Minimum wage increase isn’t about minimum wage

If you are an Obama union drone in the SEIU, your wage is pegged to minimum wage as a multiple. When minimum wage is increased, union hacks all get raises even if they are already making two or three times minimum wage.

If President Obama succeeds in raising the minimum wage law, he’ll have given many unions an automatic pay increase, a new report shows.

“An analysis of union collective bargaining agreements available from the Department of Labor’s Office of Labor-Management Standards indicates that many service, retail and hospitality industry labor unions—such as UNITE-HERE or the Service Employees International Union (SEIU)—peg baseline wages to the federal minimum wage,” the Center for Union Facts (CUF) observes. “Thus, in many cases, raising the federal minimum wage will either trigger wage renegotiations or automatic wage hikes for certain unionized employees.”

Pay no attention to the man behind the curtain.

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One Response to Minimum wage increase isn’t about minimum wage

  1. messup says:

    Brazil’s “crawling peg” phenom has roundly disproved this in practice back in the 1960’s and 70’s.
    Delfim Neto, Then the “Brazilian Miracle” architect invented a much touted indexing of a “salario base” (base salary) plus a 1% inflation adjustment.
    The kicker in the story is that (unbeknownst to this “wizard of finance”) Inflation was also tied to everything Brazil. This went on for more than 10 years. Was subject of a scholarly presentation in International Circles where all worldly “intelligentsia” OOOhed and AAAAhed at this gimcrack act of flim-flammery.
    In 1980 Fernando Henrique Cardoso shook-up this notion of “base salary” with adjustments. He devalued the currency, created the “Astral” which later morphed to the “REAL”…Brazil’s present currency. Why did this have to happen? Because of uncontrolled inflation…in 1984 unofficial inflation was 365% or 1% per day. Try that in ones soda. Pray. Amen. NAH! Ludwig Von Mises said it right…salary is between employer and employee. Government has nothing to do with it. Period!

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