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Funny thing is the machines at MCD and Wendys don't require actually flipping the burger anymore, it cooks both sides automatically so this whole thread is based on a false pretense.
Is this a joke? $15/hr translates to around $30,000/yr and I know many college graduates making that kind of money in professional fields. So, is everyone's salary going to be also adjusted upwards? So if a burger flipper is going to make $15/hr then can we set a minimum salary for all college graduates? Say... no college grad should earn below $50,000/yr
It's 2014. Gas is around $3.50 a gallon. Medical insurance is at the least over a hundred a month, same with car insurance, a root canal with the crown is well over a grand, not to mention 100 gallons of oil to keep your house warm is over $300.00.
$15.00 an hour is jack $hit in 2014. It's poverty dude. Especially when you factor in needing to save and save for retirement. The fact that you know "college graduate professionals" making $30,00 a year is an indictment on the fraudulent, criminal economy we live under in 2014.
And your last point is also correct. Going by ratios and average salary vs. average cost of living the last 100 or so years starting salaries for people with college degrees should start at $50,000. Fifty grand is a working class, lower middle class salary today. Just because inflation adjusted wages have not budged in 30 years and have probably went down does not mean $15.00 an hour or $30,000 a year is good money.
It's 2014. Gas is around $3.50 a gallon. Medical insurance is at the least over a hundred a month, same with car insurance, a root canal with the crown is well over a grand, not to mention 100 gallons of oil to keep your house warm is over $300.00.
$15.00 an hour is jack $hit in 2014. It's poverty dude. Especially when you factor in needing to save and save for retirement. The fact that you know "college graduate professionals" making $30,00 a year is an indictment on the fraudulent, criminal economy we live under in 2014.
And your last point is also correct. Going by ratios and average salary vs. average cost of living the last 100 or so years starting salaries for people with college degrees should start at $50,000. Fifty grand is a working class, lower middle class salary today. Just because inflation adjusted wages have not budged in 30 years and have probably went down does not mean $15.00 an hour or $30,000 a year is good money.
A lot of all that depends on where you live. Unqualified, unprepared people have always had to take what they can get.
"Fraudulent, criminal economy"? Little angry, aren't you there, CK?
The world is changing. There is hardly a country left in the world that can offer what you suggest. Check out the unemployment rate in countries where the government has stepped in to raise wages and limit hiring/firing practices.
And they certainly will never offer "50,000 for a college degree". Truck drivers make more than that after 3 months of school, but they earn it - every bit of it. A mediocre student with a degree in social service is just not worth that much to an employer.
It's 2014. Gas is around $3.50 a gallon. Medical insurance is at the least over a hundred a month, same with car insurance, a root canal with the crown is well over a grand, not to mention 100 gallons of oil to keep your house warm is over $300.00.
$15.00 an hour is jack $hit in 2014. It's poverty dude. Especially when you factor in needing to save and save for retirement. The fact that you know "college graduate professionals" making $30,00 a year is an indictment on the fraudulent, criminal economy we live under in 2014.
So?
What's your point?
Did you know this is the Economics Forum? We discuss Economics here.
The Laws of Economics can be dumbed down into a simple statement, and once you learn that, you'll see why your incessant whining is pointless.
Quote:
Originally Posted by CK78
Going by ratios and average salary vs. average cost of living the last 100 or so years starting salaries for people with college degrees should start at $50,000. Fifty grand is a working class, lower middle class salary today. Just because inflation adjusted wages have not budged in 30 years and have probably went down does not mean $15.00 an hour or $30,000 a year is good money.
"Should?"
If you throw a rock into the air, it should travel forever, shouldn't it?
If you fill you gasoline tank up, you should be able to drive forever, right?
That's what you're saying.
Quote:
Originally Posted by Listener2307
A lot of all that depends on where you live. Unqualified, unprepared people have always had to take what they can get.
***
Yes, good points. Thanks for injecting some common sense and reality here.
Quote:
Originally Posted by s1alker
Maufacturing jobs have been replaced with low wage service jobs. That's why you see so many 25+ working them.
Well, finally, something I can work with here.
Since this is the Economics Forum and not the Sit-in-a-Corner-and-Pout Forum, and we discuss Economics here, what Law of Economics did you broach in your statement?
Let's walk through this.
Can a person be in two different places, at the same time?
No, that's impossible, and the Laws of Physics govern that. We incorporate that Law of Physics into the Laws of Economics.
Can a person work as a barista serving you a mocha latte while simultaneously assembling a plasma TV for you?
No, again, that's impossible. What Law of Economics governs that?
Opportunity Costs.
What is the cost of one person servicing you? The loss of a manufacturing job.
It doesn't have to specifically be a manufacturing job, it can be any job.
Your aging population and your recent idiotic healthcare gambit will tax healthcare resource to the maximum, including, and especially, healthcare labor resources.
What is the cost of one person providing healthcare services? The loss of a service job, a manufacturing job, a government job even.
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Originally Posted by s1alker
The reminder of people get stuck in low wage service jobs because there are no alternatives like in the past.
There are alternatives.....but your education system sucks and produced turds who are weaklings.
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Originally Posted by fairlaker
They are greedy pigs who by exploiting those with little economic power are lining their own pockets by stealing from yours.
How much is your 401(k) worth?
Quote:
Originally Posted by fairlaker
So exactly as was noted, your original claim was just another load of worthless hogwash then. And you did in fact fail above to take into account that (thanks to Republicans) the rate of increase in the federal minimum wage over the previous 9½ years had been 0%, didn't you.
Let me show you how facts and Economics work.
Fact: Some single Americans with no dependents have an annual income of $9,101 which equates to $4.55/hour and are denied by law from receiving tax-payer subsidized Section 8 Housing benefits.
Fact: Some single Americans with no dependents have an annual income of $53,490 which equates to $26.75/hour and the tax-payers subsidize their Section 8 Housing benefits.
Why do you suppose those facts are true?
Which Law of Economics says that minimum wage must increase, or that their should be a minimum wage in the first place?
Quote:
Originally Posted by fairlaker
But tell me what would happen to fast-food labor markets if workers were organized rather than having to go everything alone?
If the Non-Food and Commercial Workers Union were running the show, they'd get paid $0.10 over minimum wage.
Quote:
Originally Posted by fairlaker
How do you think the number of minimum wage workers who are over 25 with a spouse present in the home would compare to the number of minimum wage workers who are teenagers?
The question has no relevance.
Quote:
Originally Posted by fairlaker
REMINDER: It's not about you. It's about whether the costs of labor should be externalized onto taxpayers. See if you can stay on point for once.
You can stop externalizing it onto taxpayers anytime you so desire...you just have to want to stop.
Quote:
Originally Posted by fairlaker
Some people fail to understand the real world. Others refuse.
Quote:
Originally Posted by bobtn
Anyone who has read your posts can attest to that fact.
No doubt.
Quote:
Originally Posted by fairlaker
LOL! Do you have any idea at all what an actual "free market" would look like?
And they certainly will never offer "50,000 for a college degree". Truck drivers make more than that after 3 months of school, but they earn it - every bit of it.
I'd disagree, a majority of truckers are one of the many people that get the shaft every single day.
You want to talk about a ****ty job worthy of good pay, trucking is it.
I don't know if this has made it on the thread, but at a certain point, fast food restaurants will see a break-even between hiring a burger flipper or buying one:
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