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Message
re: When did minimum wage become living wage?
Posted on 6/7/17 at 11:10 am to ManBearTiger
Posted on 6/7/17 at 11:10 am to ManBearTiger
quote:
is the post I initially responded to in
When your interpretation is longer in trying to explain what you thought I said, that says a lot about your interpretation.
0
Posted on 6/7/17 at 11:11 am to HeyHeyHogsAllTheWay
quote:
Even if it IS just about optics. We have policies which allow employers to rake in millions of dollars a year while paying lower level employees so little that they qualify for welfare and then brag about it by instructing those employees how to get "their fare share" of welfare dollars.
Then yall wonder why Bernie Sanders almost overcame impossible odds to become the DNC candidate for President?
If this isn't fixed, and fixed soon, we will have REAL socialists taking offices. Then we're fricked.
Ok, so how do you fix it? Capping executive pay is really stupid and would lead to a lot of unforeseen consequences - a lot of larger firms would just move executive suites overseas, for starters.
Raise the minimum wage? Higher UE, especially under 35 UE, and slower growth, yay. Spain, here we come.
Posted on 6/7/17 at 11:19 am to AbuTheMonkey
quote:
Ok, so how do you fix it? Capping executive pay is really stupid and would lead to a lot of unforeseen consequences - a lot of larger firms would just move executive suites overseas, for starters.
Raise the minimum wage? Higher UE, especially under 35 UE, and slower growth, yay. Spain, here we come.
no i don't give a shite what cmpanies pay their CEOS, I ONLY CARE That full time fricking employees are making wages so low that they fricking qualify for welfare. And i'm talking about a single person with no dependents, I don't give a shite about the idiot with 4 kids making $8 an hour. She's stupid and no one owes her a salary that would support 5 people.
Wnat would I DO? Duh, I'd raise the minimum wage up to where it actually meant anything. Honestly at $7.25 an hour the min wage may as well be $4 an hour. What's the difference, we'd just give those employees a little more welfare is all.
Raise the minimum wage to $10 an hour and you take hundreds of thousand, maybe even millions of people off welfare. That is that simple.
ANd don't give me that bullshite about unemployment would rise up because historical evidence PROVES that unemployment rises around 2% for the first year when the minimum wage is increased but quickly settled back down.
LINK
Now obviously there is a tipping point , double the minimum wage and yes a lot of people will suddenly be unemployed, but increase it to $10 an hour and it's doubtful you'd see much if any change.
Posted on 6/7/17 at 11:33 am to HeyHeyHogsAllTheWay
quote:
Wnat would I DO? Duh, I'd raise the minimum wage up to where it actually meant anything. Honestly at $7.25 an hour the min wage may as well be $4 an hour. What's the difference, we'd just give those employees a little more welfare is all.
Raise the minimum wage to $10 an hour and you take hundreds of thousand, maybe even millions of people off welfare. That is that simple.
ANd don't give me that bull shite about unemployment would rise up because historical evidence PROVES that unemployment rises around 2% for the first year when the minimum wage is increased but quickly settled back down.
LINK /
Now obviously there is a tipping point , double the minimum wage and yes a lot of people will suddenly be unemployed, but increase it to $10 an hour and it's doubtful you'd see much if any change.
$10/hour nationally? Here's an idea - peg it to COLA by zip code, and you might have something. And the only reason UE usually settles back in is because the minimum wage drops back below wage floors as inflation pushes wages higher. The natural wage floor right now is probably above the minimum, but not by much, and it depends on your geography. And, by the way, only about 1.5 million actually make minimum (out of a labor force more than 100X that), and a significant chunk of those (probably the majority) aren't breadwinners. You're acting as if there is this huge population on MW and sucking up welfare - it's a myth.
A 30% jump in the minimum wage would definitely have an effect on unemployment, probably by several percentage points, and it would seriously hurt lower income areas.
This post was edited on 6/7/17 at 11:35 am
Posted on 6/7/17 at 11:34 am to HeyHeyHogsAllTheWay
quote:
Raise the minimum wage to $10 an hour and you take hundreds of thousand, maybe even millions of people off welfare. That is that simple.
Posted on 6/7/17 at 11:36 am to Homesick Tiger
quote:similar to how we aren't sure how millennials are to blame for the pussificiation of america
Not sure how the boomers are responsible for all your ill will towards us.
we didn't create participation trophies. that was on you guys.
Posted on 6/7/17 at 11:42 am to jimbeam
When did food stamps and welfare become a living wage?
Posted on 6/7/17 at 11:45 am to AbuTheMonkey
quote:
And, by the way, only about 1.5 million actually make minimum (out of a labor force more than 100X that), and a significant chunk of those (probably the majority) aren't breadwinners.
Just copy/pasting this because it needs to be seen and seen again and seen one more time by all.
Posted on 6/7/17 at 11:46 am to Machine
quote:
we didn't create participation trophies. that was on you guys.
True, we created a generation of whiney bitches.
Posted on 6/7/17 at 11:47 am to RogerTheShrubber
quote:step 1: check
True, we created a generation of whiney bitches.
Posted on 6/7/17 at 11:48 am to Machine
quote:
check
always looking for handouts Posted on 6/7/17 at 11:49 am to Homesick Tiger
The boomers aren't responsible. Don't you know today's generation must place blame on someone or something for anything negative that occurs in their life?
I'm not a baby boomer for the record.
I'm not a baby boomer for the record.
Posted on 6/7/17 at 11:49 am to jimbeam
Minimum wage in 2017 (lol)
Automation and Ubi immediately or we will continue the decline
Automation and Ubi immediately or we will continue the decline
Posted on 6/7/17 at 11:52 am to HeyHeyHogsAllTheWay
quote:
no i don't give a shite what cmpanies pay their CEOS, I ONLY CARE That full time fricking employees are making wages so low that they fricking qualify for welfare
you do realize when this happens, the federal government will then just lower the standards for welfare programs, right?
Posted on 6/7/17 at 11:53 am to Machine
quote:
we didn't create participation trophies. that was on you guys.
Nah, that was our kid's generation doing that. I'm pretty sure my generation told our kids "you lost, you don't get a trophy unless you win one".
Posted on 6/7/17 at 11:54 am to Homesick Tiger
Aside from that, put a car from the 40/50's up against a car today. Unless it for collection/novelty, nobody would prefer a vehicle from the 40/50's. Technology advances and guess what? It costs money. If people were so concerned with the costs they could go get a Nissan Versa brand new for 12k. You could get a low mileage vehicle for around 5 right now (that's still more comfortable and technologicaly advanced than top 40/50's models) but people want to lease shite they can't afford. "It's the baby boomers fault I can't afford my charger!"
This post was edited on 6/7/17 at 11:56 am
Posted on 6/7/17 at 11:54 am to piggilicious
quote:
Just copy/pasting this because it needs to be seen and seen again and seen one more time by all.
That is true, but how many make less than $10 an hour and thus qualify for welfare?
LINK
$152.8B spent on welfare for "working families" now it is true that a number of those are people who are having kids they can't afford which drives up how much they can earn and still qualify for welfare. But whatever, the case remains even a family of two kids and one parent doesn't qualify for welfare if the one parent is working full time $10/hr. If that takes 25% of those people off welfare even, that's a savings of what $38B to tax payers?
Posted on 6/7/17 at 11:54 am to Brazos
quote:
The boomers aren't responsible.
the boomers conrolled america when our debt exploded from less than $2T to almost $20T
see that sharp rise? that's when the boomers were 40-50 and older (aka, when they ran shite)
Posted on 6/7/17 at 11:57 am to HeyHeyHogsAllTheWay
quote:
That is true, but how many make less than $10 an hour and thus qualify for welfare?
LINK /
$152.8B spent on welfare for "working families" now it is true that a number of those are people who are having kids they can't afford which drives up how much they can earn and still qualify for welfare. But whatever, the case remains even a family of two kids and one parent doesn't qualify for welfare if the one parent is working full time $10/hr. If that takes 25% of those people off welfare even, that's a savings of what $38B to tax payers?
And what do you lose on loss of tax receipts from correlated economic contraction/slower growth and a higher UE? This isn't a free lunch, dude.
Posted on 6/7/17 at 12:03 pm to HeyHeyHogsAllTheWay
quote:
Now obviously there is a tipping point , double the minimum wage and yes a lot of people will suddenly be unemployed, but increase it to $10 an hour and it's doubtful you'd see much if any change.
I live in the KC area and I believe most low skill workers are starting above the 7.25/hr at convenient/grocery stores and fast food joints.
But let's be honest, if you're the owner/operator of a convenient store or fast food joint and the government says you're going to pay 30-35% per hour you are not going to eat those increases.
So all merchants raise their product prices accordingly and the true cost is actually more than the 30-35% when payroll taxes are taken into consideration. So the consumer is really who pays for the increase in the minimum wage.
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