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Old 01-30-2015, 09:10 AM   #76
classicman
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Quote:
Originally Posted by Spexxvet View Post
I have. Both were "managers", and they had 2 kids. They lived in a blue collar area, without obvious niceties, but I have no idea of their finances.
Easy to get an idea if you really want to know.
FWIW, they are making more than I am in my white collar world.
Imagine that?!?!?
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Old 01-30-2015, 09:38 AM   #77
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"Starter Jobs" went the way of sword fighting and knickers. There are less jobs than people who want them, so can you reserve slave wage jobs under the guise of preparing teens for the world? What about the others? Well fuck them, they can rob banks or starve, because they can barely survive on a minimum wage job unless someone else is paying the rent and shit.
Hey, that's it, they could band together and share... but that's communism, we can't have that. Let's see, we can't call them a family, they'll want tax breaks and shit. Hmm, I have it, we'll call them a GANG.
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Old 01-30-2015, 09:49 AM   #78
classicman
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People at or below the federal minimum are:

Disproportionately young: 50.4% are ages 16 to 24;
24% are teenagers (ages 16 to 19).
Mostly (77%) white; nearly half are white women.
Largely part-time workers (64% of the total).
Sooooooooo ... 36% are full-time workers
statistically half or 49.6% are OVER 24.
~~~~~~~~~~~~~~~~~~~~
and from the ever unbiased Politifact

Rob Portman says 'about 2 percent of Americans get paid the minimum wage'
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Old 09-02-2015, 11:18 AM   #79
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Looking at the manufacturing sector.
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The Fight For $15 protest movement has gained support recently, as the Democratic Party added a national $15 minimum wage to its platform and presidential candidate Senator Bernie Sanders introduced legislation that would do this by 2020. An increase of this magnitude will have a much greater reach than the minimum wages we currently see in the U.S., which raises the important question of how a $15 minimum wage would affect manufacturing. The potential for lost jobs is particularly acute given that many manufacturers face global competition. If wages become too high in one place, it's easier for a manufacturer than for, say, a restaurant, to relocate operations. After all, the huge decline in manufacturing employment in previous decades is in part a warning about the unsustainability of above-market wages in a globally competitive environment.
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Old 09-06-2015, 05:41 PM   #80
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There is something in the air...

Do you smell it too? It smells so fresh


It smells the perfect time you wanted it in


It smells like I don't need to worry if it washed it's hands


Come here big boy, you know where I want you


Oh yea, you beautiful wave of destruction


Was it good for you? Well I'd light up a smoke but nobody can afford too....
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Old 06-26-2017, 01:49 PM   #81
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https://www.washingtonpost.com/news/...=.946a7b8a0328

https://fivethirtyeight.com/features...-gone-too-far/
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Old 06-26-2017, 03:51 PM   #82
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The city is gradually increasing the hourly minimum to $15 over several years. Already, though, some employers have not been able to afford the increased minimums. They've cut their payrolls, putting off new hiring, reducing hours or letting their workers go, the study found.
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Old 06-26-2017, 04:41 PM   #83
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Interesting; two studies came out with opposing results; one concentrated on restaurants, including fast food chains, and the other covered all sectors, but excluded multi-location businesses, like fast-food chains. One had excellent access to lots of data, but only in Washington State, while the other used more general data, but made comparisons across the country.

Neither study included multi-location businesses across all sectors, which I would expect to be a fairly significant block. On the one hand, it's a valid point if raising the minimum wage hurts mom & pop shops more than chains, but on the other hand, chains have been knocking out the mom & pop shops already, under historically low minimum wages. A study that purports to talk about the average impact to workers while omitting workers who work for businesses with widespread locations seems suspect. As does one that only includes restaurants, though that seems to be the standard, if these articles are correct.
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Old 06-26-2017, 05:02 PM   #84
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Well proven repeatedly in economics and history - if machines replace humans, then more human jobs are created, that economy is healthier, people's living standards increase, wealth of the common man increases, and it is all contrary to classic sound byte reasoning.

We also know that an economy is healthier and a Gini coefficient decreases when the minimum wage moves up to an affordable income level. Also known as a living wage.

A minimum wage that is too high may also have adverse affects. But anyone citing 'use of more machines' to lower peoples incomes and job opportunities is using wild speculation and junk science reasoning. History has repeatedly demonstrated otherwise.
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