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At $30 per hr everyone that was working a minimum wage job should be able to buy a $180K house. Or so. That is my point. We are way over built on houses. This is going to be driving the prices down for a very long time to come. Decades. Tens of years. If you want this mess to be over in your lifetime then up minimum wage by 4X now!!!!
in my ares a basic house was 125-150k in 1995....in 2005 a basic house was 450-500k....dont you just think that housing prices need to comeback down to where a workingclass person can afford it
why would you CONTINUE to deVlaue the dollar
you do realize that increasing the minimum would also increase EVERY OTHER salary out there,,, and the cost of every ITEM we buy with those dollars...or should we go the way of the ruuble(sp?)
Um, I think they ARE working class people who are buying them.
Oooh! Oooh! Let's give everyone 1 million bucks a year, for the rest of their life, too! Then we can all be millionaires and live millionaire life styles!
Even the door man would be a millionaire! That guy, making your burger, a millionaire! Your fishmonger, your butcher, the girl at the cash register, all millionaires! It would be a Utopia....hey, wait a minute.....
You are either still too young to have had a real job or you have never had a private sector job in your life. In the real world, people get raises for their performance and your salary is determined by skill and the free markets.
Every skill set has a value to someone.
That value is different from person to person and region to region.
I've asked this question many times in different threads and have never gotten an answer.
What is the value of having a pizza delivered to you?
20 years ago, it was $1. To many it was some spare change.
Today, many people STILL give the guy $1. Why?
What about a baby sitter?
What do you pay a baby sitter?
Or the bagger at the grocery store?
Do you now pay a pizza delivery guy $4? Why not? Doesn't he "deserve" it?
Think things through before speaking.
The one eyed man is king in the land of the blind!
Eliminate the minimum wage. If you want to earn more, then make yourself worth more!
Some have trouble with this simple concept. You know people that want to be taken care of and think the world, and their country owes them something. You know the ole, "living wage" argument.
We have been living on an exponential debt curve. We have been on it for thousands of yours. It is an exponential debt curve. It goes like this next year we need about 3% more debt than this year etc. Going forward for the first 50~60 years the curve is very flat. Then it goes vertical. It has been doing this from the tulip bulb bubble Or get the banks to put that amount in deposit in the fed as reserves. It wasn’t our government that printed the money.
Debt has cycled, we are at a massive cyclical peak. Again. debt based currency can only exist with debt.
The problem I see with your focus is you keep looking at the symptoms, not the disease, you will never find the correct prescription that way.
Well, you know, lazy people deserve wealth too.. it's not their fault they have no motivation or marketable skills. They've been beat down by the rest of us all their lives and have just given up. I SO feel sorry for them and feel they absolutely deserve at least $20/hour. Yeah, that's the ticket.
Knowing that 4X is a brand of condom, I thought, you'd still get screwed. Of course, not all jobs are subject to minimum wage. Chicago cab drivers reportedly earn about half that and a recent report said that some multilevel marketers average $1.50 an hour. That does not take into account some who pay illegal aliens less.
it is convenient to have a unit of exchange of wealth. A lot of people confuse the unit for the real thing. A dollar isn't wealth it is a carrier of wealth. It allows the transfer of wealth from one location to another conveniently. With a dilution of the worlds reserve by a 3X in ten years we will be seeing inflation. With the feds printing press in overdrive we will be seeing a lot of it.
Well you can melt down zinc pennies for a profit so the dollar isn't even worth its weight in zinc.
I only got so much use of zinc. I wish the blasted things were pewter.
I agree the paper dollar is a tool, but you can't say what the tool will buy on a given day anymore. Once for it you could have gold and or silver, which was the basis if the value. Today there isn't even the slighest feeble promise of squat.
A million bucks could be just that a hell of a lot of little green papers, and if the Japanese and the Euro have their way the USD will be phased right out of existance.
I don't know if you are into metals and the like, but i can't understand why coins are made as bi-metals as brass and nickel (the Euro and some Canadian coins) Combined with acids of human fingers it creates toxins.
Because the worlds monetary base did a 3.3333X over the last decade, with the printed money going through the US economy, and we need to up the minimum wage just to keep up with inflation.
Why? The government just takes most of it away in the form of taxes either way.
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