Its effect on you, Pasture’s Delights, and everyone else

  • Boy meets girl. Boy likes girl. Boy gives girl flowers. Girl never speaks to boy again.
  • Farmer has bull. Farmer wants bull to be nice and tame. Farmer treats bull like a pet. Bull one day attacks farmer.
  • People who are poor want more money (to live better). People support minimum wage. The rich get richer, the poor get poorer.
  • Politician wants more power. Politician tells the people what they want to hear. Politician buys votes with tax dollars. BINGO! We have a winner! Politician gets more power.

If the boy wants to attract his girl, if a farmer wants doesn’t want to get attacked by his bull, and if people want to increase their median standard of living then it is senseless to keep repeating the same things and expect different results! How many times have we raised minimum wage? With 90+ socio-economic programs attempting to “redistribute the wealth” the wealth gap keeps widening between the rich and the poor. As counter intuitive as it may seem, disbanding many social welfare programs, including minimum wage mandates and unemployment insurance, will actually lift people out of poverty rather than keep them there. I shall explain here in this article.

Before we get started, you may wonder why I am discussing the minimum wage topic in this Pasture Bites newsletter. I believe that if you want the REAL milk we produce, at a price you can afford, you will want to invest the time to read and understand this issue. In my 14 years working as an airline pilot (a union employee), and now going into year five at Pasture’s Delights as a business entrepreneur who employs people, the #1 issue that most concerns me for long term sustainability (in both the airline and farm business) is socio-economic policy. The “entitlement mentality” is seeping deeper and deeper into every crevice of the American people’s psyche - the full spectrum from gov’t leaders, to business owners and leaders, to the working class, and those not working. And when things freeze up (when the money stops flowing, just as it did in Germany prior to Hitler, just as it did in Russia prior to Lenin, and just as it started to in Ukraine recently), things crack wide open spewing a lot of blood, and I mean that literally. Of course we don’t want to go there, so the hope is that this article may save us heartache in the future. Being able to afford quality milk is the lesser of our worries, but first let’s discuss any minimum wage mandate’s impact on the price of products, and the wealth gap.

Intention of Minimum wage

  • Businesses pay people more money
  • More people with more money = economic stimulation
  • More people with more money = fewer people in poverty
  • Fewer people in poverty = less taxation subsidizing poverty wages

Sounds like a winner, right?

“Supporters hail Minimum wage for “fairness” and a benefit for poor people.  This, it is alleged, will provide more income to support spending and stimulate the economy.  If it works that well, why not make the minimum $50?  This would provide someone working 2,000 hours a year an income of $100,000, eliminating poverty and stimulating the economy.  Obviously, $50/hour would be detrimental to employment as is $10/hour, it’s just a matter of degree” says William Dunkleberg, a Forbes magazine contributor.

In states such as Washington and Connecticut, which report no harm on job growth due to raising the minimum wage, the economic growth is in high skilled areas. Taking a look at the country as a whole:

What really happens when minimum wage goes up

  • Relative labor cost goes up (inflation) = business cannot afford higher labor costs
  • Business cannot afford (artificially higher) labor costs = business closings
  • Business closings = less business competition
  • Less business competition = higher product price elsewhere in marketplace
  • Higher per product price = less # products purchased = less demand for jobs
  • Business closings = fewer jobs
  • More people after fewer jobs = downward wage pressure
  • Downward wage pressure = lower demand for products

Between business (owners) facing less competition for their products (ability to raise prices), and having more competition for the employment they offer (ability to lower wages), the business owner is able to get wealthier and at the same time the worker receives lower wages. This scenario is alive and well, and people wish to blame capitalism for causing the wealth disparity). Actually it isn’t capitalism causing the problem here. It is the socialistic “medicine” in the form of minimum wage (and other programs) COMBINED with capitalism making the person (system) sick.

When the “medicine” is pumped into a healthy capitalist system, here’s what happens:

  • Breakeven cost goes up
  • Breakeven cost of product goes up = price of product probably has to go up too
  • Price of product goes up = makes product unaffordable to more people
  • Unaffordability to more people = decreased demand for product
  • Decreased demand for product = decreased demand for jobs
  • Decreased demand for jobs = more people competing for smaller number of jobs
  • Competition for jobs = downward pressure on wages, pushing more people into poverty
  • More people in poverty = more taxation to subsidize low / no income households
  • More Social programs = increased cost for administering programs and increased opportunity for fraud and abuse
  • More taxation = less take-home pay to purchase goods
  • Inflation = now your (saved) dollars saved have less value (to purchase car, a home, or start your own business?)
  • Fewer businesses offer fewer jobs, pay lower wages have less competition, and charge higher prices, and capture a higher percentage of the wealth (transfer) = widening wealth gap between rich and poor
  • Fewer, but larger businesses = sets rich up to get richer
  • Super rich = out of touch with reality for what it is like for many people to not have work or work for low wages, and remain in poverty
  • More workers and fewer business owners = fewer people exposed to knowing and understanding how business works
  • Differing perspectives – wealthy resent being taxed to subsidize the poor, the poor resent the wealthy living a lavish lifestyle = conflict.
  • Conflict = unhappiness, social instability, who knows?

Present day America - the results of recent socio-economic policy:

Are there fewer or more businesses on Main Street today as opposed to 100 years ago? We have minimum wage today; are people making more clocking in at Wal-Mart as opposed to on Main Street a 100 years ago? Is the wealth gap widening between rich and poor? Is America becoming more “polarized”?

At the airline I work at many employees resent the lavish lifestyle of the CEO, and executives resent what amounts to many employees having a non-competitive “entitlement” mentality doing only the minimum to retain their employment. These are seeds that foster an uncooperative workplace culture. The lack of perspective and understanding is creating conflict that could harm the airline and its entire people.

Minimum Wage = Fewer Teen Jobs (Even at a Farm)

“Another argument in favor of the minimum wage is that it is a stimulus, introducing new income and spending into the market.  But was there more income to spend in 2009 when nearly 600,000 teen jobs were lost?  Common sense says that every dollar a minimum wage worker receives must have come out of somebody else’s pocket, either small business owners or their customers.  The money for a higher minimum wage does not come from thin air.

Consider a community based pizza parlor selling 100 pies a day for 360 days at $10 each.  Total revenue is $360,000.  It employs 10 minimum wage workers earning $7 per hour, working 2000 hours a year, making labor costs $140,000.  Assume rent, utilities, equipment, depreciation, insurance, supplies, licenses, and food costs come to $170,000 per year, leaving a profit of $50,000 for the owner and his/her family.  Raising the minimum wage $1 would raise labor costs by $20,000 (paying more for the same amount of labor) and reduce profit to $30,000.  The owner must either move into a smaller house or raise prices, which reduces the demand for pizza, resulting in the loss of a worker.  So, the full increase in the wage cost of an increase in the minimum wage comes out of the pockets of customers or the owner’s family, and the one person who loses a job.  There was no net gain in income to increase spending in the community served as every dollar the minimum wage workers received came out of someone else’s pocket in the community. As a jobs program, raising the minimum wage is a real loser.  Congress raised the minimum wage 10.6% in July, 2009.  In the ensuring 6 months, nearly 600,000 teen jobs disappeared, even with nearly 4% growth in the economy, this compared to a loss of 250,000 jobs in the first half of the year as GDP growth declined by 4%  Why?  When you raise the price of anything, people take less of it, including labor.  The unemployment rate for teens remains unacceptably high.   Workers of all ages that are relatively unskilled are adversely impacted by this policy.” - William Dunkleberg

At Pasture’s Delights I have thought of the value of employing teenage people to spend time with the animals an hour or two a day so the animals are more docile, or to do odd-jobs like trimming fence rows and keeping the ditches clean. However, the value in those activities does not justify paying ever-higher (minimum) wages. So, the ditches remain dirty, the fence rows unsightly, the cows are more wild, and (I generalize a bit) teens sit at home, contribute nothing to society, get fat and earn no money.

This management decision is not about “profit” at Pasture’s Delights. Avoiding superfluous minimum wage workers helps us to keep your REAL milk affordable at a time when other costs are spiraling upward.

Minimum Wage Poverty = Resentment

“Firms cannot pay a worker more than the value the worker brings to the firm.  Raising the minimum denies more low skilled workers the opportunity to get a job and receive “on the job” training.  The impact of raising the minimum wage in 2009 on teen employment makes it very clear that this is especially harmful for young teen workers looking for their first opportunity to have a job. Raising the cost of labor raises the incentive for employers to find ways to use less labor.  Most minimum wage earners are not in poverty, yet their employment opportunities are impaired as well as those who seek employment.  This is but one of the poorly designed policies that are created by politicians who have little or no understanding of how business works.  They promise higher legislated wages or other benefits to constituents who don’t understand the true economic impact in order to gain votes.” - William Dunkleberg

I hear some wage earners remark that they will not work for minimum wage to survive (posing the question who is responsible to support them then?), or that it is not fair that they should have to work 50-60 hours a week to survive. Hold that thought. Along the same lines, back in January it was much more comfortable for many to call off work or not brave the wintry elements and stay in their house because it was too dangerous to be on the roads or too cold to be outside. Yet, it was perfectly fine for other people to have to fly the planes or keep the airline running, or for Farmer Mark, and his co-workers to be outside to endure the weather conditions. Someone had to milk the cows! If people will not work for minimum wage for 50-60 hours a week, will they understand why Farmer Mark, a business entrepreneur, risks working 70+ hours a week receiving $0 going on four years now, making tons of personal (family) sacrifice with the hope of someday of recouping my investment? I will be viewed as “rich” and not deserving of getting a return on my investment, and people (who have no clue what I invested) will want to tax me (get something for nothing) because in their eyes they don’t think I deserve more money than they do, even though they had the same opportunity to risk working for $0, working long hours, and sacrifice – as I did. Talking about wanting your cake and eating it too. (If you think this inequality is inevitable, read about the Amish community at the end of this newsletter.)

Just as there is economic consideration for a minimum wage worker, there is economic consideration for entrepreneurs to weigh the risks of low or no income, the long hours, and sacrifices if there is low or no potential for return. I am a “poor” entrepreneur. Explain to me how increasing the minimum wage is going to help me. I only wish I got paid (rewarded) what amounted to a minimum wage for the hours I put it. I, and others, have gotten paid $0 for of thousands of hours of work. On top of that I, and others, have invested $LOTS. On top of that a huge sacrifice has been required of me, my family and friends to do what it takes to rear the business. Just as the extremely wealthy perhaps have no clue what it is like to be poor or work hard to live on poverty wages, most workers who collect a paycheck, minimum wage or otherwise, have not a clue what it takes to start and rear a business to a point to where it can afford to pay its founder(s). Raising minimum wage causes existing and would-be business founders to reconsider if the risk, including the burden of increased wage/income gap, investment, and sacrifice is worth it, potentially reducing jobs and job creation potential.

If someone does not want to work hard, sacrifice, or risk that is their freedom of choice to do just that, which I totally respect. I just ask that they not think it is my responsibility to support both myself AND them.

People can read books about flying, farming and cooking all day long but that doesn’t make them a pro at any of them. If I were to talk about flying, you would probably listen to what I have to say because I am an experienced airline pilot. Because I have been grass-based farming I get calls from people who want to learn about grass-based farming. I do not get calls from Paula Dean, or any other cook, because I have zero credibility in the kitchen. Then why do people value the opinion of political leaders regarding socio-economic policy when they have no business experience? Oh, I forgot. They care more about people being poor, as if I, and others, don’t. There is a reason why the majority of business leaders and (proven) economists are against raising the minimum wage. Of course that isn’t what most people want to hear, and being that this is a democratic process people will likely vote themselves into slavery, and as the poorer get poorer and the few rich get richer the opportunity to vote and get ourselves out of this down-ward spiral slips away.

The minimum wage issue is a conversation you need to be having at the supper table with family, and when you’re talking with friends, neighbors, and co-workers. The points I bring up here you are not going to hear very often amidst all the clamoring for “raise the minimum wage!” because business leaders/economists are simply outnumbered by workers, not to mention chances are business owners putting in long hours probably have less time to afford to offer their perspective on the issue. This is why it all the more important that if you understand the implications of raising minimum wage why your help is needed. We have to act. The extent to which the citizenry is content to passively wait for someone else to solve our nation’s problems the more pain we will all inevitably feel, because if we do not act soon all that is need of fixing will be unfixable.

Implications of No Minimum Wage

  • (Potentially) lower labor wages = lower barrier entry cost to start business
  • More businesses = more product competition
  • More product competition = lower product prices
  • Lower product prices = more goods people can otherwise purchase
  • Increased demand for goods = increased demand for labor
  • In this scenario (without any interference from a minimum wage mandate), there are more businesses and business competition (wealth spread across more businesses), and increased demand for labor (more businesses and more products), wealth distributed to more workers. Unfettered free market is the great equalizer.
  • More businesses = more jobs
  • More job openings = more competition for jobs
  • More competition for jobs = increased wages
  • Increased wages = less hours have to work
  • Less hours have to work = more time for family, volunteering
  • More jobs and higher wages = less reason for people to be on welfare (social welfare programs)
  • Reduced tax burden = more take-home pay
  • More take-home pay = increased ability to help a person legitimately in need (whereas a person may “slip through the cracks” or not be aware of a government program that can help them)
  • The scenario “levels the playing field”. Increased product competition, lower prices, and increased demand for labor and labor wages = a natural convergence of the wealth gap
  • = more people working, and realizing a higher median standard of living
  • = less resentment and less conflict
  • All combined = the American Dream made possible for more time and energy to enjoy life with family and friends, and not at the expense of the others and future generations.

The Amish Model: An economy that (really) works for everyone

I never forget attending a grazing conference one winter. An Amish man told the story of his little boy seeing his parents and older siblings doing evening chores. “Dad, I want to help. What can I do?” said the boy. “Son, why don’t you come over here. You are in charge of filling the cow water tank” said the dad. A menial task, but now the boy had a sense of purpose, and felt like he was part of the (family) team. Instead of badgering the rest of his family he was contributing. The Amish dad said this freed up his time to do something requiring more skill, which contributed value, as well, to their family farm (business). The boy didn’t see any money from filling the water tank (it isn’t always about the money), but the Amish man did explain how as his children got older they began to earn more for their contributions. As adults they have a work ethic, not an entitlement mentality, and they strive to earn and provide for their families. There is no minimum wage, yet they do not live in poverty. In fact I am willing to bet that the average median household net worth (wealth) of an Amish household far surpasses that of the average (non-Amish) American household, and probably rivals some of the wealthiest communities in the state.

Because of no minimum wage, Amish have a lower barrier cost to entry to start businesses. If you think organic milk is expensive, but affordable, you can thank the Amish for seizing the opportunity to enter organic dairying and lowering the price to such an affordable level. If they had to pay minimum wages, their barrier to entry would be too high, and organic milk prices would be much higher. They are able to start dairy farms that compete against mega-dairies that resort to employing foreign labor (while taxpayers get to subsidize the social programs that go along with that). Since Amish families have started many smaller organic dairies product competition for organic milk has helped reduced the price of organic milk. Organic milk is more affordable which allows more people to benefit from organic milk.

Amish earnings from producing organic milk allow them to purchase other products, spurring Amish to start furniture businesses, construction businesses, Amish bakeries, and other businesses, thus creating a labor demand that employs their population, nixing the need for a tax burden to support those who do not work. They are able to keep a higher percentage of their income to help each other out in times of need. There is cooperation between Amish people. (At the airline, wage entitled union employees and executives foster an environment of non-cooperation.) Amish are resourceful and compete (both capitalist traits) allowing them to capture time and energy (wealth) from going to waste. This wealth allows them to purchase land, own a home, and have a healthy work/life balance conducive to raising a functional family, and live life with a smile, enjoying the reality of their American Dream come true.

Some people think Amish are backwards. Maybe we need to take a look in the mirror and see who has it backwards. It took the Israelites 40 years to make an 11 day trip. Rather than keep going around and around the mountain making the same mistakes chasing our tails, let’s follow the wisdom of our Founding Fathers. Successful workers, farmers, and business owners who were willing to risk their own lives for you and me I bet they knew what they were talking about to make the American dream possible. After all, things went pretty well until things started getting mucked up in the late 1800’s, when people began to think they knew better.

I’m a REAL American. I want the American Dream! If you do too, you know what to do: Say No to the Minimum Wage!

Email your government representative today!

Mark Grieshop
American Farmer and Entrepreneur
Pasture’s Delights

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