Thursday, August 13, 2015

The Jones Curve in Economics

"Nobody ever went broke underestimating the intelligence of the American people." Said Mencken, Barnum, Jones? It doesn't matter, it is true.

How little do Americans understand about economics? There is an outcry now to double the minimum wage to $15  an hour. The same people want  the dollar menu at McDonald's to stay and Wal-Mart to keep selling for less and they think that "dollar" tea is guaranteed in the Constitution. Sorry folks, the real world doesn't work that way. Increase minimum wage to $15 and everyone else's pay will go up as well. If the guy cooking fries gets $15 an hour, what's the plumber charging?? Taxes will go up to cover the higher wages paid to government employees. Other than teachers, of course, who will all be practicing asking, "Do you want fries with that?"

Cost of manufactured goods will go up as well. The Dollar Tree will be the $1.50 Tree. The minimum wage won't affect the slave labor in China but there is all the labor in transporting, stocking and selling the cheap stuff that will cost much more.   In three years 15 bucks will buy what 8 bucks does now. Then they will want $30 to work the counter. You should have listened in school.!!

Wednesday, August 12, 2015

Dixie Classic Fair??

Winston-Salem Councilman James Taylor (not the singer) has announced that he wants the city to change the name of the Dixie Classic Fair because "some" of the people that he represents, "find it offensive".
Last week, Winston-Salem hosted the National Black Theater Festival. As Mr.Taylor has not complained about this, let's change the name of the fair to the Caucasian Classic Fair and wait for his reaction. Let's be honest, if National Black Theater Festival is okay, why not Caucasian Classic Fair??

Sunday, August 09, 2015

Sunday Morning coming down?

I am spending a rare Sunday morning at home today. I turned on the television. Huge mistake!!  The "vast wasteland" term does not do justice to Sunday morning television.. How bad is Sunday morning television? I turned it off so I could go clean the kitchen. Yeah, that bad.

I watched almost ten minutes of Meet the Press. The host, Chuck Todd, is obviously the answer to the question, "Who is the most biased jerk on Sunday television?" I can't believe that people actually agree to appear on that show. I just assumed that a jerk of that magnitude would have to use an ambush technique to interview people.

Chuck Todd had a phone interview with Donald Trump. Probably best for both that it was on the phone. All of the pundits want to psychoanalyze Donald Trump. As they continue to criticize Trump and pronounce his campaign dead, Trump's poll numbers continue to rise. The pundits may want to look in the mirror and do a little self-analysis.

The Sunday morning media were consumed by announcing the demise of Trump's campaign, again. This is the sixth or seventh obituary for Trump's campaign in the last couple of months. How out of touch are they??

I briefly turned to Sunday Morning on CBS. Osgood does a good job, but I was being lulled back to sleep by that and just decided to turn it all off.

Off to the kitchen.

Monday, July 27, 2015

Confederate Monument in Reidsville Vandalized

The Confederate monument in Reidsville's Greenview Cemetery was vandalized on Friday. The history of our nation is under attack and our leaders sit quietly by. It's time for some new leadership in our country. Why aren't these incidents being described as the hate crimes that they are?? What if people start tearing down and defacing markers celebrating Martin Luther King? The FBI would be out looking for vandals. Where are they in this case?
These actions are the same kind of thing that Hitler used to turn the German people against the Jews.
The photo showing the damage to the monument is from the Greensboro News& Record taken on Friday. The others I took this morning show the monument and the veterans headstones all covered to prevent more damage . The idea that someone would desecrate a cemetery should offend us all!!
My son William and I were there this morning for about ten minutes. While we were there, three other people stopped to take pictures. I think that some people are underestimating the growing outrage

Wednesday, July 08, 2015

Ten years and counting

Yesterday was the tenth anniversary of this blog.

I have written more than 450 posts. In the last three years, I have not written much. Working at my new job has taken a lot of my energy. In a few months, I am taking early retirement at age 62. I hope to resume writing on a more regular basis.

What do I hope to accomplish by retiring early? First, I am trying to work on my personal health. I have spent the last 45 years working between 60 and 80 hours a week. I am just worn out. I have had Two 2 diabetes for the past 15 years and all of the treats that accompany that disease are starting to wear on me. It's tough to mange a restaurant and control diabetes. I am trying to mange my stress level before I have a heart attack. Second, I am trying to manage my mental health better. Having wrestled with attention deficit, hyperactivity and depression since childhood has left me exhausted. I need a change.

Beyond those things, I have about a 50 year list of projects that I want to do. There are lots of things that I want to do and a few places that I want to go. I was talking to a customer about this a few weeks ago and he said, "You remind me of my father a few years ago when he retired. Someone told him, "You are an old man ready to take it easy now." My dad said, "No, I am an old man just getting started."

I will keep you posted.

Thursday, July 02, 2015


Another Confederate monument has been desecrated this one in Durham. This one too, painted with the "black lives matter" tag. The question that begs asking is, if "Black Lives Matter", why are they killing each other? Have you checked the body count from Chicago lately? More young black men will be killed by other young black men than will ever be killed by the police. It's time to clean up your own house, folks!!
This reminds me of the time that Jesse Jackson was talking about walking down the street late one night and heard footsteps behind him. He was getting worried and looked back over his shoulder. He saw it was a white guy so he relaxed.
It's time for those who say that black lives matter, walk the talk. Do you even want to get into the abortion issue??

Wednesday, July 01, 2015

Dear Lowe's

Dear Lowe's
I was in your store in Reidsville about an hour ago. After picking up what I needed, I went to pay for it. The only registers open were at the self-checkout line. There ere seven customers and two registers. The other two self-checkout registers were not working. There was one employee watching customers ring up their purchases and one helping the guy in front of me ring up his purchase.
I don't know what kind of market research you did that indicated a fat, old,... grumpy guy wanted to play cashier at Lowe's, but your research is faulty. As I explained to the manager on duty, the next time I come in and there is no cashier, I will leave what I was going to buy at the checkout line and go somewhere else. It's not like there is a discount for doing it yourself.
If you are unclear on my meaning, I can direct you to a blog post that I wrote about self-checkout at Harris Teeter grocery stores. It's called U-Scan, U suck. Any Questions??
Gilbert Jones