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I understand business, and know that it would be an exceptionally rare situation where any decent sized company could get a $200 return on a $12 labor investment.
Please tell us the name of this company that managed to do so.
Pedro, I can assure you, there were times in my life when I was making
about 50% higher than minimum wage and my work earned my employer thousands
of dollars per day.
Pedro, I can assure you, there were times in my life when I was making
about 50% higher than minimum wage and my work earned my employer thousands
of dollars per day.
I can assure you that you may have been making that assumption, but you know what they say about those.
Quote:
Originally Posted by Snowball7
what ? an acre of land was $25 dollars, pal.
houses were built for 2 thousand. i know what i'm talking about.
What year was this, and what was the average pay in that year?
So, essentially if you moved that to today, a person buying a $98,000 home and making $43,000 a year would be able to pay it off in 1 or 2 years? It's the exact same ratio of house cost to income.
You might want to work on your math skills, because you don't know what you're talking about.
I can assure you that you may have been making that assumption, but you know what they say about those.
Guy I moved tens/hundreds of thousands of dollars in product every day all day long
for $100/day or less. Don't tell me they weren't making money off us.
I know what it's like to work like an animal all day.
Quote:
Originally Posted by PedroMartinez
What year was this, and what was the average pay in that year?
$25/acre was common in the 40's for off the beaten path.
In neighborhoods it was $25-50 at the turn of the century.
Heck even in the 50's my neighbor paid $3,000 for a lot
that's worth $150k now. The house I live in was $17k
in 1971 which was only two years wage on a lower-middle class income.
I know hundreds of people who owned houses and bought
them within a couple years of pushing a wheelbarrow or laying brick.
That opportunity isn't here anymore.
Don't begrudge people who want a higher income.
Things are so perverted today that unless the corporations
are forced to pay, they are not going to pay. You got to
take these crooks by the throat and strangle them to
get a dime out of their lying forked-tounges.
Guy I moved tens/hundreds of thousands of dollars in product every day all day long
for $100/day or less. Don't tell me they weren't making money off us.
I know what it's like to work like an animal all day.
Of course they were making money off of you.
If you owned a company, would you pay for resources with no ROI?
The idea that many companies make $200 off of $12 in labor is absurd.
Quote:
Originally Posted by Snowball7
$25/acre was common in the 40's for off the beaten path.
In neighborhoods it was $25-50 at the turn of the century.
Heck even in the 50's my neighbor paid $3,000 for a lot
that's worth $150k now. The house I live in was $17k
in 1971 which was only two years wage on a low-middle class income.
Last post here.
Don't begrudge people who want a higher income.
Things are so perverted today that unless the corporations
are forced to pay, they are not going to pay. You got to
take these crooks by the throat and strangle them to
get a dime out of their lying forked-tounges.
Since you can also buy homes in Detroit right now for $20k, I assume you don't have a problem with current pay, since a person making $10 an hour could afford a 30 year mortgage on a $20k home.
Of course this will be your last post after I just savagely beat you with facts.
Of course this will be your last post after I just savagely beat you with facts.
Dude, nobody cares about your "facts" because they know what they know
and aren't going to be swayed by the type of prostitute, egghead apologetics
that ruined this country and turned it into slave plantation. Bye.
It is extremely HIGH paying for a job that basically requires little or no skill, provides little value and has millions of competitors wanting to do it for a lot less.
From the point of view of freedom of choice, which is what this country was built upon, the minimum wage is simply an extortion.
$30K is a high paying job for you? Talk about a load of BS. But that does explain a lot about wages from your perspective.
$30K is a high paying job for you? Talk about a load of BS. But that does explain a lot about wages from your perspective.
Paying for something that has little value with millions people standing by and planning to offer you more competitive deals, even a penny is too high paying.
You don't seem to understand the relationship between value and pay. If your work doesn't generate value, even paying $0.01/hour is too high.
The question really is does the minimum wage worker generates enough value to be paid at $15? You may think so but the market certainly doesn't - you would have already been paid at $15 if the market had agreed. Since you can't get your way through peaceful and consensual negotiation, you decide to put a gun on every employer's head and force them to give you $15/hour.
That basically boils down to: an armed robbery!
You know who wins in the end? Not you. But I can tell you that you and the poor people will be the biggest losers in the end as businesses will certainly raise prices, cut positions, introduce more automation, hire over-qualified people, outsource, move, and/or go bankrupt.
I am trying to tell you not to shoot yourself in the foot but if you insist, I'd be more than happy to watch the show sitting at the front seat and laughing my behind off.
Last edited by lifeexplorer; 03-30-2016 at 03:38 PM..
You know who wins in the end? Not you. But I can tell you that you and the poor people will be the biggest losers in the end as businesses will certainly raise prices, cut positions, introduce more automation, hire over-qualified people, outsource, move, and/or go bankrupt.
Nobody cares about these threats anymore.
Just pay the damn help.
Expect a trend of shifting to undocumented labor and automation and moving operations out of state. I do like the idea of tying minimum wage to COL, but it won't have much of an effect on making the state more livable for the working poor in the long term. The issue with COL in California is the cost of housing, which is caused by the supply being really out of whack with demand. California will always have this problem, as the coastal parts are very desirable to live in and the state is flooded with illegal immigrants (~3m). Chinese investors pouring money into the housing market doesn't help either.
As a scholar, I'm actually glad California is doing this. It'll generate a lot of good economic data.
Last edited by TylerJAX; 03-30-2016 at 04:31 PM..
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