Minimum wage. Should it be $15?

[Wolfbane]

and done.

[avguytx]

Done too

[wvu80]

What I would love to do is go somewhere warm and drink something with an umbrella in it. What I need to do it stop smoking and start exercising

 

Too much wine, women and song, eh?  You need to stop singing.

+++

 

Survey done, I'll get my wife and child to add to the survey.

 

Edit:  My son just completed his. 

Edited November 6, 2015 by wvu80

[Jeff Matthews]

What I need to do it stop smoking and start exercising.  

 

If you actually can do it, you will be very glad you did.  I smoked for 30 years, and I quit smoking cigs 3 years ago when I took up the e-cig.  After a year of e-cig, I quit it as well and started exercising.  Been smoke-free and exercising for 2 years now. 

[Jim]

done

[tigerwoodKhorns]

 

What I need to do it stop smoking and start exercising.  

 

Been smoke-free and exercising for 2 years now. 

 

 

Take the weekend off.  You can get back to exercising Monday. 

[Ceptorman]

Done. Good luck.

[garyrc]

Minimum wage was $1.30 in 1969.  A calculator shows that that equals $8.60 today and that was when there were unskilled jobs.

 

Done, how much do we get paid for taking the survey? 

 

In California, it was $1.65 in 1969.  Using your ratio, that would be $10.91 today. 

 

There are "unskilled" jobs now, just fewer of them. 

 

Many years ago (20?) Harpers Notes reported a 126:1 ratio of "average" CEO salaries (salaries, not income) to the national minimum wage.  I imagine it is worse now. 

 

P.S. Done

Edited November 6, 2015 by garyrc

[Sancho Panza]

P.S. & in before the lock...

[Tarheel]

I only got three wrong

[Dingman]

Done

[CECAA850]

Good to see you here again Craig.  Don't be a stranger, we were getting tired of talking about you behind your back.

 

I gave the survey monkey a banana when I finished.

[Paducah Home Theater]

If the minimum wage had grown in lock-step with growth in national income per person since 1969, it would have reached $16.88 an hour in 2013. (9)

Assuming that GDP per capita continues to grow at a modest 2.5 percent per year in 2014 and 2015, the equivalent figure for 2015 would be a minimum wage of $17.73 an hour.

That's quite a bit higher than President Obama's proposed increase to $10.10 in 2015.

The $17.73 an hour figure is not some kind of socialist dream number pulled from thin air. It is the minimum wage we would have today if we had indexed the minimum wage to overall economic growth all those years ago.

A $17.73 an hour minimum wage would be a living wage for the 2010s. In fact, it is almost exactly equal to the $15 living wage demanded by the 2012-2013 fast food industry protests, once you add in 10 paid sick days, 10 paid vacation days, and 10 paid holidays.

The problem with this is that you're working off the backs of tech workers. The fact that there's way more engineers making good money nowadays by leveraging technology shouldn't mean jack squat to burger flippers.

All this wouldn't even be an issue if we didn't have the financial meltdown with more inflation that people realize. There used to be better jobs available plus old people didn't need to work. Most all the minimum wage jobs were kids. Nowadays, if you're 16, most places don't even want to talk to you, because older more steady workers have taken all the entry level jobs, except they're not exactly climbing the ladder. It's these people who are causing the issues. And, it's not even their fault, it's the economy. Simply paying them more isn't going to fix it, things will simply adjust and we're back to where we started.

I'm not quite 40 but I have been paid $4.25 an hour at McDonalds, and I'm pretty sure that's after it was raised. Seems like I made $3.86 at one point. Nobody complained back then, they just dug in and tried to better themselves. Fast forward a little over 20 years and everybody wants 4 times that amount, indefinitely, in the name of being fair, for literally the same work. That's ridiculous to me.

Edited November 6, 2015 by MetropolisLakeOutfitters

[Gilbert]

okie dokie pokey

[Travis In Austin]

Done

[Paducah Home Theater]

My response to the last survey question, should have proofread a sentence or two better.

It's too high to be implemented across the country. Very expensive cities may benefit but it's stupid to do this in rural areas where overall incomes are lower and people don't have as much disposable income. The minimum wage workers will benefit at first, but at the expensive of small business owners, who will suffer. Prices will adjust, and we come back to where we started with the employment situation, except now we have increased inflation greatly. The problem with that is that lifelong savers such as retired people are now having to pay much more for everything, because their savings are indirectly diluted. This forces them back into the work force, taking up jobs that were traditionally reserved for students trying to better themselves, which makes this whole situation worse. We are already seeing this today, and doubling the minimum wage across the board is a guaranteed way to make it much worse.

[akdave]

Done

[Travis In Austin]

History of the minimum wage law. This ine is from the DOL and is pretty accurate in describing the Supreme Court's actions and the response.

The "switch in time" that saved nine.

http://www.dol.gov/dol/aboutdol/history/flsa1938.htm

[Jim Naseum]

It's humorous to me that so much attention is fixed on 1969 as a measurement stick. A much more meaningful consideration should be the 'rate of new wealth creation'. The higher the RATE, the higher should be the minimum wage. After all, what we are talking about is cutting up a pie that we all bake. Whatever end of the machinery you work on, the more the machine makes, the more you should share in the result.

Sent from my SM-T330NU using Tapatalk

[Bella]

It's humorous to me that so much attention is fixed on 1969 as a measurement stick. A much more meaningful consideration should be the 'rate of new wealth creation'. The higher the RATE, the higher should be the minimum wage. After all, what we are talking about is cutting up a pie that we all bake. Whatever end of the machinery you work on, the more the machine makes, the more you should share in the result.

Sent from my SM-T330NU using Tapatalk

What happens when the rate of new wealth creation goes down? Do newly hired young people take a pay cut from the previous years new hires? And then what if it goes up the next year? Do newly hired young people make more than the previous years new hires?