{"id":87816,"date":"2013-03-20T03:39:09","date_gmt":"2013-03-20T09:39:09","guid":{"rendered":"http:\/\/dyspepsiageneration.com\/?p=87816"},"modified":"2013-03-20T03:39:09","modified_gmt":"2013-03-20T09:39:09","slug":"jerry-pournelle-refutes-elizabeth-warren","status":"publish","type":"post","link":"https:\/\/dyspepsiageneration.com\/?p=87816","title":{"rendered":"Jerry Pournelle Refutes Elizabeth Warren"},"content":{"rendered":"<p><a href=\"http:\/\/www.jerrypournelle.com\/chaosmanor\/?p=12996\" target=\"_blank\">Read it.<\/a><\/p>\n<p>(Yeah, you have to wade through some non-political stuff; suck it up.)<\/p>\n<blockquote><p>The notion of a \u201cfair\u201d wage is central to many socialist views of proper government. They are usually coupled with schemes to rationalize the economy: why should there be twenty brands of tooth paste? It is a wasteful practice. A rationally planned economy would prevent a great deal of effort wasted in competitive practices, thus leaving more to be paid to the workers. After all, the workers produce the goods: they have a right to a fair share, which should at least include a living wage.<\/p>\n<p>The problem is that often a job cannot possibly produce enough return to warrant a \u201cfair\u201d wage. When the production doesn\u2019t at least equal the cost, there isn\u2019t a job to be had. Many \u2018jobs\u2019 are discretionary. You will pay someone to do something so that you don\u2019t have to do it yourself, but if the cost is too high, you will just do it yourself, or go without that service entirely. Clearly there are things I would like to have done for me that I don\u2019t think I can afford. Raising the minimum wage simply moves more jobs from the \u201cI can afford that\u201d to the \u201cCan\u2019t afford it\u201d column. That is, it does in the real world. In Senator Warren\u2019s world, her intentions are what matter: she means well. If her proposal ends up costing a number of people their jobs, that wasn\u2019t her intent, so it doesn\u2019t matter: we\u2019ll just give them more benefits to make up for their loss.<\/p>\n<p>I wish that were a parody, but it is not.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Read it. (Yeah, you have to wade through some non-political stuff; suck it up.) The notion of a \u201cfair\u201d wage is central to many socialist views of proper government. They are usually coupled with schemes to rationalize the economy: why should there be twenty brands of tooth paste? It is a wasteful practice. A rationally [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-87816","post","type-post","status-publish","format-standard","hentry","category-think-about-it"],"_links":{"self":[{"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/posts\/87816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=87816"}],"version-history":[{"count":2,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/posts\/87816\/revisions"}],"predecessor-version":[{"id":87818,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/posts\/87816\/revisions\/87818"}],"wp:attachment":[{"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=87816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=87816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=87816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}