Pelosi,Min.Wage&Her Fat Cat Tuna Friends

[White_Male_Canada]

Well,well,well. Seems Pelosi and her billionare friends may be in cahoots.

Nancy Pelosi has exempted StarKist tuna which is actually Del monte,primarily the StarKist tuna factory on American Samoa, from the minimum wage bill.

They are in her district, it seems that Del Monte Foods is headquarted in San Francisco. Coincidence?

Del Monte purchased several brands from Heinz in an all stock purchase that gave Heinz stock holders 75% ownership in Del Monte and left original Del Monte stock holders with only 25%.

It also seems that Pelosi owns shares in Del Monte. The Pelosi family has a net worth of over US$25 million, primarily from Paul Pelosi's investments.Nancy Pelosi's husband Paul Pelosi is a primary Del Monte investor.

Are any of their company holdings unionized?

Did Pelosi disclose that she and her husband may own Del Monte holdings on her Congressional Disclosure Form ?

Is Pelosi admitting their trickle up theory is just that,theory?

Did Pelosi exempt a company or companies from their minimum wage act that she or her family has direct or indirect ties to ?

[White_Male_Canada]

PELOSI'S TUNA SURPRISE
Economists of every political stripe agree that a higher minimum wage will cost some low-skill workers their jobs, says the Wall Street Journal.

Even Speaker Nancy Pelosi seems to understand this. Despite leading efforts to pass minimum wage increases, she granted a reprieve to American Samoa, which has a big fish and tuna canning industry, specifically operations run by StarKist and Chicken of the Sea. Both companies are headquartered in California, and StarKist's parent is located in none other than Speaker Pelosi's own San Francisco district. Democrats rediscovered the eternal economic truth that a higher minimum wage can cost jobs and granted Samoa its reprieve:

In 2004, according to the Department of Labor, Samoan canneries directly employed some 4,800 people, or nearly 40 percent of the work force.
StarKist and Chicken of the Sea would have plenty of other low-wage locations to do their canning; the average hourly wage for the American Samoan canneries in 2004 was about $3.60.
In contrast, the average cannery wage in Thailand was 67 cents an hour and in the Philippines 66 cents.
You don't have to go as far as American Samoa to discover other liberals who understand this -- at least when they do the hiring, says the Journal:

In 1995, the union-financed lobby, Acorn, sued California seeking exemption from the state's then-$4.25 minimum wage.
Acorn argued in its court brief that the more they must pay each individual outreach worker -- either because of minimum wage or overtime requirements -- the fewer outreach workers it will be able to hire.

None of this insight will do American Samoa much good, however. Red-faced after her tuna surprise was discovered, Speaker Pelosi announced that she was to re-examine whether the bill also should apply to the Pacific island.
http://www.ncpa.org/sub/dpd/?page=article&Article_ID=14074

[White_Male_Canada]

MINIMUM WAGE = MINIMUM EMPLOYMENT

Minimum wage floors price out the low-skilled workers they are meant to help, according to the Institute for Research on the Economics of Taxation (IRET).

According to the Labor Department, as of 2004:

Less than 3 percent of hourly wage workers were paid at or below the federal minimum wage.

About half are under age 25, and about a quarter are teenagers.
Less than 2 percent of workers 25 or older get the minimum wage or less.
About 60 percent of these low-wage workers were in the leisure and hospitality industry, primarily food services and drinking places, where wages are supplemented by tips.

Nonetheless, there are minimum wage recipients who need work to support themselves and their families. But history has shown that raising minimum wage levels only hurt (often intentionally) low income workers, says IRET:

The 1931 Davis-Bacon Act, requiring "prevailing" wages on federally assisted construction projects, was supported by the idea that it would keep contractors from using "cheap colored labor" to underbid contractors using white labor.

Apartheid South Africa enacted a minimum wage to price low-skilled black workers out of selected trades.

In the 1950s, New England textile manufacturers supported Sen. John F. Kennedy's efforts to increase the federal minimum wage to prevent competing mills from starting up in the low-wage South.

Today, the biggest backers of minimum wage hikes are unions. Their intent -- similar to the past -- is not to raise the incomes of the poor. Rather, they seek to block low-wage workers from competing with higher-skilled, but also higher-priced, union members. They then demand a raise of their own wages,thereby creating inflation and leaving the (new) minimum wage earners in exactly the same place they were in terms of purchasing power.

[corbomite]

what was that about the most ethical congress ever of all time we promise :lol:

something sure smells fishy :lol:

[White_Male_Canada]

what was that about the most ethical congress ever of all time we promise :lol:

something sure smells fishy :lol:


Somehow ethics,Pelosi,Murtha,Jefferson, just don`t mix.