Senator Kyl is a Moron and here is why

[AllentownJake]

Simply put, there are no fucking jobs. The lower your income level was at the start of this recession, the harder it is for you to find a job.

So, if someone was making minimum wage, statistically, they are more likely to be unemployed than someone who was making $100,000 a year or even 30,000 a year.

Secondly, unemployment sucks. It is meant to suck. The program is meant to sustain you till you find a new job. Very few people survive well on long term unemployment. The system is designed to make sure you make less than you did while you were working. That is a good thing.

Thirdly, simple laws of supply and demand. Less people with a minimum amount of money to spend on food and housing, the lower those prices are going. Less people spending, more unemployment. Simply put, the economic depression of the 1930s is being forestalled by this. Want to fund unemployment budgetary wise, stop the war in Afghanistan would be my advice.

Assuming people will work for less assumes there are jobs out there for people to go to, and the statistics on unemployment clearly say there isn't.

I've been pretty open when I think the Obama administration is acting ridiculous, Jon Kyl makes them look smart.

Evidence of Unemployment by income category before the recession

http://seekingalpha.com/article/189739-u-s-unemployment-varies-significantly-based-on-income-levels

[DrDan]

1. guess who was one of the 28 senators to vote against the jobs bill

[AllentownJake]

2. The thing I don't understand

Is that the argument is so easy to refute.

Minimum wage workers are at 30% unemployment. It is kind of funny they are even trying to make this argument when the highest unemployment rate is at the level they assume everyone can get a job at. If there were jobs at this level, that number would be lower.

[DrDan]

3. and jobs continue to disappear

IBM cut around 1,000 yesterday.

Those 1,000 will take jobs of lower caliber - and so on - until those losing the minimum wage jobs have no other place to turn - except the unemployment lines.

[AllentownJake]

4. It actually doesn't quite work like that

Business owners aren't stupid. They are extremely hesitant to take people who are over qualified for a position. Simple reason, the person is going to be bored and the person is going to leave when a higher paying opportunity comes. That is simply the market.

They will continue to draw from the same labor pool. Every one of those 1000 support 3 people making minimum wage at dining areas, shopping malls, and other service areas.

So when those 1000 people lose their job, 3000 more lower income people who were supporting their lifestyle go down as well.

[DrDan]

5. but the problem is that the comparable job opportunities do not surface later

those 1,000 positions were probably outsourced to India, Brazil, Argentina and elsewhere.

[AllentownJake]

6. Well it has been my contention

that most of the lay-offs were done under the cover of the financial crisis and that is where you are seeing the productivity gains.

Honestly, right now you have a case of the corporations killing their golden goose. Which is fine, they won't exist at the end of it either.

[DrDan]

7. time will tell.. . .

[AllentownJake]

8. All I can say

Is they better be budgeting a security expense into their projection.