U.S. Income Inequality Now Higher Than Mexico's

[DUNCANownsKOBE]

Why the would I want to be a business owner if my employees make more than I do? I'll take the semi-skilled low stress job that pays nearly 6 figures, thank you.

I don't understand how a $15.00 minimum wage would result in low stress jobs that pay nearly 6 figures. Can you show me the empirical evidence behind that?

I completely understand that $15.00 an hour is a lot more than someone like your son would be "worth" in a completely open market. That's not the point since it's not nearly that simple. There is only room for so many doctors, lawyers, business owners, bankers, etc. in the economy. The average worker is always going to have a low skill mundane job with relatively simple labor and low stress. The only way to have a sustained middle class is if those workers are able to make a decent wage where they have purchasing power and don't live paycheck to paycheck. That's always going to be the case regardless of the bull Bill Clinton said about how Americans don't need the manufacturing jobs being shipped to Mexico because they're low skill.

[101A]

I don't understand how a $15.00 minimum wage would result in low stress jobs that pay nearly 6 figures. Can you show me the empirical evidence behind that?

If an entry level job that currently pays 15K all of a sudden pays 30K - everything else takes care of itself.. entry employees at my company making 30K jump to, I don't know, to 45 or 50? Again, its a cost/benefit metric for EVERYONE, how much is it worth to have a higher stress/more difficult job vs. taking an easier route, but only making a little less. Again YOU"RE setting the bar at the easiest, least valuable job being worth 30K - my employees at that price currently, work a job that is twice as expensive as that...the natural conclusion is that those jobs would pay 60 grand.

You're right, btw, Manufacturing jobs were the secret; they created (manufactured) wealth with their labor - actually take something less valuable and turn it to something MORE valuable; a lot easier to find living wages when that kind of metric....now "wealth" is created on paper on Wal Street; not there there. I am not the free trade Nazi I used to be; protectionism used judiciously, IMO would alleviate some problems....Germany has a nice model...

[DMC]

If we were really the same person this username would have been banned too, as would Trill Clinton, CuckingFunt, lefty, and AaronY my other trolls.

No. Timvp stated that you always log on with each account through a different proxy. So.... no.

[sickdsm]

Finding a cheap employee is always more expensive than paying more for a quality employee. I realize that one cannot live on some of these wages. But ask anyone that's tried to hire unskilled physical labor before and most will agree that most of the applicants aren't worth it even if they were working for free.


I do think for a lot of people the military or a semi driver is an occupation thats mostly readily available and can pay relatively decent.

[Rick Santorum]

lol raising the minimum wage does nothing, it's a subjective number. if you raise the cost of production then the final goods just cost more and youre right back in the same boat. that's not going to create any wealth..the numbers are just subjective. 15 an hour is just a number, if a loaf of bread cost 5-7 bucks then we'd be right back in the same boat.

[Rick Santorum]

cost push inflation 101

[baseline bum]

lol raising the minimum wage does nothing, it's a subjective number. if you raise the cost of production then the final goods just cost more and youre right back in the same boat. that's not going to create any wealth..the numbers are just subjective. 15 an hour is just a number, if a loaf of bread cost 5-7 bucks then we'd be right back in the same boat.

You taking economic advice from Little Gabriel again?

[Rick Santorum]

if it were as simple as just raising the minimum wage then we'd all be rich. do you have any sort of idea what kind of consequences that would have for an economy?

[FuzzyLumpkins]

Then you look at the CPI before and after minimum wage increases. Interesting hypothesis that doesn't bear out empirically.

[boutons_deux]

if it were as simple as just raising the minimum wage then we'd all be rich. do you have any sort of idea what kind of consequences that would have for an economy?

$15/hour = $30K/year which above the median income, which not rich, but would be a living income with no SNAP, etc.

If BigHealthCare would quit obstructing a govt/public health insurance option for all, $30K/year person would have health insurance, too.

U.S. Median Annual Wage Falls To $26,364 As Pessimism Reaches 10-Year High

http://www.huffingtonpost.com/2011/1...n_1022118.html

[DUNCANownsKOBE]

Then you look at the CPI before and after minimum wage increases. Interesting hypothesis that doesn't bear out empirically.

People who believe in supply side economics have never been a fan of empirical evidence.

[DUNCANownsKOBE]

if it were as simple as just raising the minimum wage then we'd all be rich. do you have any sort of idea what kind of consequences that would have for an economy?

I look at Australia and don't see what consequences a $15.00 minimum wage would have. Tell me, what consequences did Alex Jones say raising the minimum wage would have?

[DUNCANownsKOBE]

You taking economic advice from Little Gabriel again?

I'm no longer using det troll if that's what you're thinking, tbh.

[Rick Santorum]

If elected president in 2016, I promise to raise the minimum wage to 1 MILLION dollars per hour!

[DMX7]

You've got to love how the most hysterically Jesus-Worshiping Christian nation in the world is also the first to tell the poor to go pull themselves up by their own boot straps and go off and die if they can't.

[DUNCANownsKOBE]

You've got to love how the most hysterically Jesus-Worshiping Christian nation in the world is also the first to tell the poor to go pull themselves up by their own boot straps and go off and die if they can't.

Well they use Jesus to convince poor people that the low minimum wage is to there benefit, tbh. Religion has been used by the rich to suppress/enslave/indoctrinate/etc. the poor since the beginning of civilization.

[baseline bum]

Well they use Jesus to convince poor people that the low minimum wage is to there benefit, tbh. Religion has been used by the rich to suppress/enslave/indoctrinate/etc. the poor since the beginning of civilization.

The meek shall inherit the Earth*






































































































* you also gotta believe you survive your own death, the holy trinity, 3 gods are really 1 but they're really 3 but seriously the same 1, talking snake, etc

[CosmicCowboy]

You've got to love how the most hysterically Jesus-Worshiping Christian nation in the world is also the first to tell the poor to go pull themselves up by their own boot straps and go off and die if they can't.

How exactly did the USA tell them to go themselves? There is a HUGE ing "safety net". You have to accept the fact that some of these insane street people voluntarily choose that path.

[FuzzyLumpkins]

How exactly did the USA tell them to go themselves? There is a HUGE ing "safety net". You have to accept the fact that some of these insane street people voluntarily choose that path.

You're right. He should have just said "the most hysterically Jesus-Worshiping Christian political party.'

[DMX7]

How exactly did the USA tell them to go themselves? There is a HUGE ing "safety net". You have to accept the fact that some of these insane street people voluntarily choose that path.

There is a safety net because the Democrats have preserved it from complete destruction. Republicans can't stand it though.

[boutons_deux]

How exactly did the USA tell them to go themselves? There is a HUGE ing "safety net". You have to accept the fact that some of these insane street people voluntarily choose that path.

80% of, eg, Walmart employees, aka people who choose that " ty path", aka working poor, still qualify for Medicaid and SNAP GFY, richie sociopath.

4M homes have been stolen by your buddies in the criminal, predatory financial sector.

[boutons_deux]

One Walmart's Low Wages Could Cost Taxpayers $900,000 Per Year, House Dems Find

Walmart wages are so low that many of its workers rely on food stamps and other government aid programs to fulfill their basic needs, a reality that could cost taxpayers as much as $900,000 at just one Walmart Supercenter in Wisconsin

uses Medicaid data released in Wisconsin to piece together the annual cost to taxpayers for providing a host of social safety net programs, including food stamps and publicly subsidized health care, to workers at one Supercenter in the state.

According to the report, Walmart had more workers enrolled in the state’s public health care program in the last quarter of last year than any other employer, with 3,216 people enrolled. When the dependents of those workers were factored in, the number of enrollees came to 9,207.

"When low wages leave Walmart workers unable to afford the necessities of life, taxpayers pick up the tab,"

After accounting for the total number of Walmart stores and employees across the state and the per-person costs of BadgerCare, as the state’s health care program is known, the report's authors estimated that the cost of publicly funded health care comes to $251,706 per year for a 300-employee Supercenter.

The authors then added up the projected costs of other public-assistance programs available to families on BadgerCare, such as reduced-price school meals, Section 8 housing assistance, the earned income tax credit and energy assistance. Assuming all those workers avail themselves of those additional programs -- granted, an unlikely scenario -- the report extrapolates that the final tab would top $900,000.


http://www.huffingtonpost.com/2013/0...comm_ref=false

Walmart's response in the article is of course LYING AND IRRELEVANT? Walmart offers "opportunties"?

Taxpayers pay the wages, benefits which are not paid by Walmart who pockets the savings/profits of those taxpayer wages and benefits. aka, wealth distribution upwards.

[dbestpro]

Walmart pays low and sucks to be an employee. They also survive off of 3% profit margin. Not much room to make a difference for their employees unless they pass the expense on to the customers.

[DUNCANownsKOBE]

that poor Walton family

[boutons_deux]

3%?

here it says it was pushed down to 4.6%, to a piddly $15.7B

"That helped push revenues up by 6% during 2011, to $447 billion, but it hurt Wal-Mart's bottom line -- profits declined by 4.6% during the year, to $15.7 billion."

http://money.cnn.com/magazines/fortu...hots/2255.html

So if Walmart paid its store drones a living wage and benefits instead of taxpayers paying it, it's business model would suck. Walmart is a taxpayer-subsidized TAKER.

And Walmart somehow finds enough profit to payoff capitalists:

http://stock.walmart.com/stock-infor...s-stock-splits