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Come again? $3.35 in 1980 when gallon of gas was $1.00 and an average price of new house was $65,000 is more like $12 in 2014 when gas is $3.40 a gallon and average price of new house $250,000. By the way, loaf of bread in 1980 was $0.50 compared to $3.99 today. Should I continue? Lol
Quote:
Originally Posted by BigJon3475
$.25 in 1938 is the same as $4.13 today.
You can find that out on the BLS website or google BLS inflation calculator.
Anyways, opps, there goes your argument for the minimum wage should keep up with inflation.
$3.35 in 1980 would be $9.47 or in 1989 would be $6.29.
Anyways, the minimum wage is higher than inflation clearly by looking at what $.25 in 1938 would be today.
Uncle SAM, or realistically the taxpayers, have been subsidizing them for years. Every time a minimum wage earner gets $150 if foodstamps, his/her kids free lunches at school or take advantage of any other government program, the government effectively subsidizes the employers as they don't have to offer a living wage, knowing that the government will pick up the tab for the difference.
We can't have an economy where people work 50 hrs a week (if they lucky and can get 50 hours a week) and still are supported by the government. When you work should be able to support yourself, that's the purpose of work.
People are not working 50 hours a week.
The average work week for full time is 34 and 25 for part time (BLS).
In order to get off subsidies you'd have to pay these people $28-30/hour.
Come again? $3.35 in 1980 when gallon of gas was a dollar and an average price of new house was $65,000 is more like $12 in 2014 when gas is $3.40 a gallon and average price of new house $250,000.
If you are working min wage I certainly hope you don't have your heart set on that $250K home.
I cannot wait till the dems get a "living wage" established. I really want to have all my needs taken care of from a job at mcdonalds, I could really go for a low stress job that does not require much in the way of critical thinking skills or talent.
Lol living the good life working at McDonald's.... Can you I amagine how much less stressful life would be and how you can proudly say at 50 you had a career as a burger flipper?
I wonder what they'll pay doctors and rocket scientist. Uh ooh .. seems there will always be a divide in skills and pay.
People are not working 50 hours a week.
The average work week for full time is 34 and 25 for part time (BLS).
People work 34 hours because this is all they can get, not because they chose to work just 34 hrs a week. That's a huge difference.
Quote:
Originally Posted by HappyTexan
In order to get off subsidies you'd have to pay these people $28-30/hour.
Getting working folks off public assistance is a priority. Why keep $7.25 as minimum wage and let the government (or rather the taxpayers) pick up the tab for the gap rather than can raising the minimum wage anf force the employers to pay people what the real value of their labor is?
Lets stop pretending that a store clerk in Walmart has a job and lets call it what it is: a government-subsidized job program.
Last edited by risotto11; 02-05-2014 at 07:15 AM..
People work 34 hours because this is all they can get, not because they chose to work just 34 hrs a week. That's a huge difference.
Getting working folks of public assistance is a priority. We can keep $7.25 and let the government (or rather the taxpayers) pick up the tab for the gap or we can raise the minimum wage and stop subsidizing the businesses employing people for a minimum wage.
Lets stop pretending that a store clerk in Walmart has a job and lets call it what it is: a government subsidized job program.
Businesses have to get off government subsidies and start paying people exactly what the value of their labor is, and that's way above $7.25.
Like I said, you'd need to pay them $28-30/hour for unskilled work.
What company will do that ?
And do you pay the 16 year old living at home working part-time that kind of money as well ?
Other countries that have high min wage also differentiate by age. We don't.
And it would take $28-30/hour for a family of 4 to get off of SNAP, medicaid and free lunches in school.
They would need even more per hour if they are on more government programs.
The "value" of their labor is recorded as revenue generated per employee.
That's how staffing software works.
Yum Brands for example shows $24K revenue generated by each employee.
That is gross revenue.
You can't possibly pay that Yum worker $15/hour for 29 hours work ($23K) and think you can still operate a business.
Lol living the good life working at McDonald's.... Can you I amagine how much less stressful life would be and how you can proudly say at 50 you had a career as a burger flipper?
You think flipping burgers is so easy? Standing all day in heat over a deep frier?
When I was in college I supported myself by driving a cab at night. It was for very good money but it also made me try harder so i'll never have to work that hard again.
Quote:
Originally Posted by Isee-you
I wonder what they'll pay doctors and rocket scientist. Uh ooh .. seems there will always be a divide in skills and pay.
Are you trying to say that bringing the minimum wage to $12 or even $20 would make it close to a salary of a doctor? Hilarious .
You think flipping burgers is so easy? Standing all day in heat over a deep frier?
When I was in college I supported myself by driving a cab at night. It was for very good money but it also made me try harder so i'll never have to work that hard again.
Are you trying to say that bringing the minimum wage to $12 or even $20 would make it close to a salary of a doctor? Hilarious .
Even in the 70's one didn't stand "all day over a deep fryer".
You put those frozen fries in a basket, drop it in the fryer and press a button and leave.
When the fries are ready it "rings".
Have you ever been in a McDonald's ? Have you ever worked FF ?
I have. No one is positioned anywhere all day.
Come again? $3.35 in 1980 when gallon of gas was $1.00 and an average price of new house was $65,000 is more like $12 in 2014 when gas is $3.40 a gallon and average price of new house $250,000. By the way, loaf of bread in 1980 was $0.50 compared to $3.99 today. Should I continue? Lol
you like to exaggerate don't you
in 1980 a loaf of bread was .99 today its 1.99....if you are paying 3.99...you are way overpaying
in 1980 a new home was 100k...today the average new home is 200k
you have been measured, and found short
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