September 9, 2014
Primaries in November:
18) Louisiana Primary: November 4, 2014 ~ Congressional Run-Off (if needed): December 6, 2014
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Rob Maness | U.S. Senate – Louisiana
Primary is November 4 which is election day!
Website: http://www.robmaness.com/
Donate: http://www.robmaness.com/donate/
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Joni Ernst | U.S. Senate - Iowa
Donate: https://secure.senateconservatives.com/step1?layout=ernst&c=b8c4e2995ab851746f0a138e300bca6f”
Her website: http://www.joniforiowa.com/
Donate directly: https://secure.joniforiowa.com/donations/contribution/
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I heard on ABC radio news earlier today that President Obama has decided not to take action on amnesty for illegal aliens (“immigration reform” in Left euphemism) until after the 2014 election. Of course, the reason he decided to wait was because some Democrat Senators up for reelection this year are scared silly that they will lose the election if MORE amnesty is implemented before the election. They think the American voter is TOO STUPID to realize there is no difference whether an illegal act is implemented before or after an election. It is still an illegal act that will do great harm to America!
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Protests are going on for higher wages for fast food workers in many cities throughout the United States! Unfortunately, it seems these workers lack a basic education in economics. The issue is a supply and demand issue—basic economics 101. If wages are increased WITHOUT a corresponding immediate increase in productivity, only one of three things can occur or some combination of the three.
1) Costs of production (wages) are increased and therefore prices have to increase to cover the increase in costs of production.
2) Costs in other areas have to be decreased. However, in most businesses, labor costs are the major cost to the business. Therefore to lower costs, it may be necessary to fire workers! The first to be fired will be the new workers who should not be as productive as experienced workers. Automation might be increased decreasing still further the need for workers. Machines do not have to be paid $15 an hour and do not have to be given periodic breaks.
3) The business owner has less profit. However, if profits get too low, it will not be worth it to continue with the business, therefore the business may completely close down as the owner goes out of business. Ever hear of Montgomery Wards? It use to be a major retailer. Went out of business. It is no more. A lot of businesses begin, thrive, and then go out of business! It is the way of competition!
Today’s post is what would happen to the price of food if the increase in demanded wages is covered by increases in the price of food.
From: http://dailysignal.com/2014/09/04/wage-hike-fast-food-prices-infographic/?utm_source=heritagefoundation&utm_medium=email&utm_campaign=morningbell&mkt_tok=3RkMMJWWfF9wsRonvavAZKXonjHpfsX56%2BQoWa63lMI%2F0ER3fOvrPUfGjI4DTcBkI%2BSLDwEYGJlv6SgFQrLBMa1ozrgOWxU%3D
“Here’s How the Price of Your Favorite Fast Food Would Change With a $15 Minimum Wage
Melissa Quinn / @MelissaQuinn97 / Kelsey Harris / @KelsRenHar / September 04, 2014
Thousands of fast-food workers across 150 cities nationwide gathered today to call for a $15-an-hour minimum wage.
However, a report released today by James Sherk, senior policy analyst in labor economics at The Heritage Foundation, found that fast-food restaurants would have to boost their prices 38 percent to make up for the increased labor costs.
>>> Higher Fast-Food Wages: Higher Fast-Food Prices
Such an increase, Sherk said, would drive away about one-third of these restaurants’ customers.
If fast food’s biggest restaurants decide to raise their wages to $15 an hour, here’s how some of your favorite meals would fare.”
Some people have to learn the economic facts of life the hard way. I hope that is not the case for these protesting workers! Workers beware! Are the same people who want to allow millions of illegal aliens to flood the workforce looking out for your best interests by pushing a wage increase that will severely HARM YOU?
IMPEACH THE PRESIDENT!
If not now, when?
If not now, why?
If not us, who?
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The Obama Administration: How NOT to govern a nation!
CLOSE THE BORDER! NO REFUGEE STATUS!
NO AMNESTY! DEPORT THEM ALL!
IMPEACH THE PRESIDENT!
Impeachment IS the answer!
Galatians 6: 7-9 (NIV)
Do not be deceived: God cannot be mocked. A man reaps what he sows. Whoever sows to please their flesh, from the flesh will reap destruction; whoever sows to please the Spirit, from the Spirit will reap eternal life. Let us not become weary in doing good, for at the proper time we will reap a harvest if we do not give up.”
NEVER GIVE UP! NEVER SURRENDER! In the end, VICTORY belongs to GOD and HIS people! HIS people are, by definition, CHRISTIANS! Followers of JESUS, the CHRIST!
Impeach Barack Hussein Obama!
Impeach Barack Hussein Obama!
Impeach Barack Hussein Obama!
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Germany woman stands up against Islam invasion
https://www.facebook.com/photo.php?v=814230481935684
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Conservatism is calling
https://www.youtube.com/watch?v=42JK3ukEIbo#t=97
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An abortionist doctor who changed to pro-life. It is just under 17 minutes.
https://www.youtube.com/watch?v=QiS-d7Jp5dk&list=PLXCGMTF9gXn0hBCWtZ2tH984nK0VmGg9c&index=1
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Texas Senator Ted Cruz—The Cruz Missile: “Vote Harry Reid Out!”
http://www.wnd.com/2014/08/ted-cruz-flays-harry-reid-over-bill-of-rights/#ooid=BxdnR5bzpeZSjUTiYsD3zTCGhILw4g6K
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Why SHE needs a gun:
https://www.youtube.com/watch?v=SUAL6ie1ufc
What SHE should have done:
https://www.youtube.com/watch?v=QTOLSmxqcMo
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Illinois Senator Dick Durbin—up for reelection this year—compares U.S. soldiers to those of Nazi Germany!
https://www.youtube.com/watch?v=MqIlXfkylD4