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Author Topic: Minimum wage should be $21.72 per hour.  (Read 6170 times)

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Offline Freeper

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Minimum wage should be $21.72 per hour.
« on: February 14, 2013, 05:43:47 PM »
Quote
kentuck (65,006 posts)

Minimum wage should be $21.72 per hour.


 
http://www.huffingtonpost.com/2013/02/13/minimum-wage-productivity_n_2680639.html

<snip>
President Obama's call to increase the federal minimum wage to $9 an hour was one of the more significant proposals he laid out in his State of the Union address Tuesday night. But $9 an hour is still a far cry from what workers really deserve, a 2012 study finds.

The minimum wage should have reached $21.72 an hour in 2012 if it kept up with increases in worker productivity, according to a March study by the Center for Economic and Policy Research. While advancements in technology have increased the amount of goods and services that can be produced in a set amount of time, wages have remained relatively flat, the study points out.

Even if the minimum wage kept up with inflation since it peaked in real value in the late 1960s, low-wage workers should be earning a minimum of $10.52 an hour, according to the study.

Between the end of World War II and the late 1960s, productivity and wages grew steadily. Since the minimum wage peaked in 1968, increases in productivity have outpaced the minimum wage growth.

....more

http://www.democraticunderground.com/10022371702

I'm all for it, I would love for everything to cost 3 times as much.  :mental:

Quote
dtom67 (280 posts)
5. agree...

And maximum net worth should be 20 million dollars. 100% taxation over that limit...

Quote
dtom67 (280 posts)
6. of course, 10.mill would be ok too

Quote
Blanks (1,072 posts)
46. I don't agree with that...

I think we should have a 91% tax bracket for people who earn over $4 million a year (including dividends and interest) but there should be no ceiling on net worth.

Liberals are so generous with other people's money.  :mental:
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Offline zeitgeist

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Re: Minimum wage should be $21.72 per hour.
« Reply #1 on: February 14, 2013, 06:10:42 PM »
DUmmies are on a tear over this issue. Here is a companion thread.


http://upload.democraticunderground.com/10022374382

Quote

JaneyVee (2,704 posts)


Australia's Minimum Wage is $15.96/hr - $606.40/wk - 5.3% unemployment


Higher minimum wage would not only stimulate the economy but also lower the rate of public assistance, which is basically subsidizing corporate profits.
 
http://www.fairwork.gov.au/pay/national-minimum-wage/pages/default.aspx


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« Last Edit: February 14, 2013, 06:12:43 PM by zeitgeist »
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Offline 98ZJUSMC

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Re: Minimum wage should be $21.72 per hour.
« Reply #2 on: February 14, 2013, 06:11:35 PM »
Quote from: Freeper on February 14, 2013, 05:43:47 PM
http://www.democraticunderground.com/10022371702

I'm all for it, I would love for everything to cost 3 times as much.  :mental:


Yep.  Looking forward to trying that $20.00 Filet-o-Fish.  No fries or drink, of course.

I'll bet it's even yummier.....
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Offline 98ZJUSMC

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Re: Minimum wage should be $21.72 per hour.
« Reply #3 on: February 14, 2013, 06:15:50 PM »
For those interested.  From John Stossel:


Austrailias' Minimum Wage Myth

Some quick hits:

Quote
Most people who earn minimum wage are young, unskilled workers. How are they doing in Australia?

In June, Australia's unemployment rate for workers age 15 to 19 was 16.5%.

Last December, 63% of all jobs lost were jobs for young, unskilled Australians.

 
« Last Edit: February 14, 2013, 06:18:13 PM by 98ZJUSMC »
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Liberal thinking is a two-legged stool and magical thinking is one of the legs, the other is a combination of self-loating and misanthropy.  To understand it, you would have to be able to sit on that stool while juggling two elephants, an anvil and a fragmentation grenade, sans pin.

"Accuse others of what you do." - Karl Marx

Offline ChuckJ

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Re: Minimum wage should be $21.72 per hour.
« Reply #4 on: February 14, 2013, 06:24:49 PM »
Quote
Blanks (1,072 posts)
46. I don't agree with that...

I think we should have a 91% tax bracket for people who earn over $4 million a year (including dividends and interest) but there should be no ceiling on net worth.

I agree with Blanks but with a slight change. Instead of the 91% tax bracket for people who earn over $4 million a year I say we should have a 91% tax bracket just for Blanks and any other Dummies that wish to join it.
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Offline J P Sousa

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Re: Minimum wage should be $21.72 per hour.
« Reply #5 on: February 14, 2013, 06:29:16 PM »
A big mac in Venezuela costs $15.12, (as of Jan 2012) the commie mother country.
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Offline jukin

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Re: Minimum wage should be $21.72 per hour.
« Reply #6 on: February 14, 2013, 06:57:21 PM »
1+1=POTATO.

Always will for the low IQers at the DUmp. That is why they are life's losers even though they think they are so smart.
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Offline Duke Nukum

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Re: Minimum wage should be $21.72 per hour.
« Reply #7 on: February 14, 2013, 07:24:42 PM »
DUmmies, I tell you true, accept nothing less than $10 million/hour.
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Offline Undies

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Re: Minimum wage should be $21.72 per hour.
« Reply #8 on: February 14, 2013, 07:26:30 PM »
Hey, DUmbasses -

The minimum wage can be $100.00 per hour but my payroll costs will not increase.  

See if you can use your tiny little maggot brains and figure out that riddle.
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Offline MoshMasterD

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Re: Minimum wage should be $21.72 per hour.
« Reply #9 on: February 14, 2013, 07:35:38 PM »
Quote from: Undies on February 14, 2013, 07:26:30 PM
Hey, DUmbasses -

The minimum wage can be $100.00 per hour but my payroll costs will not increase.  

See if you can use your tiny little maggot brains and figure out that riddle.
and the cost of living will worsen.
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Offline Splashdown

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Re: Minimum wage should be $21.72 per hour.
« Reply #10 on: February 14, 2013, 07:38:40 PM »
Quote from: Undies on February 14, 2013, 07:26:30 PM
Hey, DUmbasses -

The minimum wage can be $100.00 per hour but my payroll costs will not increase.  

See if you can use your tiny little maggot brains and figure out that riddle.

How much would a gallon of milk cost if the minium wage was $21.72 an hour?
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Offline Freeper

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Re: Minimum wage should be $21.72 per hour.
« Reply #11 on: February 14, 2013, 07:41:53 PM »
Quote from: Splashdown on February 14, 2013, 07:38:40 PM
How much would a gallon of milk cost if the minium wage was $21.72 an hour?

Depends on how much radiation is in the milk.  :-)
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I may not lock my doors while sitting at a red light and a black man is near, but I sure as hell grab on tight to my wallet when any democrats are close by.

Offline Evil_Conservative

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Re: Minimum wage should be $21.72 per hour.
« Reply #12 on: February 14, 2013, 07:45:54 PM »
Oh, but DUmmies, your bag of Cheeto's would cost $50.  And that would be for the smallest bag they make.
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Offline DumbAss Tanker

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Re: Minimum wage should be $21.72 per hour.
« Reply #13 on: February 14, 2013, 07:47:28 PM »
Quote
The minimum wage should have reached $21.72 an hour in 2012 if it kept up with increases in worker productivity,

Assuming, I suspect totally incorrectly, that the increase in productivity was uniform up and down the entire compensation scale.  I'm betting the productivity of the people earning minimum wage stayed pretty flat.
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Offline Freeper

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Re: Minimum wage should be $21.72 per hour.
« Reply #14 on: February 14, 2013, 07:47:47 PM »
Quote from: Evil_Conservative on February 14, 2013, 07:45:54 PM
Oh, but DUmmies, your bag of Cheeto's would cost $50.  And that would be for the smallest bag they make.

We fix that by raising the min wage to $50/hr.  :rotf:
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I may not lock my doors while sitting at a red light and a black man is near, but I sure as hell grab on tight to my wallet when any democrats are close by.

Offline Ptarmigan

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Re: Minimum wage should be $21.72 per hour.
« Reply #15 on: February 14, 2013, 07:48:50 PM »
Why $9/hour? Why not $90/hour. Stupid idea.  :mental:
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Offline LC EFA

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Re: Minimum wage should be $21.72 per hour.
« Reply #16 on: February 14, 2013, 08:16:40 PM »
Quote from: 98ZJUSMC on February 14, 2013, 06:15:50 PM
For those interested.  From John Stossel:


Austrailias' Minimum Wage Myth

Some quick hits:


Minimum wage in Australia depends on age , industry and a variety of other factors.

I worked a minimum wage position on the retail award here some years back when I was transitioning between occupations and building the capital I needed to start doing what I do now. The Adult Retail Award was circa $16/hr. My employer was one of the larger chain-franchise retailers in the country and this was standard adult wage for all staff. I had an additional "bonus" tacked on because I ran the service centre in the store in question. The sales drones got commission and various supplier provided "Inventive Vouchers". The latter is a good thing as production based incentive makes for a eager workforce. The former, not so much.

People in this country piss and moan about how our consumer goods are so much more than in the US, and some business (including my former employer) piss and moan about their market purchasing online to escape the additional costs. The "workers" don't figure that higher minimum wage rates, or hideously oppressive regulatory costs, have anything to do with it. It's gotta just be those nasty business "gouging" the consumer for a bigger profit !

One of the reasons our economy isn't doing so well is that high wages coupled with oppressive regulation costs , in a falling market,  have rendered us uncompetitive in the world economy.
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Offline USA4ME

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Re: Minimum wage should be $21.72 per hour.
« Reply #17 on: February 14, 2013, 08:34:22 PM »
Quote from: LC EFA on February 14, 2013, 08:16:40 PM
The "workers" don't figure that higher minimum wage rates, or hideously oppressive regulatory costs, have anything to do with it. It's gotta just be those nasty business "gouging" the consumer for a bigger profit !

It's scary how stupid people can be.  You'd think something like this would be an easy connection:  The employees get paid more therefore that expense has to be factored into the cost of the product or service.  But you're right, something that simple completely flies over their tiny little heads.  The primitives are a prime example of how simple economics that you would think a child would understand completely befuddles them.

.
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Offline Chris_

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Re: Minimum wage should be $21.72 per hour.
« Reply #18 on: February 14, 2013, 09:52:40 PM »
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Offline docstew

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Re: Minimum wage should be $21.72 per hour.
« Reply #19 on: February 14, 2013, 10:16:13 PM »
Quote from: 98ZJUSMC on February 14, 2013, 06:15:50 PM
For those interested.  From John Stossel:


Austrailias' Minimum Wage Myth

Some quick hits:


How dare you use logic and evidence against our hopes and unicorn farts, you racist! </DU mode>
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Offline Skul

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Re: Minimum wage should be $21.72 per hour.
« Reply #20 on: February 15, 2013, 06:39:45 AM »
Quote
Center for Economic and Policy Research.
Anything that starts its name as "Center for", is automatically discounted as a probable liberal/socialist front.
There has to be hundreds of them.
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Offline Karin

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Re: Minimum wage should be $21.72 per hour.
« Reply #21 on: February 15, 2013, 07:23:54 AM »
On another thread about this that I was reading over there yesterday, someone said "say hello to the $15 hamburger."  The Dummies came back with, "outside of McD's, they're already $15."  (I guess, say, in a city at a sit-down restaurant.)  and "The 1950's called.  They want their prices back."

It never occurred to them to take one step further, and anticipate the $50 hamburger. 

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Offline Maxiest

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Re: Minimum wage should be $21.72 per hour.
« Reply #22 on: February 15, 2013, 11:18:56 AM »
Another note on this.

You could say goodbye to any factories we have in the US now.

We have a large a manufacturing community a few miles away from where I live.  I would say average pay is about $12.00 per hour.  And these manufactures are already struggling with the low wages China has.  You make minimum wage any where near $21.00 they will have no choice but to close down or go overseas.

DUmmies are so short sighted.
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Offline I_B_Perky

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Re: Minimum wage should be $21.72 per hour.
« Reply #23 on: February 15, 2013, 04:06:54 PM »
Assuming no offshoring... what these economic illiterates fail to realize is if you raise min wage up to $20.00 then the skilled labor and highly technical jobs pay scale will go up as well. It has too. If I am making say 3 times min wage now, then I will demand that I make it after the rise. Then all costs of goods will have to go up and so will the price.

In a very, very short time the dummies would find themselves back on the bottom of the wage scale, crying and moaning about their plight.

Hey dummies? You are poor for a reason. Find out what that reason is and change it. Clue number 1: Look in the mirror.
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Offline Mr Mannn

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Re: Minimum wage should be $21.72 per hour.
« Reply #24 on: February 15, 2013, 05:26:39 PM »
WAIT! I gots a mucho better Idea!
Lets make minimum wage a Million dollars a year! Then we are ALL millionaires!!! AND we all pay higher taxes so the deficit is all better!!!11!

And we are ALL the 1 percent. No more class warfare.

Peace and prosperity in our time...with just the stroke of a pen. This could totally work, dude!
(head explodes)
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