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There is little question in most academic research that increases in the minimum wage lead to increases in unemployment. The debatable issue is the magnitude of the increase. An issue not often included in minimum wage debates is the substitution effects of minimum wage increases. The substitution effect might explain why Business for a Fair Minimum Wage, a national network of business owners and executives, argues for higher minimum wages. Let's look at substitution effects in general.

When the price of anything rises, people seek substitutes and measures to economize. When gasoline prices rise, people seek to economize on the usage of gas by buying smaller cars. If the price of sugar rises, people seek cheaper sugar substitutes. If prices of goods in one store rise, people search for other stores. This last example helps explain why some businessmen support higher minimum wages. If they could impose higher labor costs on their less efficient competition, it might help drive them out of business. That would enable firms that survive to charge higher prices and earn greater profits.

There's a more insidious substitution effect of higher minimum wages. You see it by putting yourself in the place of a businessman who has to pay at least the minimum wage to anyone he hires. Say that you are hiring typists. There are some who can type 40 words per minute and others, equal in every other respect, who can type 80 words per minute. Whom would you hire? I'm guessing you'd hire the more highly skilled. Thus, one effect of the minimum wage is discrimination against the employment of lower-skilled workers. In some places, the minimum wage is $15 an hour. But if a lower-skilled worker could offer to work for, say, $8 an hour, you might hire him. In addition to discrimination against lower-skilled workers, the minimum wage denies them the chance of sharpening their skills and ultimately earning higher wages. The most effective form of training for most of us is on-the-job training.

An even more insidious substitution effect of minimum wages can be seen from a few quotations. During South Africa's apartheid era, racist unions, which would never accept a black member, were the major supporters of minimum wages for blacks. In 1925, the South African Economic and Wage Commission said, "The method would be to fix a minimum rate for an occupation or craft so high that no Native would be likely to be employed." Gert Beetge, secretary of the racist Building Workers' Union, complained, "There is no job reservation left in the building industry, and in the circumstances, I support the rate for the job (minimum wage) as the second-best way of protecting our white artisans." "Equal pay for equal work" became the rallying slogan of the South African white labor movement. These laborers knew that if employers were forced to pay black workers the same wages as white workers, there'd be reduced incentive to hire blacks.

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Oh, no! I did it again.

It was a foolish mistake. But I slipped.

I read The New York Times.

This is bad for my health, because I get so mad at the smug socialist spin, but how can I not  read it? It's my hometown paper. My wife wakes me up with indignant questions like, "How can you say government is too big? The Times says ... "

Aargh! Nearly every day brings a new Times outrage.

Saturday, a front-page story smeared Labor Secretary nominee Andy Puzder.

The story begins, "Decades before President Trump nominated him ... Puzder went to battle with federal labor regulators ... "

Wait a second. " Decades before"? They went back decades to criticize him? Actually, three decades -- to 1983, when as a young lawyer, Puzder represented a client whom the Labor Department accused of squandering union money.

The Times went on to say: "He has repeatedly argued that economic regulations stifle economic growth."

Puzder "argued" that? Regulations obviously stifle growth. That's their purpose -- to protect workers by putting limits on businesses' pursuit of profit. Regulation is a big reason this post-recession recovery has been so weak.

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By Ed Duffy

Cory Burton’s first job was working for the business he and his wife Roze are now in the process of buying. Cory worked at Jackson Automotive for 5 years, under the training and mentorship of current owner, Dan Jackson. In the twelve years since, Cory has worked in landscaping, refinishing furniture and building/finishing custom homes. More recently he’s been a detention deputy for the Fremont Sheriff’s Department. Roze was, and still is an ambulance driver in Fremont. Their schedules were such that they barely got to see each other. They were looking for a way to be able to spend more time together as a family. When Cory heard that the Jacksons were moving and looking to sell their shop, they were very interested.



Cory and Roze have been working alongside Dan and Kim Jackson since November of 2016. The Jacksons and the Burtons wanted to ensure continuity of service for their customers. They want to ensure that a change in ownership and management is seamless and stress free from the other side of the counter.

Jackson Automotive Repair and Service is a full service shop. They’re also a TechNet Shop, which means they can offer 2 year/24,000 mile warranties on their work, no matter where you are in the country. TechNet is a network of independent shops, so if a covered repair is needed in Missouri on work you had done in Fountain, Colorado; no problem. Jackson offers MOOG suspension parts and has Jasper rebuilt engines and transmissions that come with a 3 year/100,000 mile warranty.

You’ll also find BG additives and products and Amsoil.

You’ll still find Jackson Automotive at 411 Royalty Place in Fountain, Colorado, at Exit 128 off I25 and at the same phone number: 719-393-1317. There are no changes on the web either. Visit them at www.jackson-automotive.com and follow them on Facebook at https://www.facebook.com/jacksonauto.

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New partnership expands eBay's wine offering by adding 1,400+ wineries

Press Release (PR Newswire)

Today, eBay announced a partnership with WineDirect bringing wine from around the world to its eBay Wine marketplace destination. The new partnership with WineDirect, the industry leader in direct-to-consumer (DTC) services for wineries, provides consumers direct access to inventory for these wineries, including wines not normally available online. This marks the latest expansion to eBay Wine's portfolio, which includes collectible, rare and everyday wines based on varietal, region, price and more.

Among those browsing and buying wine on eBay, a recent study found that champagne and red wine are the top two most searched wine-related terms, while the top-selling wine is a Pinot Noir from the vineyards in California.[i]

Over the coming months, eBay shoppers will have access to a large selection of red, white, sparkling and rosé wines from small and mid-size wineries through the WineDirect partnership. In addition, eBay customers will also be able to send wine bottles as gifts for upcoming special occasions or holidays, like Mother's Day.

"We're excited to empower small and mid-sized wineries by connecting them with eBay's millions of customers through our innovative partnership," said Joe Waechter, President and CEO of WineDirect. "This is a fantastic opportunity for wineries to share their passion and their product with new audiences, and for shoppers to gain unparalleled access to wines direct from the source."

"eBay's partnership with WineDirect gives millions of wine enthusiasts even more access to a massive selection of wine, allowing them to find that perfect bottle that suits any occasion," said Alyssa Steele, DMM of Home and Garden at eBay. "This relationship represents the next step in our efforts to bolster our wine category and ensure shoppers have access to fine, rare and everyday wines that they will love."

eBay's wine category will also expand to Germany later this month.

For more information, visit ebay.com/wine and follow @eBay on social.


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Press Release (City of Colorado Springs)



The Colorado Springs Airport (COS) is pleased to announce that Uber, a Transportation Network Company (TNC), has executed an operating agreement with the Airport as of February 3, 2017 authorizing the company’s drivers to pick up and drop off passengers at COS effective immediately.
 
COS worked collaboratively with Uber and Lyft to implement new ground transportation rules and regulations with an operating agreement that would authorize them to provide ground transportation services at COS. “We recognize that the ground transportation landscape is evolving and that our customers are increasingly using TNCs like Uber and Lyft and welcome Uber to COS,” said Aviation Director Greg Phillips.