Bill O'Reilly Quotes
The gap between rich and poor under President Obama is getting bigger because fewer well-paying jobs are available. Corporations are being taxed to the hilt and are loathe to add more workers. Thus, salaries fall because there are more than enough applicants to fill any job vacancy.
O'Reilly, Bill. "The Wealth Gap." Creators Syndicate, 12 Oct. 2013.
Although aggregate employment has remained relatively stable as global free trade has become the U. S. policy, there has been major employment disruption with some types of people benefiting and others like blue collar manufacturing workers having their entire careers wiped out. Port cities like Seattle, Baltimore have boomed while Midwestern manufacturing cities have deteriorated greatly.
This is a statement that in the early 21st century would be made only by ultra liberals. But in the in the late 1940’s this was not only standard democratic party thinking, but a large number of Republicans thought of the Government as the employer of last resort including their Presidential standard bearer.
At the time there was great demand for skilled computer programmers and other technical skills. But there was insufficient demand for many of the skills that the American Workforce such as airplane mechanics, or TV Camera people for example.
The nation was divided over the issue of immigration. Many observed that the vast majority of the immigrants—especially the illegal immigrants performed jobs for which American workers could not be hired. Opponents like the congressman, claimed that if better wages were paid Americans would be doing the jobs, and as long as there were immigrants who would work for low wages, there was little reason for employers to pay more.
This is the classic conservative argument against raising the minimum wage. Historically, if the minimum wage was raised well after there has been a period of wage inflation, there has been little or no negative effect on the lowest paid workers. However, when the minimum wage has been raised during a period of wage stability, there is an effect of making some workers simply not worth the rate that they must be paid. However, even then, after a year or two, the negative effect begins to dissipate.
There are some conservative economists and businessmen who believe that it is desirable to have some unemployment as a bulwark against inflation. If there are people without jobs, they will hold the general wage rates down.
William James O'Reilly Jr. is an American journalist, author, and former television host.
