So $16 buys a lot more always knew that because Yanks always complained about how much we are paid, it's a market size thing, and the stupid part is our dollar is worth more than yours
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I don't complain about how much you're paid, I just know my salary buys a whole lot more than in NYC or California. I can buy twice the home here, with a large lot, as I can in San Diego and for less. Compare...
2539 Caulfield Dr, San Diego CA 92154 Home for Sale - Yahoo! Homes
7404 Cason Dr, Amarillo TX 79119 Home for Sale - Yahoo! Homes
Well it would be a lot better if we could reduce the minimum wage to somewhere between $10 and $8 per hour and do away with the 'extras'.
The only problem with that is they would expect to pay no tax and then they would start to ask for free stuff. Ungrateful lot.
No, I am not serious. I was just having a cheap shot. I come from a long line of working class people who sweated it out in coal mines and quarry faces. If I had my way it would go up to $18- $20 per hour.
P.S.
Clete, I worked out fuel to be about $5.55 per gallon.
Gee we could eradicate poverty if we raised minimum wage to $50 hr.. . oh if it were that simple.
Now Tut I'm sure you know that such a suggestion is communism to Tom but yes, there is no indication that the CEOs etc are worth their extortionate salaries and many middle level managers are not worth theirs either, this is why they can be let go so easily, so the minimum wage in the US should be lifted to give a more equal distribution of income but sadly it is more likely to reduce the numbers employed
That would be entirely up to the share holders... no ? You want to know why teen unemployment is so high ? Minimum wage laws. Guess what.. entry level work is not supposed to be a career .
I put minimum wage laws right up there with rent controls and farm subsidies for their unintended negative impacts .
All they really do is increase unemployment for the most vulnerable work force.
What I find interesting is that it's the unions that are always pushing for it.. The reason of course is that if the minimum wage increases ,then they get a better bargaining position for higher union scale. They of course couldn't give a rat's @ss about the lower wage workers and how this really affects their world .
And of course you are completely wrong . The elite corporations love minimum wage laws.Why ? Because it drives the smaller margin, mom and pop small business competition out of the game.
You guys crack me up. On the one hand you want jobs back inside the country ;and on the other hand ,you put your labor at a competitve disadvantage. Meanwhile every consumer in the country shops bargain.
I assume when you say, "And you are completely wrong" You are referring to me. Followed up by, "The elite corporations love minimum wage laws"
What cracks me up is the number of times in the past I have asked you for evidence regarding comments I have not actually made. Nothing is ever forthcoming.
So I will try one more time. If this comment is directed towards me. Where is the post that says I deny that corporations favour minimum wages?
OK I'm wrong... you agree with me when I say that "The elite corporations love minimum wage laws.... Because it drives the smaller margin, mom and pop small business competition out of the game. "
Glad we are in agreement .
And yet you defend minimum wages... strange
what a load of old claptrap. A minimum wage is necessary to avoid exploitation, without it business would prosper at the expense of the worker. You want your nation to be competitive with the sweatshops of Asia then devalue your currency and stop profiteering. You want employment opportunity to return, insist on local content in the products sold. Or put tarriffs on cheap goods. You should learn the lesson from those who have had to deal with this problem, enforce standards for products, buy locally produced food and find industries that can't be exported even a high labour cost country like mine can sell products in your market, our minimum wage isn't styffling employment or export industries
So instead of having three people employeed.. they have to get rid of one and have only two employed...
You can only sell product for a certain price... your operating expenses like rent and utilities are a certain amount... whats left you have is for wages... you have one pie... you can have 5 or 6 small slices... or two real big ones...
Tell the people that now don't get to have a slice not natter how small they are better off... and see how far that gets you. Sure the two people that get a bigger slice are happy... but that came at the expense of someone else that now doesn't get a slice at all.
Jack up the prices to keep everyone employed and people stop buying your product, you go out of business and nobody gets a slice then.
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