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Old 02-12-2013, 07:58 PM
 
9,600 posts, read 2,764,621 times
Reputation: 2299
Quote:
Originally Posted by plates View Post
It would be simple enough to implement even if passing it would be difficult
The government isn't foolish enough to tell companies what their profit level should be. It's best not to interfere with the market especially when companies can automate jobs. Take grocery stores for example, grocery stores have about a 2% profit margin and if you prevent them from raising prices they will cut their costs to maintain profitability. The easiest way to cut costs is through labor, instead of cashiers they will buy self checkout machines.
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Old 02-12-2013, 10:19 PM
 
Location: Living on the Coast in Oxnard CA
10,227 posts, read 13,368,529 times
Reputation: 11691
Quote:
Originally Posted by trailblazer33 View Post
That would be hilarious if it wasn't so painfully untrue. Look at the richest 400 Americans. Almost none of them are "self starters." They all inherited it.
Except for the more than 69% of the list that are self made billionaires. 279 of the 400 richest Americans made their own money.
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Old 02-12-2013, 10:35 PM
 
186 posts, read 136,976 times
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Quote:
Originally Posted by SOON2BNSURPRISE View Post
Except for the more than 69% of the list that are self made billionaires. 279 of the 400 richest Americans made their own money.
And other than Oprah, it's a pretty white group. That ought to tell you it isn't as easy as simply pulling yourself up by your bootstraps.
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Old 02-13-2013, 11:17 AM
 
21 posts, read 14,576 times
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Seven is like, the most robust sample size, ever.

Also, Warren Buffett's father was a U.S. Congressman... not exactly a poorly connected individual even early in life.
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Old 02-13-2013, 07:59 PM
 
21,478 posts, read 35,445,493 times
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Default Did you read the article...

Quote:
Originally Posted by WinsingtonIII View Post
Seven is like, the most robust sample size, ever.
...
Pretty good advice: We all know that starting as a newspaper boy or parking lot attendant doesn't promise you'll be a billionaire. What is interesting about the careers of these billionaires is that they discovered their passion at an early age, proving that following your passion can pay, sometimes in the billions.

I really don't think minimum wage jobs are supposed to inspire anyone with even a modicum of drive to do other than "move to something better"...
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Old 02-14-2013, 09:37 AM
 
186 posts, read 136,976 times
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Quote:
Originally Posted by chet everett View Post
I really don't think minimum wage jobs are supposed to inspire anyone with even a modicum of drive to do other than "move to something better"...
Except that, by design, those "in charge" are making sure there are no jobs available to those who want something better. Most "good" middle-income jobs have been destroyed. So all most can hope for now, even if they want better, is to work a minimum wage job. This is why raising the minimum wage is important. Over the next decade, 7 of 10 new jobs will be low wage, according to the Bureau of Labor Statistics.

The U.S. Jobs Crisis and the Reserve Army of Labor Counterpunch: Tells the Facts, Names the Names

Could YOU survive on 9, 10, 11 dollars an hour?
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Old 02-14-2013, 10:19 AM
 
Location: Living on the Coast in Oxnard CA
10,227 posts, read 13,368,529 times
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Quote:
Originally Posted by trailblazer33 View Post
Except that, by design, those "in charge" are making sure there are no jobs available to those who want something better. Most "good" middle-income jobs have been destroyed. So all most can hope for now, even if they want better, is to work a minimum wage job. This is why raising the minimum wage is important. Over the next decade, 7 of 10 new jobs will be low wage, according to the Bureau of Labor Statistics.

The U.S. Jobs Crisis and the Reserve Army of Labor Counterpunch: Tells the Facts, Names the Names

Could YOU survive on 9, 10, 11 dollars an hour?
Not sure how things are in Chicago but here in California there are lots of places that one could get a very good job. Education is the key to this and the pay is knowledge based. Nursing is one area that the pay is very good and the entry into the field is somewhat easy. Around here our Junior Colleges prepare individuals to become RN's. Pay may be regional as well, our RN's where I work start off at $33 an hour for the first 6 months and $36 and hour up to 12 months. Within a year they could be making close to $40 an hour. On top of that in California pay is based on an 8 hour work day but many hospitals work 12 hour shifts meaning that the 4 of those hours are paid at time and a half.

What you may be seeing is a shift in the kind of work that pays. Things have changed and workers need to change with the times. Those that do will continue to make a good pay check, those that don't will end up working 2 jobs to stay ahead.
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Old 02-14-2013, 10:27 AM
 
186 posts, read 136,976 times
Reputation: 105
Quote:
Originally Posted by SOON2BNSURPRISE View Post
Not sure how things are in Chicago but here in California there are lots of places that one could get a very good job. Education is the key to this and the pay is knowledge based. Nursing is one area that the pay is very good and the entry into the field is somewhat easy. Around here our Junior Colleges prepare individuals to become RN's. Pay may be regional as well, our RN's where I work start off at $33 an hour for the first 6 months and $36 and hour up to 12 months. Within a year they could be making close to $40 an hour. On top of that in California pay is based on an 8 hour work day but many hospitals work 12 hour shifts meaning that the 4 of those hours are paid at time and a half.

What you may be seeing is a shift in the kind of work that pays. Things have changed and workers need to change with the times. Those that do will continue to make a good pay check, those that don't will end up working 2 jobs to stay ahead.
Why is it in this country one has to earn a college degree at a chance at a living wage? Not everyone can afford it, time-wise, money-wise... the point is, most people working minimum wage jobs are over the age of 25. They deserve a living wage, too, and 9 bucks an hour ain't a living wage.
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Old 02-14-2013, 10:54 AM
 
Location: Living on the Coast in Oxnard CA
10,227 posts, read 13,368,529 times
Reputation: 11691
Quote:
Originally Posted by trailblazer33 View Post
Why is it in this country one has to earn a college degree at a chance at a living wage? Not everyone can afford it, time-wise, money-wise... the point is, most people working minimum wage jobs are over the age of 25. They deserve a living wage, too, and 9 bucks an hour ain't a living wage.
You don't need to earn a college degree to earn a living wage. You could do many things that do not take an education to make it in life. For years though it has been pushed that getting a college degree will make it somewhat easier to hit the mark than in not getting a college degree. I tell my kids all the time that if you want to make it in life their are plenty of paths to success. If you have a chosen path and have figured out a way to make it with that path then run with it. If not then consider an education and or training in something that will pay you the money needed for your chosen lifestyle.

No one is going to hand you anything in this country. For people that want more, they have a need to do something to place them in a position to get what they need. That is why this is such a great nation. No one is keeping anyone from success. We make our own.

If you think that you are worth more than $9 an hour and no one else agrees with you then go out on your own and get more. You know your own worth better than anyone else. You don't have to let an employer tell you how much you are worth.
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Old 02-14-2013, 11:36 AM
 
147 posts, read 62,370 times
Reputation: 97
I agree with those who have said that the minimum wage is intended for kids who are just starting out (and regarding Trailblazer33's assertion, the Bureau of Labor Statistics actually reports that about half of people working at minimum wage or less are under age 25.) It is not intended to be a living wage, nor should it be. There are plenty of better paying jobs out there, and many of them don't require a bachelor's degree, but one needs the skills, experience and a positive work record to get them. The goal of the minum wage should be so that unskilled people, or those that have been out of the workforce for a while, can get paying jobs where they can prove themselves and/or learn the skills and self-discipline needed to succeed at better paying work.

As for raising the minimum wage, there are certainly some interesting arguments in favor of it, but I don't know. Minimum wages only apply where the work is worth less than that amount to the employer, so it's like an extra tax on the employer. It would probabaly be fairer to increase the earned income credit, because at least society at large would be picking up the tab.

Also, minimum wage increases may give a short term bump to the economy, but eventually, the market adjusts so higher skilled workers get a bump as well; once higher employment costs spread across an industry, employers can start to pass those costs on to consumers through higher prices, and people in general having more money to spend also drives up prices, contributing to inflation, so any gains for the bottom level workers from the minimum wage hike are wiped out.

It would be nice if there was a way to separate a living wage from the minimum wage, but I can't think of a way to do so that wouldn't be counterproductive.

Last edited by EJ3791; 02-14-2013 at 11:38 AM.. Reason: Correction
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