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As you can see by the denseness of perception that the posters display in this thread, cognitive dissonance caused by the Federal Reserves mandates benefit only Wall Street and not Main Street.
There are too many people who are being left behind as not all boats rise with the rising tide of inflation.
As we all can see on a daily basis, Donald Trump loves this and is taking advantage of it.
Main Street may be on it's last legs if the tax code is not changed in the future to help the majority support it and not Wall Street.
Maybe it will go back to using script( food stamps) at the company store that we will all go to buy our weekly provisions.
Our dollar is whacked out !
I thought the whole $15/hr nonsense had died out but it seems a lot of politicians and groups are still fighting for it. From a purely logical standpoint the whole $15/hr demand makes absolutely no sense whatsoever.
[/i]Makes sense to me. Minimum has not been raised in decades while prices continue to go up. People at the bottom of the heap who get an increase in salary, spend the money, pay taxes, and help the local economy. Rich people just take the money out of circulation and add to their accounts in the Cayman Islands. No one who is willing to work full time should not be eligible for assistance. They should be able to afford the basics!
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The minimum wage guy gets a raise to $15/hr so then what happens to the guy/gal with a little more skill currently making $15/hr, does he get a commensurate raise to $20/hr? So then the guy with a bit more skill than that who is making $20/hr is going to revolt and demand $25/hr... so what you have here is the whole hierarchy moving upwards.
And that's good. CEO salaries certainly have gone up. The politicians have voted themselves numerous raises. It's way past time we take care of everyone else.
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The increase in salary without a corresponding efficiency/productivity increase in the economy creates nothing but pure inflation so the net effect is absolutely and virtually nothing.
You are absolutely right. But you already GOT the increase in productivity X 10 really. You just want it without paying for it. Remember the days when there were floors of people doing accounting? Now you have 2 people with fast computers. Remember technology? Technology and globalization have cost millions of jobs. The workers we have left are more productive already.[i]
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Instead of increasing minimum wage focus on improving productivity, encourage people to get more skills. Improve upward mobility by providing easier access to education. Increasing minimum wage is not the answer to current social problems.
People working minimum wage jobs have time to do nothing but work and look for more work. They don't have the money or time to use educational opportunities even if they are available. Too many people are trying to make it juggling multiple part time low pay jobs with zero benefits, and zero time off. They probably work harder than most people.
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It's absurd that such a large proportion of the general populace and people like Bernie Sanders and other politicians do not understand such basic concepts.
I have always believed a person willing to work should not live in poverty. He or she should make enough money for basic living expenses.
It is subsidized. However, college administrators spend money on fancy new football stadiums instead of using the money to help students.
We also have way too many students going to college that aren't college material (and nearly half of high school seniors that do go to college do not have the English and Math skills for college). We need to completely revamp our high schools--splitting students into pathways: 1) College. 2) Skills (Advanced Manufacturing, Culinary Arts, Skilled traders (plumber, construction, ect.) 3) Entrepreneurship.
Another thing to teach in high school is a broad and depth personal finance course.
We also have way too many students going to college that aren't college material (and nearly half of high school seniors that do go to college do not have the English and Math skills for college). We need to completely revamp our high schools--splitting students into pathways: 1) College. 2) Skills (Advanced Manufacturing, Culinary Arts, Skilled traders (plumber, construction, ect.) 3) Entrepreneurship.
Another thing to teach in high school is a broad and depth personal finance course.
Bravo!
Such a simple thing. I don't know why this isn't done.
I thought the whole $15/hr nonsense had died out but it seems a lot of politicians and groups are still fighting for it. From a purely logical standpoint the whole $15/hr demand makes absolutely no sense whatsoever.
The minimum wage guy gets a raise to $15/hr so then what happens to the guy/gal with a little more skill currently making $15/hr, does he get a commensurate raise to $20/hr? So then the guy with a bit more skill than that who is making $20/hr is going to revolt and demand $25/hr... so what you have here is the whole hierarchy moving upwards.
The increase in salary without a corresponding efficiency/productivity increase in the economy creates nothing but pure inflation so the net effect is absolutely and virtually nothing.
Instead of increasing minimum wage focus on improving productivity, encourage people to get more skills. Improve upward mobility by providing easier access to education. Increasing minimum wage is not the answer to current social problems.
It's absurd that such a large proportion of the general populace and people like Bernie Sanders and other politicians do not understand such basic concepts.
Your views would apply to any time when minimum wage laws were created, which shows none of what you said happened. Minimum wage was created at times when anyone could say what you've said. What happens if minimum wage was $5 and the guy with more skill at $5? You would have asked this question back then when minimum wage was $5?
Inflation is not caused by a rise in minimum wages, inflation increases by greedy business people who say, "you make more, now pay more." The decent people in states where business people give you a deal no matter how much you make are the best business people. This is why prices drop, there are businesspeople who lower their prices to earn you business. There are business people who actually choose to take from their yearly salary to give to their employees. It is called profit sharing.
You sound like the kind of person who would complain at any minimum wage level. Like I said, you are going to claim $5 an hour was okay back then, but not now? Look up the price of an Audi 5000 compared to an A3 today, Audi is offering a better product for the same price as back in the 80's. Look it there, higher minimum wage and no inflation. So you are telling people your assumptions.
Life is far better than you make it sound and it is because there are business people who understand that higher minimum wages is needed because wages at the top are far higher than a measly $15 an hour.
Absolutely. That's what many people don't understand.
And to those complaining about the lack of a magical fix (ie. excess education doesn't guarantee jobs)...even if you get educated, and don't find a job in your field, you usually become more desirable over another candidate in most jobs. Say I'm looking to hire a gas station attendant at $15/hr. Who do you think I will hire for the job; the person who went through law school, passed the bar but never worked as a lawyer...or the person who got a high school diploma?
What does going to school have anything to do with being able to work at a gas station. It means you know how to study and take tests that has nothing to do with how good you would be at working at a gas station. Many employers think if you have a education you are overqualified to do the job plus they would rather hire someone without an education so they can justify paying them less.
What does going to school have anything to do with being able to work at a gas station. It means you know how to study and take tests that has nothing to do with how good you would be at working at a gas station. Many employers think if you have a education you are overqualified to do the job plus they would rather hire someone without an education so they can justify paying them less.
I never understood such arguments. Last I heard, MW jobs AVOID people with degrees b/c they'll jump ship as soon as a real job comes along. If folks are going to say MW work is unskilled and ANYBODY can do it, then college education is absolutely NOT a factor, if not a detriment to finding such jobs.
I thought the whole $15/hr nonsense had died out but it seems a lot of politicians and groups are still fighting for it. From a purely logical standpoint the whole $15/hr demand makes absolutely no sense whatsoever.
The minimum wage guy gets a raise to $15/hr so then what happens to the guy/gal with a little more skill currently making $15/hr, does he get a commensurate raise to $20/hr? So then the guy with a bit more skill than that who is making $20/hr is going to revolt and demand $25/hr... so what you have here is the whole hierarchy moving upwards.
The increase in salary without a corresponding efficiency/productivity increase in the economy creates nothing but pure inflation so the net effect is absolutely and virtually nothing.
Instead of increasing minimum wage focus on improving productivity, encourage people to get more skills. Improve upward mobility by providing easier access to education. Increasing minimum wage is not the answer to current social problems.
It's absurd that such a large proportion of the general populace and people like Bernie Sanders and other politicians do not understand such basic concepts.
It's obvious you have never ever had to live on minimum wage ( unless it was as a kid while going to school and your parents provided for you)..Be that as it may..Minimum wage earners NOW due to collapse back in 2008..meant millions upon millions of highly educated/experienced workers got dumped into oblivion ..and no jobs at all available..Corporations decluttering job force..CEO's and the like protecting their elite status and elite PAYroll $$$$ including bonus's....
Anyway..I digress..Minimum wage was never meant when implemented to support a person (adult) let alone a family...But that wage has not increased since 2007 to $7.25 but prior to that Minimum wage got stuck at $5.15 an hour for over a decade....Meanwhile the actual cost of living has increased..?????? Why hasn't it increased because no one bothered to index wage increases according to Cost Of living!!
Here's just an example of what the difference is when NOT indexing C.O.L increases.. Back in 1968..
The value of the minimum wage has fallen sharply over the past forty years. In 1968, for example, the federal minimum wage was $1.60 per hour, which translates to approximately $10.90 in 2014 dollars.
It's ridiculous to constant demonizing those that advocate for minus wages!! Besides..those jobs usually went to wartime/teenagers/summer jobs/holiday hirings whatever..THEY were never meant to be jobs that should sustain adults and families!!
Here's what I was speking to above about just who are these minimum wage earners~~ from above link
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Are low-wage workers who are affected by the minimum wage mostly teens?
Contrary to stereotypes, low-wage workers whose pay scales are affected by the minimum wage are overwhelmingly adults, many supporting families. Adults 20 years of age or over make up 89 percent of all workers who would receive a raise if the federal minimum wage were raised to $12 per hour by 2020, according to an analysis of Census data by the Economic Policy Institute. The median worker age is close to 40 for home health care workers, one of the nation’s top-growth low-wage occupations. Especially after the Great Recession, more and more Americans are spending their careers in low-wage jobs where the minimum wage helps set pay scales.
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