Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Nothing says it better than median household income.
Median hourly wage per worker adjusted for inflation is a better metric. Things really started to go downhill from the mid-70s and further accelerated with the deregulation of Wall Street and assaults on collective bargaining by Reagan. In 1968, the inflation adjusted minimum wage was almost $11 an hour. And as ten times more people benefit from a minimum wage increase than just the people getting minimum wage, it definitely needs to be increased. And there is ample room for it. If minimum wage increases had followed the trend from 1968, it would be $26 an hour in 2015, giving all other workers huge leverage to increase their wages as well, and $40 an hour would be considered a median wage. These days, the income and wealth of the country is so heavily skewed towards the ultra wealthy in NYC, Bay Area and DC.
Yet the Right is against a minimum wage increase. Here in NC that would help employment and give raises to many that are skilled labor. In all my years since I made Minimum of $1.85/hr, every time the wage was raised it led to increases for all.
Employers are finding they need to keep workers who are trained. The increase in minimum gives many a chance to move to a new employer.
I've never understood why the GOP is so hell-bent on abolishing minimum wage and not increasing it. Each party has their fair share of puzzling stupid nonsense, and this one is a GOP special.
What really needs to happen: Congress needs to hash out a reasonable minimum wage that you can actually survive on, raise the minimum wage to that and then permanently tie minimum wage to inflation. I'd rather see all of that done at a state level, but many red states refuse to do it. With teenagers and college students dropping out of the workforce, minimum wage jobs are increasingly being held down by adults, many of whom have children. And even if it were true that minimum wage jobs were 100% teens and college students looking for spare change, it wouldn't hurt for them to be better compensated since they are vastly more likely to spend than rich corporate execs and put the money back into the economy.
There's a balance to be struck between Pure Socialism and Laissez Faire Capitalism. Either extreme is terrible for America. As with so many things, sanity lies somewhere in the middle.
People still claim job growth is invalid if it doesn't include those "high paying jobs" from the manufacturing sector.
The truth is, according to the BLS, average wages in the manufacturing sector for non-supervisory workers has gone from a somewhat above average paying sector in 2005 to a somewhat below average paying sector (per hour) at the tail end of 2015.
It's probably the result of migration of such jobs to the low pay right to work states. Anybody who lives in the past and thinks manufacturing jobs are going to lead to a wage resurgence needs to update that thought process.
Last edited by SyraBrian; 01-09-2016 at 08:48 AM..
hahaha.. someone still believes the President is responsible for job creations..
Hahaha. Hilarious that republicans have had such terrible economic indicators under their presidents that now they want to say the presidency has nothing to do with job growth.
Hahaha. Hilarious that republicans have had such terrible economic indicators under their presidents that now they want to say the presidency has nothing to do with job growth.
This is pathetic, and hilarious.
Congress has much more influence than the President when it comes to the economy. What specifically has Obama done to stimulate the economy?
I've never understood why the GOP is so hell-bent on abolishing minimum wage and not increasing it. Each party has their fair share of puzzling stupid nonsense, and this one is a GOP special.
Because anyone with even a passing grade in Econ 101 knows this does exactly the opposite of what is intended.
Because anyone with even a passing grade in Econ 101 knows this does exactly the opposite of what is intended.
The results of the last 50 years speaks itself.
If the minimum wage had followed the progress from 1968, it would have been $26 an hour now. Instead it is a paltry $7.25. It was almost $11 in inflation adjusted terms in 1968. In the 50s, Republican presidents used to boast about supporting higher minimum wages and strengthening the unions. Then in the mid-70s they decided together with many Democrats that they should change from a political party to becoming stooges of the donor class of a globalist elite who undermines the middle class and the sovereignty of America.
Congress has much more influence than the President when it comes to the economy. What specifically has Obama done to stimulate the economy?
Let's just take one thing. He increased taxes on the 1%, beginning 2013. After that, job growth soared and our deficit shrank huge. Ultra Low taxes on rich people do nothing to stimulate job growth for the middle classes.
and the chart actually comes as a result of full time employment..
People are still earning less, at which point full time income, would be even worse given they are, according to you, working more hours, but making even less.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
