{"id":617,"date":"2006-11-08T09:08:01","date_gmt":"2006-11-08T16:08:01","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=617"},"modified":"2006-11-08T09:26:20","modified_gmt":"2006-11-08T16:26:20","slug":"run-faster-theres-a-new-minimum-wage-in-arizona","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/617\/run-faster-theres-a-new-minimum-wage-in-arizona\/","title":{"rendered":"Run faster: There’s a new minimum wage in Arizona . . ."},"content":{"rendered":"

The voters of Arizona passed a number of those pernicious ballot initiatives Cameron argued against Monday night<\/a>.<\/p>\n

Probably the most consequential is a coercive increase in the minimum wage. Warm-hearted people like to think of poor people making more money, but the net consequence of minimum wage laws is to get marginal employees — such as teenagers, the handicapped and people recovering from really bad decisions — fired, while lowering the marginal costs of alternatives to local human labor.<\/p>\n

In other words, when you raise the marginal cost of employing goofy neighborhood kids, you essentially lower the marginal cost of adding labor-saving equipment or sending that labor off-shore. This is pure Bastiat<\/a>, the seen and the unseen. What is seen are the shiny, happy people working at Taco Bell — already a capital-intensive response to high labor costs — for much more money. What is not seen are the many more people who had been<\/i> working there, but who were fired because they were unprofitable at the coerced higher wage.<\/p>\n

The good news is, if you own, say, a real estate brokerage, the cost of independent-contractor labor just went down, and the quality of the labor pool soared.<\/p>\n

Remember, avoiding slavery is easy. Just keep running faster and faster…<\/p>\n

Here’s are some faster-paced idea to speed the race:<\/p>\n

Google Blogoscoped<\/a> and TechCrunch<\/a> both have news on like.com<\/a>, a visual search engine. Like images.google.com or whatever, you can do keyword searches for images. But the cooler feature set is to use an image to search for other, similar images. Picture yourself standing outside a house, looking at all the junk mounted around the electrical panel, and the client says, “What’s that?” Wouldn’t it be sweet to whip out your digital camera and reply, “Let’s find out.”<\/p>\n

The XBroker<\/a> nails a manifesto to the door of the Treasury.<\/p>\n

Christine Forgione at NY Houses 4 Sale<\/a> has a stout defense of why you need a Realtor. (Am I the only person who sees this site as one giant link? Real Estate Snippets<\/a> look like this to me, too, like everything is encapsulated within one giant link.)<\/p>\n

Kris Berg from The San Diego Home <\/a>Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The voters of Arizona passed a number of those pernicious ballot initiatives Cameron argued against Monday night. Probably the most consequential is a coercive increase in the minimum wage. Warm-hearted people like to think of poor people making more money, but the net consequence of minimum wage laws is to get marginal employees — such […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,4,6,5],"tags":[],"class_list":{"0":"post-617","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-blogging","7":"category-disintermediation","8":"category-marketing","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":214,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/214\/conjurers-confounded-reality-is-what-it-is\/","url_meta":{"origin":617,"position":0},"title":"Conjurers confounded: Reality is what it is . . .","author":"Greg Swann","date":"August 15, 2006","format":false,"excerpt":"Joel Burslem:If enough people believe their Zestimate to be true (consumers, journalists, realtors, whomever) - then reality really can be altered. It just shows how malleable the wisdom of the crowds really is.Oh, good grief... Consciousness does not cause reality. The meta-topic is interesting, however, first because it highlights one\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18322,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18322\/overnight-news-bad-news-pacaso-buyers-the-real-estate-market-turns-first-and-worst-on-marginal-products\/","url_meta":{"origin":617,"position":1},"title":"Overnight News: Bad news, Pacaso buyers: The real estate market turns first and worst on marginal\u00a0products.","author":"Greg Swann","date":"July 17, 2021","format":false,"excerpt":"There's Pacaso news linked below, but it's just a regurgitated press release. I've written a ton about them, but that makes one of me. But if the real estate market is turning, it will turn first and worst on marginal products \u2013 those easiest to do without. That means all\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":11716,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/11716\/dawn-in-america-part-3-5-who-needs-jobs\/","url_meta":{"origin":617,"position":2},"title":"Dawn in America Part 3.5- Who Needs Jobs?","author":"Brian Brady","date":"April 6, 2010","format":false,"excerpt":"The current Adminsitration has its target on one more component of the capitalist model; free labor.\u00a0 From today's Wall Street Journal: You might therefore expect a federal effort to encourage employers to give unskilled youngsters a chance. You would be wrong. The feds have instead decided to launch a campaign\u2026","rel":"","context":"In "Flourishing"","block_context":{"text":"Flourishing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/flourishing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1428,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1428\/ask-the-broker-buy-now-buy-later\/","url_meta":{"origin":617,"position":3},"title":"Ask the Broker: Buy now? Buy later?","author":"Greg Swann","date":"May 14, 2007","format":false,"excerpt":"This question concerns the Phoenix-area, but feel free to answer it for your own local market -- just tell us where you are.Which would be more attractive? The 8 month market or the 14 month? I'm literally on the CUSP of being able to buy and with kids already transferring\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4418,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4418\/fannie-and-freddie-fall-to-foreclosure-but-still-lenders-lend\/","url_meta":{"origin":617,"position":4},"title":"Fannie and Freddie fall to foreclosure, but, still, lenders lend","author":"Greg Swann","date":"September 14, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). \u00a0Fannie and Freddie fall to foreclosure, but, still, lenders lend I write this column at the beginning of the week, and it appears at the end of the week. My topics are usually timeless, but, if I\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15417,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/15417\/hey-california-realtors-are-you-making-minimum-wage-for-your-efforts-if-not-your-broker-just-went-into-cardiac-arrest\/","url_meta":{"origin":617,"position":5},"title":"Hey, California Realtors: Are you making minimum wage for your efforts? If not, your broker just went into cardiac arrest.","author":"Greg Swann","date":"December 5, 2011","format":false,"excerpt":"Teri Lussier pointed this out to me last week, and I've been waiting since then for someone to plumb the implications. Ah, well, when there's constabulary work to be done... Here's the news: The state of California is making ZipRealty pay it agents minimum wage for their time. That's huge.\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=617"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/617\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}