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Old 05-22-2015, 03:33 AM
 
79,907 posts, read 44,199,011 times
Reputation: 17209

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Quote:
Originally Posted by radiolibre99 View Post
I'm not selling anything. Let me help you understand. Adjusted for inflation it's at 10. Adjusted for the increased productivity it should be at 20

Elizabeth Warren: Minimum Wage Would Be $22 An Hour If It Had Kept Up With Productivity

Liz Warren explains it all.

The study she cites. Minimum Wage Would Be $21.72 If It Kept Pace With Increases In Productivity: Study
That's a simply made up number. Fast food workers don't work any better today than at any time in the past. If one had a ditch digger than dug ditches by hand and then he get a back hoe, yeah, he will be more productive also.

I try to like her but then she does stupid stuff like this. You don't deserve a raise because someone else made your job easier.

 
Old 05-22-2015, 03:35 AM
 
79,907 posts, read 44,199,011 times
Reputation: 17209
Quote:
Originally Posted by RaymondChandlerLives View Post
No, he's right, had wages kept up with productivity, our minimum wage would be at least $19/hr right now. Truth is, only our richest Americans have benefited in recent years from our extraordinarily productive US economy, a sad victory for GOP economic principles.
They have benefited because the government has printed money and filled their pockets.
 
Old 05-22-2015, 04:25 AM
 
Location: Just over the horizon
18,461 posts, read 7,089,783 times
Reputation: 11701
Quote:
Originally Posted by Dane_in_LA View Post
See, now you've touched on one of those points that drive the righties from fly-over states absolutely insane. They've decided in their minds that California is a horrible, socialist hellhole, yet they're faced with the fact that people gladly pay very well indeed to live here.

Faced with the impossibility of reconciling their notions of California with their notions of the market's sacrosanct infallibility, some watertight bulkheads have gone up in their minds.

Ummm.....it costs a fortune to live in California because it's a horrible, socialist hellhole.
 
Old 05-22-2015, 06:24 AM
 
Location: NE Ohio
30,419 posts, read 20,306,967 times
Reputation: 8958
Quote:
Originally Posted by censusdata View Post
American has a much larger number of "moochers" than Western Europe, Canada, or Australia despite those countries having great "free" benefits like health care. There are huge sections of rural America where 30% to 70% lives off of welfare rather than working at all. Half the total income of Eastern KY and most of WV is SS / welfare / food stamps. A lot of this is because there is no incentive to work a terrible paying job with no health insurance when you can get on disability and make the equivalent of $10 an hour with great health care.

Also, people forgot to mention that people at the bottom start spending much more when minimum wage goes up, that offsets the effect of each employee costing more. People currently buying clothes at Goodwill start buying more expensive clothes at a retail store when their wage increases for example.

The richest 82 people in the world own more than the bottom half of the world's population. I don't know what the ideal ratio should be but the status quo is insane.
Social Security is not welfare. One pays into Social Security their entire working life, and if the Federal Government didn't rob SS, and give SS security benefits to those who haven't paid in (disability benefits) then it wouldn't be in trouble.
 
Old 05-22-2015, 06:28 AM
 
Location: NE Ohio
30,419 posts, read 20,306,967 times
Reputation: 8958
Quote:
Originally Posted by pknopp View Post
WV has the second highest rate of people over 65. They would be on S.S. Social Security they paid into their entire lives. Why would you label them as moochers?
Exactly.
 
Old 05-22-2015, 06:45 AM
 
17,401 posts, read 11,975,567 times
Reputation: 16155
Quote:
Originally Posted by freemkt View Post
I think most people with average pay have largely forgotten their distant minimum wage days. If they remember the work at all, their middle-aged take is probably that they were paying their dues in the entry-level work world - not that the work really sucked.
All work "sucks" to some degree.

And the reason it's "distant" is because most adults look at their minimum wage job, and decide that YOU CAN'T LIVE ON THAT. So they take steps to makes sure they make well above minimum wage.

And with the exception of fast food employees moving up the ladder, very few "real" jobs pay minimum wage. You might work at them while you are earning a degree, but once you've got an education or skill under your belt, even entry level jobs pay above minimum wage. THAT'S where you pay your dues.
 
Old 05-22-2015, 06:55 AM
 
10,097 posts, read 10,011,473 times
Reputation: 5225
Quote:
Originally Posted by pknopp View Post
They have benefited because the government has printed money and filled their pockets.
Oh god. Ok I get it. I take it you're a Randian (Rand and Ron Paul supporter). It's all about the printing of too much money, the Fed, fiat currency, etc? I ask because of your insistence to merely blame the govt for everything.

For your criticism of Warrren, didn't most jobs get easier too? But of course the lower paid workers can't demand an increase to meet inflation and productivity. The gains can only go to those who really deserve it? The top? Again there is just this level of convenience in your theory that seems to always benefit business.
 
Old 05-22-2015, 07:03 AM
 
Location: A great city, by a Great Lake!
15,896 posts, read 11,988,465 times
Reputation: 7502
Quote:
Originally Posted by nononsenseguy View Post
Social Security is not welfare. One pays into Social Security their entire working life, and if the Federal Government didn't rob SS, and give SS security benefits to those who haven't paid in (disability benefits) then it wouldn't be in trouble.

Indeed. Those who have paid into the system under the premise that it was to be for one's retirement are entitled to that money. And yet, I've been paying into the system since I'm 16, turn 42 tomorrow, and still have a lot of working years left, and there is a good chance that money won't be there. So in being told that money being taken out of my check is being set aside for retirement, and now it may not be there for me to utilize, then give me my damn money back, and let me invest it how I see fit.
 
Old 05-22-2015, 07:07 AM
 
79,907 posts, read 44,199,011 times
Reputation: 17209
Quote:
Originally Posted by radiolibre99 View Post
Oh god. Ok I get it. I take it you're a Randian (Rand and Ron Paul supporter). It's all about the printing of too much money, the Fed, fiat currency, etc? I ask because of your insistence to merely blame the govt for everything.
Said despite me not more than a few posts ago saying how much I blamed the bankers and wall street.

Quote:
For your criticism of Warrren, didn't most jobs get easier too? But of course the lower paid workers can't demand an increase to meet inflation and productivity. The gains can only go to those who really deserve it? The top? Again there is just this level of convenience in your theory that seems to always benefit business.
Its a theory you created for me because you don't want to address the actual points I bring up.
 
Old 05-22-2015, 07:07 AM
 
Location: San Diego
50,289 posts, read 47,043,365 times
Reputation: 34069
Quote:
Originally Posted by no1brownsfan View Post
Indeed. Those who have paid into the system under the premise that it was to be for one's retirement are entitled to that money. And yet, I've been paying into the system since I'm 16, turn 42 tomorrow, and still have a lot of working years left, and there is a good chance that money won't be there. So in being told that money being taken out of my check is being set aside for retirement, and now it may not be there for me to utilize, then give me my damn money back, and let me invest it how I see fit.
Seriously. I probably don't even want to know how much of my money taken out for SS is as a totaled sum.
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