Biting the Invisible Hand

In case you missed it, fast food ‘workers’ in over 100 cities across America intend to hold a one-day strike this week in an effort to garner support for increased wages.

Make that dramatically increased wages…

This little socialism on steroids initiative seeks to create a minimum wage for fast food employees of at least $15 per hour (yes, FIFTEEN), which is more than double the federal minimum wage of $7.25.

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If for nothing else, you’ve got to hand it to these folks for being ambitious.

Led by several deceptively monikered groups including Fast Food Forward and Fight for 15, these efforts are actually the work of unions (and the Service Employees International Union in particular) seeking to stem the recent tide of ebbing membership and influence.

The biggest thing this free market averse effort has going for it?

IGNORANCE…

Ignorance by a sizeable portion of the electorate of the long-term ramifications of more than doubling down on the already flawed idea of a legally mandated wage.

Ignorance by the affected employees of the near term potential that, if enacted, well more than half of these jobs will NO LONGER EXIST.

Ignorance by the general populace of the dramatic effect this effort will have on the price of fast food.

Unfortunately, the typical man on the street is, at least at present, supportive of these significantly enhanced wages.

That’ll change in spades the first time ‘Leroy’ learns his daily McLardAss burger has literally doubled in price.

(For Leroy’s sake, let’s just hope this little Economics 101 lesson on wages and pricing doesn’t hit on the very same day he learns he CAN’T keep his doctor and that his health insurance premiums, like his burger, have also doubled in price…)

I’d give up my next burrito grande’ just to get five minutes with the organizers of this effort, wherein I’d love to ask them to elaborate on how they arrived at the magic target wage of $15.

ME:  “What’s the typical profit margin for these targeted restaurants?”

AL SHARPTON-ESQUE FIGURE:  “Uhhh….  Hope and Change!!!”

ME:  “What effect will these enhanced wages have on long term capital investment?”

AL SHARPTON-ESQUE FIGURE:  “Ummm….  Yes We Can!!!”

ME:  “Sir, do you know your ass from a hole in the ground?”

AL SHARPTON-ESQUE FIGURE:  “Fight the Power!  Wait…  Say what?”

Exactly…

For the two of you who have yet to figure it out, HAYNESonFIRE fully subscribes to the Invisible Hand Theory, as so eloquently developed by Adam Smith in his magnum opus, The Wealth of Nations.  Therein, Smith advances the now-novel idea that producers should be free to individually control all aspects of production (including wages) in bringing their products to the marketplace.

If said producer can attract employees at a rate of $5.00 per hour (versus the now federally mandated $7.25), he can deliver his products to the marketplace at a reduced price, which clearly benefits the consumer.  If he can’t, then his enterprise either pays a higher wage or fails.

Either way, the market – sans any government meddling – effectively and efficiently rewards both the adept entrepreneur and the consumer.

Conversely, this beyond-ignorant effort personifies the old saying, “Two wrongs don’t make a right.”  Taking an already heinous idea (a minimum wage) and more than doubling it is beyond ludicrous.

No wonder liberals love it.

Remember what happened last year when the Left issued its fatwa against Chick-fil-A after its CEO expressed support for traditional marriage?  At Governor Mike Huckabee’s urging the restaurant chain was literally swamped with patrons who staunchly support free speech, yours truly included.

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A Chick-fil-A (in Illinois no less!) on August 1, 2012

Let’s do the same this week.  Look for and patronize fast food restaurants that are targets of these socialist tools.

Hell, come prepared to jump behind the counter and toss a burger on the grill!  Who knows, maybe we’ll learn what makes that McLardAss burger taste so damned good!

Fight the Power, Brother!  And the minimum wage!

HOF


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