The Minimum Wage: What's the Big Deal?

#51
#51
volprof said:
Look, I get why we probably shouldn't pay fast food workers $15/hour yet, but I'm not sure why we shouldn't pay them $10-12/hour as federal minimum wage. to me this is the crux of the argument. we are arguing pennies not policies. What is the minimum wage. To me $12 sounds way too high. 10 does too. minimum wage should never be a living wage imo, someone earlier said it beautifully.

I think if someone could finally convince these anti-poor folks that paying them a little more would decrease the amount of taxes said anti-poor folks have to spend on entitlement, then they'd probably drop the whole "but we will have to pay 2 cents more for that Big Mac" argument they've been shoving down our throats like we're a bunch of mindless gooberheads.problem is we spend more welfare money on people not employeed at all than we do who don't make enough asking if we want fries with that. and raising the minimum wage as high as you are saying would lead to more people unemployed than under-employed (whatever the f that is) as long as unemployment is a problem (5-7% unemployment is healthy imo) you have to have a minimum wage and you can't set the bar too high
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.
 
#52
#52
volprof said:
See, your problem, dingus, is that you think the fast food jobs that allow you to get your friday evening smug glut on are just "high school kid" jobs.

My stupid public-funded dumbass has actually worked with the public, has taught them too, as has my mother who works with a DSS department.

Some (many people, in fact) aren't has privileged as your smug little rear, and they are neither capable of the intellectual needs of a college education or capable of getting one, even if they are.

But tell us again how you grew up on a farm with parents who always encouraged you to succeed, so anyone can do it. Just like me.

Dingus.
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:lolabove::lolabove:

Then get off your lazy azz and start a business, employ people, pay them living wages. Don't ask actual producers to pick up your slack.

BTW thanks for the little rear compliment, glad you noticed.
 
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#53
#53
hog88 said:
Start a fast food chain and pay them whatever you want. I kid, we know you will never sign the front of a paycheck.

But let's just say we do raise it to $10, I wonder how many high school and college kids will be put out of that first job? The job that teaches a kid what work is.
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pilot pays $10 an hour. and plenty of college kids working there.
 
#55
#55
volprof said:
See, your problem, dingus, is that you think the fast food jobs that allow you to get your friday evening smug glut on are just "high school kid" jobs.

My stupid public-funded dumbass has actually worked with the public, has taught them too, as has my mother who works with a DSS department.

Some (many people, in fact) aren't has privileged as your smug little rear, and they are neither capable of the intellectual needs of a college education or capable of getting one, even if they are.

But tell us again how you grew up on a farm with parents who always encouraged you to succeed, so anyone can do it. Just like me.

Dingus.
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community college and trade schools *can* end up paying better than college education. I about punched somebody when i heard how much a welder makes after getting certified (no education needed, just experience, hard work and dedication to a craft)
 
#57
#57
LouderVol said:
community college and trade schools *can* end up paying better than college education. I about punched somebody when i heard how much a welder makes after getting certified (no education needed, just experience, hard work and dedication to a craft)
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$75 per hour is what the guy outside welding pipe for us is charging today.
 
#58
#58
hog88 said:
Most fast food employees on the job over 6 months make more than minimum wage.
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i was just saying that the jobs for the college and high school kids wouldn't dry up if it paid more than minimum wage because of the year round workers knocking down the door to make $10 an hour.
 
#60
#60
LouderVol said:
i was just saying that the jobs for the college and high school kids wouldn't dry up if it paid more than minimum wage because of the year round workers knocking down the door to make $10 an hour.
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There would still be jobs out there but not as many. For several years I'd bring in my daughter and a friend or three to do work around the office if we had to pay them any more than $8 per hour I wouldn't do it.
 
#63
#63
hog88 said:
:lolabove::lolabove:

Then get off your lazy azz and start a business, employ people, pay them living wages. Don't ask actual producers to pick up your slack.

BTW thanks for the little rear compliment, glad you noticed.
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I find it hard to believe you're a fellow farm kid, considering what an entitled little ass you are.

Anyhow, it's hard to start a business when I'm having to educate your stupid kids. Someone has to do it.

Maybe you can do it. You seem very smart.

Never forget that you still pay the taxes that go into the welfare system, dingus. So, while you're not too big picture, realize it can actually help you in the end. Hell, the higher wages, the more others have to put into your silver spoon business.

And stop saying "azz." Just cuss. What are you, some sort of weirdo Christian?
 
#64
#64
hog88 said:
Just using 1963 since these are the oldest numbers for all three categories.

1963 minimum wage - $1.25
1963 average annual income - $4,396
1963 average house price - $19,300

2010 minimum wage - $7.25
2010 average annual income - $41,673
2010 average house price - $272,900

Just what has a $6 raise in the minimum wage over 47 years accomplished?
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In 1963, $1.25 or five 90% silver quarters is roughly .9 troy oz of silver.

2080 working hours in a year means that person on minimum wage earned $1.25 X 2080 = $2600/yr.

The ratio of the avg annual income to the minimum wage income for 1963 is $4396/$2600 = 1.69

Today, at roughly $15.36 per oz, minimum wage should be .9 troy silver X $15.36 = $13.83. Assuming 2080 hrs in a work year that comes to $13.83 X 2080 = $28,753.92/yr.

That same person today being paid in fiat trash dollars would make $7.25 X 2080 = $15,080/yr.

If the avg annual income today is $41,673, then the ration of avg annual income to minimum wage in fiat trash dollars is 2.76. Yet, if we paid in 90% silver like we did in 1963, the ratio is $41,673/$28,753.92 = 1.44, which is a close to the 1963 ratio.

Fiat money is robbing you...
 
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#65
#65
volprof said:
I find it hard to believe you're a fellow farm kid, considering what an entitled little ass you are.

Anyhow, it's hard to start a business when I'm having to educate your stupid kids. Someone has to do it.

Maybe you can do it. You seem very smart.

Never forget that you still pay the taxes that go into the welfare system, dingus. So, while you're not too big picture, realize it can actually help you in the end. Hell, the higher wages, the more others have to put into your silver spoon business.

And stop saying "azz." Just cuss. What are you, some sort of weirdo Christian?
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When are you going to change your screen name ? I thought you got the boot.😎
 
#66
#66
FLVOL69 said:
When are you going to change your screen name ? I thought you got the boot.😎
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No boot. Just tired. Tired of the direction UT was going in. Tired of *******s like you constantly whining about their precious tax dollars while I've had to pay for your useless military ass for over a decade now. Various things.

Things could always be worse though. For instance, I could think that Frank Zappa was actually a good musician.
 
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#67
#67
volprof said:
I find it hard to believe you're a fellow farm kid, considering what an entitled little ass you are.

Anyhow, it's hard to start a business when I'm having to educate your stupid kids. Someone has to do it.

Maybe you can do it. You seem very smart.

Never forget that you still pay the taxes that go into the welfare system, dingus. So, while you're not too big picture, realize it can actually help you in the end. Hell, the higher wages, the more others have to put into your silver spoon business.

And stop saying "azz." Just cuss. What are you, some sort of weirdo Christian?
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Our farm is still operational and expanding, I wonder why?

And no, you didn't have to educate my kids, I'd have paid someone to do it. At least I hope you didn't. So jump your ass out there and start a business and quit suckling off the producers teats.
 
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#68
#68
volprof said:
No boot. Just tired. Tired of the direction UT was going in. Tired of *******s like you constantly whining about their precious tax dollars while I've had to pay for your useless military ass for over a decade now. Various things.

Things could always be worse though. For instance, I could think that Frank Zappa was actually a good musician.
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You posted your salary not to long ago, your contribution has been minimal.
 
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#69
#69
Depending on who you reference, the average price per gallon of gasoline in 1963 was. about 30 cents. Today, the melt value of three 90% silver dimes is about $3.33.

Fiat money is robbing you.
 
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#70
#70
volprof said:
No boot. Just tired. Tired of the direction UT was going in. Tired of *******s like you constantly whining about their precious tax dollars while I've had to pay for your useless military ass for over a decade now. Various things.

Things could always be worse though. For instance, I could think that Frank Zappa was actually a good musician.
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None of my tax dollars went towards your salary nor have I been in the military in over 30 years, and yes,Zappa was a brilliant musician..
 
#73
#73
Rasputin_Vol said:
No, inflation is when the value of the money decreases and it requires more of the worthless money to buy real products and services.

Prices aren't going up, its your money being worthless.
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Surely the prices are going up if the money is becoming more worthless. Or are you blind to see that?
 
#75
#75
hog88 said:
You posted your salary not to long ago, your contribution has been minimal.
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And that there, my friends is the crux.

You're an elitist.

You don't care about anyone else other than your own, as you say, teat suckers.

I don't know what kind of farm you grew up on, but it disappoints me to see how you think about things regarding those who work hard and those who are uneducated.

I'm glad you get to send your entitled spawn to wherever you prefer. Things apparently worked out very well for you, but not everyone can do that.

Anyhow, just please don't raise your kids to be completely blind to the plight of others.

It's great to make money and be the emperors of the world, which you seem to champion, but never forget where you came from.

The money you make is not an indicator of your self worth.

But what the hell do I know. I'm not a Christian.
 
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