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Although it's literally been decades I've researched the early minimum wage.
At the root of all this when FDR popularized the term living wage he meant it. The minimum wage was intended to ensure that workers would be paid enough to eat regularly (think tortillas and peanut butter) and maybe afford a room (think flop house).
The federal minimum wage was established in 1938 at $0.25 hr. That's about $4.86 hr. in today's money.
Yes and back then they had affordable housing and prices for people making min wage. You could not even afford sharing an apartment with other people if you are making $4.86 today. You do realize that since the min wage was created prices have been risen greatly so why would min wage not raise with it you do realize min wage is not a stagnate price?
Do you know anyone that actually makes $7.25/hr.? I don’t. Menial jobs here pay substantially more than that.
I know people who actually make $9 an hour because the minimum wage is $8.75 in my state. I guess the employers think they're being generous with the extra 25 cents. And I know people who were actually offered 25 cents as a "raise."
Yes and back then they had affordable housing and prices for people making min wage. You could not even afford sharing an apartment with other people if you are making $4.86 today. You do realize that since the min wage was created prices have been risen greatly so why would min wage not raise with it you do realize min wage is not a stagnate price?
You do realize that my numbers account for your, "risen prices?" Well OK, clearly not. Think it over and report back.
All the wealth is locked up in the hands of a few hundred criminal pedophiles. I absolutely advocate that it should be directed equitably at teachers and other actual workers. It's not up to me or any other normal human beings, it's up to wall street billionaires, that's the problem.
Your statement "All the wealth is locked up in the hands of a few hundred criminal pedophiles" is just ludicrous - the top 1% which is about a million households, has 30.4% of the wealth - that is not "hundreds" and certainly not "all the wealth". It certainly doesn't help to call them "criminal pedophiles" - name calling just makes sound like jealousy.
You really do not understand how things work if you think salaries for teachers is determined by billionaires or that "teachers and other actual workers" should make as much as wall street investor.
Teachers should be paid $80k/yr, the jobs of wall street investors shouldn't exist at all as currently formulated.
Workers work themselves to death and have scarce time and energy for leisure activities. As Aristotle said a couple thousand years ago, the ability to act on your own desires is core to the concept of freedom. The "freedom" to exploit workers in unfair deals imposed at the threat of unemployment and homelessness imposed by the elites is a right-wing counterrevolutionary innovation.
Teachers are represented by a union - is the union agreeing to unfair wages? A salary of $80K might be great in some places and way too low in other areas - should a teacher just out of school make the same as the veteran. In economics, the "market" for teachers determines the salary, not just a random number pulled out of someones behind.
A top level wall street investor is not making a salary, they are not guaranteed any money, they make money by how well they do. Compensation, again, is determined by the "market" for wall street brokers - they are compensated based on what they are worth to their company.
Teachers and others are not "working themselves to death" or "scarce time and energy for leisure activities". On average, a full-time employee in the United Stats works 37.5 hours per week and teachers work an average of 34.5 hours per week on an annual basis (38.0 hours per week during the school year and 21.5 hours per week during the summer months).
BTW - the wall street guy is probably working more than double the hours than the average teacher or other worker - Wall Street is famous for working their analysts and associates regularly working 80 – 100 hours a week.
Your statement "The "freedom" to exploit workers in unfair deals imposed at the threat of unemployment and homelessness imposed by the elites is a right-wing counterrevolutionary innovation." is just a socialist rant - blaming "the right" is just obnoxious and untrue - workers are not exploited by either party by being paid an economic wage.
This would be in the eyes of laborers in America. The blue collar worker. If you are in Hawai'i this would be the tourist industry for the most part. Straight forward. Serve the customer as best you can and that is the whole idea of the industry you are in. On the other hand, if this was Michigan, making cars, that would be on another scale. Making cars. It's harder. So the job market is really important here. Only the best get selected. I think the job market is a smart place to be. But also very stressful. Jobs are easily come, and they leave too.
But the pay is different too. I am the kind of person in between. Job market. Yet prefer executive position.
Teachers are represented by a union - is the union agreeing to unfair wages? A salary of $80K might be great in some places and way too low in other areas - should a teacher just out of school make the same as the veteran. In economics, the "market" for teachers determines the salary, not just a random number pulled out of someones behind.
A top level wall street investor is not making a salary, they are not guaranteed any money, they make money by how well they do. Compensation, again, is determined by the "market" for wall street brokers - they are compensated based on what they are worth to their company.
Teachers and others are not "working themselves to death" or "scarce time and energy for leisure activities". On average, a full-time employee in the United Stats works 37.5 hours per week and teachers work an average of 34.5 hours per week on an annual basis (38.0 hours per week during the school year and 21.5 hours per week during the summer months).
BTW - the wall street guy is probably working more than double the hours than the average teacher or other worker - Wall Street is famous for working their analysts and associates regularly working 80 – 100 hours a week.
Your statement "The "freedom" to exploit workers in unfair deals imposed at the threat of unemployment and homelessness imposed by the elites is a right-wing counterrevolutionary innovation." is just a socialist rant - blaming "the right" is just obnoxious and untrue - workers are not exploited by either party by being paid an economic wage.
Most state are right to work states where unions have little power. Keep in mind that teachers work a ton of hours outside of school days. They typically get a one-hour prep period during the day, which is not nearly enough time to plan lessons, grade, etc.
Teachers are represented by a union - is the union agreeing to unfair wages? A salary of $80K might be great in some places and way too low in other areas - should a teacher just out of school make the same as the veteran. In economics, the "market" for teachers determines the salary, not just a random number pulled out of someones behind.
The concept of leaving everything up to "the market" is the whole problem. What happens when workers are replaced by robots and "the market" decides 99% of the population is surplus to requirements?
I mean, it's trivial to demonstrate that "the market" is not a sufficient organizer of society. Children have no current economic value at all, and only survive by non-market charity from parents and the government. Do you think that we err in letting children live? What about disabled people? Roads and parks don't provide any direct revenue, should we replace them with more Starbucks? Maybe we should monetize oxygen?
Quote:
Originally Posted by ddeemo
A top level wall street investor is not making a salary, they are not guaranteed any money, they make money by how well they do. Compensation, again, is determined by the "market" for wall street brokers - they are compensated based on what they are worth to their company.
The Market again.
Quote:
Originally Posted by ddeemo
Teachers and others are not "working themselves to death" or "scarce time and energy for leisure activities". On average, a full-time employee in the United Stats works 37.5 hours per week and teachers work an average of 34.5 hours per week on an annual basis (38.0 hours per week during the school year and 21.5 hours per week during the summer months).
Teachers work a lot more than that, where did you get these numbers. Also, who cares.
Quote:
Originally Posted by ddeemo
BTW - the wall street guy is probably working more than double the hours than the average teacher or other worker - Wall Street is famous for working their analysts and associates regularly working 80 – 100 hours a week.
Who cares. Hey everybody, I just spent 160 hours a week throwing rocks into the air and catching them, why aren't I being paid millions of dollars for my valuable work? I guarantee I do less damage to society by catching rocks than Wall Street investors do at their jobs. Should I get paid double what they do because I worked double the hours? Maybe 4x as more because doing effectively nothing is more valuable to society than anything they do? What is your criteria here? For someone who disagreed with my central thesis that pay is determined solely by Capital, it doesn't seem like you have any answer beyond "pay is determined by Capital".
Quote:
Originally Posted by ddeemo
Your statement "The "freedom" to exploit workers in unfair deals imposed at the threat of unemployment and homelessness imposed by the elites is a right-wing counterrevolutionary innovation." is just a socialist rant - blaming "the right" is just obnoxious and untrue - workers are not exploited by either party by being paid an economic wage.
It's definitely a socialist rant but it's also true.
Interesting distancing language here. You repeatedly argue that it's not Billionaires or Capital who make decisions, it's The Market or The Economy. Who runs the market? Who runs the economy? Shifting blame to the economy is just a transparent ploy that fools no one. Bosses refuse to pay workers more than the minimum and then shrug and say "what can you do, that's the economy for you!"
A thinking man would consider other aspects like ethics, or value to society, when determining compensation. Nobody would be working on Wall Street at all without teachers, yet we're supposed to believe that teaching is low-value work. Only the most motivated thinkers could follow that logic.
Most state are right to work states where unions have little power. Keep in mind that teachers work a ton of hours outside of school days. They typically get a one-hour prep period during the day, which is not nearly enough time to plan lessons, grade, etc.
That is just excuses - teachers are forced into the unions in most states, there are less than a handful of states where unions don't represent most teachers. "Right to work" is only about half of states and even in right to work states, unions represent most teachers - from wiki;
Quote:
...right-to-work laws gives employees the right to be free riders—to benefit from collective bargaining without paying for it. Benefits the dissenting union members would receive despite not paying dues also include representation during arbitration proceedings.
I gave the stats on teachers work - the 34.5 hrs includes out of the classroom since teachers are in front of students about 25 hrs a week on average and students are in class less than 30 hrs a week on average and the stats included over 20 hrs a week during summer when no classes. I know how much teachers work - there are several in my family.
I gave the stats on teachers work - the 34.5 hrs includes out of the classroom since teachers are in front of students about 25 hrs a week on average and students are in class less than 30 hrs a week on average and the stats included over 20 hrs a week during summer when no classes. I know how much teachers work - there are several in my family.
This is completely irrelevant. An hour of teaching is worth far more than an hour of stock swapping and downsizing. The financial sector is 20% of the economy and it produces nothing. That's what happens when you let the wolves run the hen house for fifty years.
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