The left’s dishonesty on the minimum wage is reaching criminal proportions. This morning NPR did a report that said essentially: “In response to the CBO report showing that half a million jobs would be lost [jobs for the poor and unskilled], the Obama administration issued a report citing seven Nobel winners and almost six hundred economists saying that minimum wage hikes have almost no effect on employment.”
Well then! I’m sold! Six HUNDRED economists plus a whole SEVEN Nobel laureates?!?!? Egads, how could anyone so much as question the eminent wisdom of such renowned geniuses? Except, the Nobel awarded the Peace Prize to Obama in his first year in office. When it gave Hayek a Nobel in economics in ’74, it awarded one to a socialist economist the same year. I’m sorry, any organization that recognizes a socialist and free market economist in the same year or gives the Peace Prize to a president based on reputation and rhetoric is an organization not to be taken seriously. And what of the six hundred economists? Well, it could be six hundred Paul Krugmans and Jared Bernsteins which, along with 5 bucks can get you a cup of coffee. These are economists of the left, and they have a political agenda to sell, not an economic analysis to be taken with any kind of seriousness.
But this is just what the left does. “97% of scientists…” “600 economists…” Consensus! Um, consensus among a bunch of like-minded hacks with a political agenda, more like it. The simple fact is the minimum wage hurts the poor, which hurts minorities, and the left is terrified of being exposed on this, thus the asinine claims that a whole bunch of really very smart and wise and not in any way prone to politics people say the minimum wage is all good and magically doesn’t involve trade offs or increase the price of labor.
The only thing worse than the purveyors of this transparently self-serving political propaganda masquerading as “science” or “economics” is that so many people buy it. Remember when the CBO reports that Obamacare would lower deficits and costs were treated as gospel truth (and the only reason the CBO issued those reports was through using the inputs and data provided to them in the Democrats’ assumptions and models)? Well now that CBO looks at some hard data and pisses all over a left wing talking point, it must be refuted, and the way the left refutes things that contradict their propaganda is to trot out the Nobel winners and the “six hundred economists” trope.
It is willfully dishonest and malicious. Even more, it exposes the left’s indifference to the actual plight of poor and minorities, the constituencies most affected by the shrinking labor markets that are the result of minimum wage increases. The left’s hypocrisy on race is manifest in many things (resistance to choice in education being the biggest), but on the minimum wage it is so glaringly obvious and yet they are never called on it. Here we have the CBO, typically the sainted institution upon which all controversial policy is to be settled (so long as the data supports leftist propositions), stating unambiguously that jobs for the low skilled and poor are going to be adversely affected in exchange for some extra benefits going to the non-poor, and the left is in full spin mode and doing all they can to call bullshit on the same CBO they normally love. They have to do this in order to avoid looking like a bunch of hypocrites who are indifferent to the plight of the poor. Which is exactly what they are. The history of labor unions is of a movement meant to crowd out poor and minority workers so that middle class blue collar workers could avoid labor competition through the establishment of wage floors. And the left is still doing this with the minimum wage, a policy that negatively affects African-Americans.
And almost no one calls them on it.