Minimum Wage - the fallout!

RidgeHunter · Feb 10, 2016

I was raised by a plumber who used to tell me there are only two things you need to know to be a plumber: **** flows downhill and payday's on Friday.

I guess that's all you need to know to be an economist, too.

Hobbes · Feb 10, 2016

dennishoddy said:
I love stock dividends as a middle income American retired person. Pays for my extended vacations, guns, ammo, reloading supplies, fishing gear, new boats, etc.
Even used my stock dividends while working to pay for amenities and other items.

Guess how many people and businesses have seen an increase in their sales and profits from just one person? Multiply that times a large number of retired persons that like me that have decided its time to take that money we have invested in savings and retirement funds now want it back to spend?
Check the demographics of vacation, tourism related businesses, rental car, airlines, and the list goes on.

Dammed skippy trickle down works.

LOL

Maybe someday you will be rich and buy some .22 lr ammo at 1990 prices.

dennishoddy · Feb 10, 2016

RidgeHunter said:
I was raised by a plumber who used to tell me there are only two things you need to know to be a plumber: **** flows downhill and payday's on Friday.

I guess that's all you need to know to be an economist, too.

Well, the second part is not true, what makes the first part true?

TedKennedy · Feb 11, 2016

RidgeHunter said:
Forget minimum wage.

Can someone explain to me why wages for the 'middle class' (aka 'be happy you're not homeless') have remained stagnant since the late 70s?

Policy decisions or increase in the price of Whoppers and Taco Tico? Lol. One would think wages would have kept pace with inflation, and a dramatic rise in measured overall productivity, ya know, since wage increase cause unsustainable inflation and all.

I myself find American corporations selling 1/3rd of our manufacturing jobs overseas and the middle class losing purchasing power at lightspeed to be sound conservative economic policy. Time to kiss my painting of Ronnie Raygun and head off to work.

I'm sure you already know this, if you don't - there's plenty of documentation of the widening gap between corp pay vs worker pay. When the corp can ship manufacturing overseas, bring goods back to U.S., sell them at skyrocket profits, more money goes straight to the bottom line - very little has to be re-invested or spent on wages/benefits. That's why you see "golden parachute deals for execs who orchestrate such deals - the owners are more than happy to pour a good chunk of money into a handful of execs who will make them tons of cash, rather than spend it on wages of a large American-based shop. Frankly, the "golden parachutes" are a fortune to an individual, but spread over an entire production operation, it wouldn't amount to much.
Most Americans are not bright enough to realize we're sinking our own ship, and think the Chinamart goods are a great bargain....the cost is starting to show now, and it's going to get worse if we don't change. I still like the "blame the unions" mantra, though, it makes it easier to identify the real deep thinkers. I'm still trying to figure out why the execs that signed those evil union contracts aren't being blamed.....

RidgeHunter · Feb 11, 2016

^^ life by them quarterly gains, man. Man 'em steep, make 'em quick, and move on.

"Be glad you even have a job in this economy." the upwardly mobile tell us, when the economy is only bad for us and not them.

Xandria · Feb 11, 2016

Of course is not. I used to work security, never made more than $16 an hour, and that was after years of experience. federal minimum wage needs to go up asap.

YukonGlocker said:
Raising the minimum wage is socialism?

On edit. Ive risked my life more than once. I had bullets fly by me, patrol car tire slashed with me in the vehicle, etc. Federal minimum wage is ridiculous. Armored truck guards make only $10-$12 an hour. is that worth risking your life for?

Norinoo · Feb 11, 2016

I think the minimum wage should be $1000/hr. And next year, raise it to $1,000,000/hr. That's a livable wage for certain that we all can support.

Xandria · Feb 11, 2016

Norinoo said:
I think the minimum wage should be $1000/hr. And next year, raise it to $1,000,000/hr. That's a livable wage for certain that we all can support.

sarcasm side... $8 is too low. Do you disagree with that?

RidgeHunter · Feb 11, 2016

dennishoddy said:
Well, the second part is not true, what makes the first part true?

Come again?

Norinoo · Feb 11, 2016

Xandria said:
sarcasm side... $8 is too low. Do you disagree with that?

How is my suggestion sarcasm? Granted at $1000/hr a cheeseburger at the local fast food joint will probably cost $900 but it's just a number. Inflating the numerical value for the sake of feeling good makes a lot of sense. You'll feel good and that's all that matters.

Minimum Wage - the fallout!

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