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Why you don't set the minimum wage to $70K - Printable Version +- AlienBabelTech Forums (http://alienbabeltech.com/forum) +-- Forum: Social (http://alienbabeltech.com/forum/forumdisplay.php?fid=3) +--- Forum: News & Politics (http://alienbabeltech.com/forum/forumdisplay.php?fid=5) +--- Thread: Why you don't set the minimum wage to $70K (/showthread.php?tid=731) |
Why you don't set the minimum wage to $70K - RolloTheGreat - 08-01-2015 http://www.nytimes.com/2015/08/02/business/a-company-copes-with-backlash-against-the-raise-that-roared.html?_r=0 Go figure- The people who used to make that quitting because they think their degrees and skills should mean they earn more than the guy that sorts the mail. The customers choose other businesses because they think this one is fiscally irresponsible. The "trend of the future", right Dave and GStan? Sure.......we'll ALL make at least $70K because it would be nice.....even the guy that makes our burgers at lunch- $70K!
RE: Why you don't set the minimum wage to $70K - dmcowen674 - 08-01-2015 The people that left and whining like babies are spoiled brats. $70,000 would mean not living check to check to survive. If I lived in Seattle I would work there. His web developer did leave. Maybe he'll see this. Only way I could go there was if he paid for re-location. When you live check to check you are stuck where you are. RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-02-2015 (08-01-2015, 06:13 PM)gstanford Wrote: Some of his customers unilaterally left based on unfounded concerns about possible fee hikes (which they were assured would not happen), but he has gained more than enough new customers to offset those that left(most likely with a conservative political agenda to match Rollo's). Do you employ anyone GStan? If so, how do your attorneys and accountants like making the same money as your mail room people and janitors? Are they "good team players" and saying, "Seems fair to me I had to spend years of my life and $100,000 on my college degree and Bubba makes the same money as I do. Bubba needs money too, and we're all on the same team!" LOL only a crackhead would think Dan Price's company makes any sense. There's nothing wrong with paying above market rate to keep turnover low and have your pick of the best employees. That sort of thing is done all the time. Where Dan fails is thinking the people who were making $70K because they have job skills that are worth $70K are going to just take it when he doubles the pay of the entry level staff and leaves theirs the same, saying "You're all employees, you should all make the same!" As noted, no one is following his lead. RE: Why you don't set the minimum wage to $70K - SteelCrysis - 08-02-2015 (08-02-2015, 02:39 AM)RolloTheGreat Wrote: Do you employ anyone GStan?GStan is absolutely right. To paraphrase Hubert H. Humphrey: "the time has come for the business world to get out of the shadow of job position rights and walk forthrightly into the bright sunshine of human rights!" RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-02-2015 (08-02-2015, 06:07 AM)SteelCrysis Wrote: GStan is absolutely right. To paraphrase Hubert H. Humphrey: "the time has come for the business world to get out of the shadow of job position rights and walk forthrightly into the bright sunshine of human rights!" Sorry dude, but Hubert Humprey of the Farm Labor Party is smoking the pot pipe as well. Why would anyone actually waste years of their life learning a skilled trade, and spend the $100K on a college education if they could just put on a paper hat and start handing the donuts and coffee out and make the same money? They WOULDN'T because it is WORK, and people don't do work with out the expectation of something in return. They wouldn't because it's a great amount of MONEY, and people don't invest a great amount of money without getting something in return. The only people who think everyone should earn the same money are: A. Communists B. Those who didn't do the work or spend the money RE: Why you don't set the minimum wage to $70K - SteelCrysis - 08-02-2015 (08-02-2015, 06:52 AM)RolloTheGreat Wrote: Sorry dude, but Hubert Humprey of the Farm Labor Party is smoking the pot pipe as well.Who said the skilled trade dudes can't make a few percent more than the nobodies? RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-02-2015 Like Apoppin, GStan does not understand what "fair" means. He thinks other people should have to sacrifice the work and the money, and he should get the rewards they earned. Just like Apoppin thinks other people should earn the money to pay for his healthcare, even though he could earn it himself. RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-02-2015 (08-02-2015, 07:01 AM)SteelCrysis Wrote: Who said the skilled trade dudes can't make a few percent more than the nobodies? Goes back to the concept of "fair". It's not fair to spend years learning better skills and tons of money for a few percent. RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-02-2015 (08-02-2015, 07:14 AM)gstanford Wrote: Nobody forces anyone to over-qualify themselves for work and then attach great expectations on to that. You're evading the issue because you know I'm right. A Dr. is not "over qualified"- he/she is a person who has paid the money and work to learn his trade, not the burger flipper. The engineer is not "over qualified" he/she is a person who has done the work and paid the money. The difference between us is I know I didn't do the work and pay the money to become a physician, but I did the work and paid a lot more than the guy who makes my lunch. As such I deserve much less than the former, much more than the latter. RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-02-2015 (08-02-2015, 07:20 AM)gstanford Wrote:(08-02-2015, 07:17 AM)RolloTheGreat Wrote:(08-02-2015, 07:01 AM)SteelCrysis Wrote: Who said the skilled trade dudes can't make a few percent more than the nobodies? I am. This morning I went boating and fishing with my brother in my $30K boat. I was better off than the guys with the $1K boats, not as well off as the guys with the $60K boats. This afternoon I went to my backwoods shack on a small lake, had a picnic with my wife, then we paddled one of our canoes and I caught a few bass. I was better off than the people who went to the public parks, not as well off as the guys with nice cabins on big lakes, and they are not as well off as the guys with bigger houses on lakes they own for themselves. The difference between you and me is I don't think I'm owed the nice cabin on the big lake, or the better cabin with it's own lake. I understand I made my choices and am happy with the outcomes, even though I know many people more wealthy than myself. RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-02-2015 (08-02-2015, 08:23 AM)gstanford Wrote: I don't believe I am owed or entitled to anything. I do believe that if I do a fair days work that I should be compensated with fair pay. Doesn't sound that way. I don't see anything "fair" about giving the lower skilled employees a HUGE raise, and not giving the higher skilled employees a similar raise. You work in some sort of computer shop IIRC. As such you probably have some tech skills. If the owner of the tech shop comes in Monday and says, "Good news GStan! I read your posts on ABT! We're going to pay Louie the janitor the same as we pay you, because you don't think you're above other people! I think you should take Louie to lunch to celebrate my egalitarian gesture!" RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-02-2015 (08-02-2015, 10:12 AM)gstanford Wrote: I am the owner. Now we're getting somewhere. Do you have employees? if so, do they make the same amount of money? Are they all making $70K USD/year? RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-02-2015 As a businesss owner, you decide what is a fair price for your work and the market either pays it or doesn't. I don't know what "Access Center" is, I doubt "everyone gets paid the same" will ever catch on here. The whole premise of our economic system is that people can get ahead and have a better life if they do the work and invest in themselves. Everyone CAN'T make high pay to do all things, the money just isn't there. At your computer shop, there is apparently not enough profit for you to employ even one person. (or even solely support yourself) At a sandwich shop, if all the employees made $70K, the business would go broke instantly. It's also not fair for everyone to make the same amount. Maybe if everyone is standing on an assembly line and they all pull the drill press handle 800X a day, but if one guy is a janitor, one guy is a network tech, one guy is a lawyer, and the last guy is an accountant, to pay them all the same is
RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-02-2015 (08-02-2015, 05:45 PM)gstanford Wrote:(08-02-2015, 05:32 PM)RolloTheGreat Wrote: It's also not fair for everyone to make the same amount. Maybe if everyone is standing on an assembly line and they all pull the drill press handle 800X a day, but if one guy is a janitor, one guy is a network tech, one guy is a lawyer, and the last guy is an accountant, to pay them all the same is :silly: :silly: :silly: Communist Comrade GStan, what is the incentive for people to spend $100,000 of their own money and years of their lives, and then do more stressful and difficult jobs if they could make the same money pushing a broom or flipping a burger? Even if the college was free, there is still the years of work learning your skill and then the harder work- why would people do this? Of course, I could also note that what you desire has been tried and then abandoned everywhere it was tried (China, USSR) because it just doesn't work. Look at the ten richest nations on the planet, where people have the highest per capita income Comrade GStan: http://www.mapsofworld.com/world-top-ten/world-top-ten-richest-countries-map.html Do you see any communist nations there? So you think everyone should live kind of poor so no one has to live really poor? That some people should have to work hard so others can slack? Spoken like a man who wants to slack and live off others. "I got my A+ computer tech certification in one year of studying weekends, so I deserve the same money as the guy who spent 10 years of his life getting a PHd in electrical engineering to design the chips! We're all contributing, the PHd guy was just stupid to work so much harder than me for the same money!"
RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-02-2015 (08-02-2015, 06:39 PM)gstanford Wrote: As I've stated before, all employers care about is that you can competently perform the duties in your job description. It does not matter how you got the knowledge/qualifications to do so, only that you actually can do so. If you can't answer the question, you are either admitting I am right, or that the question is above your ability to understand. It's not a hard question: Why would people work harder and spend more money on training themselves if they knew the reward for their efforts is the same as the guy who worked less and spent less?? It's not a hard question to understand, it just breaks the ridiculous world view that you have sold yourself, I guess to rationalize not doing the work those guys did and wanting more money for what you do. To accept that others deserve more for their efforts because they have done more and invested more would be to admit you did not, and got exactly what you deserve. Therein lies the difference in us: I can accept that others studied longer, learned more difficult work, invested more in the training and therefore deserve more pay. You think you should get the pay without the work and investment, you're a freeloader like Apoppin. You're not even right about what businesses want. One of my degrees is a BS-Business and they never once told us "Business exists to provide society with an equal standard of living". No, they told us "businesses exist to provide a profit or service to owners". Do you HONESTLY think the guy that mops the floors at NVIDIA is as important to the company as the guy who designs the GPUs? That you could in any way sell that laughable insanity? How about at a law firm? Have a bunch of lawyers that do the highly skilled work and make all the money for the company, and Louie, emptying the trash every night. Yeah, Louie is just as important as the lawyers.
RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-02-2015 https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita Communist Comrade GStan, notice how the other big nations that tried communism have a per capita income of $12K/year (Russia) and $7K/year (China)? How the USA is the only big nation in the top ten for per capita income? You think they are doing something right and we are doing something wrong? ![]() Of course, even in your teeny tiny country they aren't practicing your "everyone gets paid the same" bullshit: http://www.astermedical.com.au/outside-of-australia/doctors-salaries-australia/ Doctor in Australia makes $200K-$300K. http://www.engineeringjobs.com.au/engineering-industry-salary-information Looks like your engineers are earning over $100K on average as well. http://www.payscale.com/research/AU/Job=Accountant/Salary $54K on average for accountants. How about Louie, our intrepid janitor? http://www.indeed.com/salary/q-Janitor-l-Australia-Landing,-MS.html Yep, looks like Louie is making $20-$30K in Australia too. Why aren't these people all being paid the same Comrade GStan? Haven't the people who set salaries in your country heard of your wonderful communist theories for prosperity?! RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-02-2015 You know why you can't answer me GStan? Because no one in their right mind would actually believe: "It's fair for some people to work much harder and invest much more into their job and get paid the same as guys who do much less and need no training.". Doesn't have anything to do with the people being "better" it has to do with the expectation that return on investment is proportionate to investment. Only freeloaders and bums think other people should do the hard work and pay the costs so the freeloaders and bums can collect the benefits. People doing the work and risking their assets usually want what they have earned for doing so. If your ideas (really Karl Marx's ideas) are so great, point out some place they have actually worked. RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-02-2015 (08-02-2015, 08:41 PM)gstanford Wrote:Quote:If your ideas (really Karl Marx's ideas) are so great, point out some place they have actually worked.Gravity payments would be a rather obvious example....... More like "Gravity payments is how I wish everyone did business because it would benefit me" while you ignore the guy's partner disagrees, his senior staff are quitting, and key customers are dumping him because they think he is nuts. I'll make the question more specific: Name one country where "everyone makes the same and no one is more valued than anyone else" is the economic system and it has worked well. (won't hold my breath here as we both know it has never happened) RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-02-2015 (08-02-2015, 09:29 PM)gstanford Wrote: The reason it has never happened is no-one other than Dan Price has seriously tried it before. http://dictionary.reference.com/browse/communism?s=t No, classless society has been tried in China and Russia, and it failed miserably. Of course you and the other slackers are the only ones cheering on Dan Price. Have any other companies followed his lead? Why not, if it is "brilliant"? Probably because it didn't even work for Gravity, a fact you ignore: http://www.foxnews.com/us/2015/08/01/seattle-ceo-who-set-firm-minimum-wage-to-70g-rents-house-to-make-ends-meet/ RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-02-2015 (08-02-2015, 10:30 PM)gstanford Wrote: I don't know what you mean "it didn't even work for Gravity", it is still happening there and he has picked up new customers in the process too. LOL Why don't you send yourself an appointment to check in on this in a year? This is going nowhere, fast. RE: Why you don't set the minimum wage to $70K - ocre - 08-03-2015 (08-02-2015, 10:30 PM)gstanford Wrote: I don't know what you mean "it didn't even work for Gravity", it is still happening there and he has picked up new customers in the process too. it did not work. Not at all. it is nothing like you and rollo think. You guys got this all wrong. Oh, let me count the ways. 1) Gravity did set the minimum salary to 70K, just not today. Not this year, not even next year.......not even 2 yrs from now. They plan (hope) to have the the minimum wage up to 70k by 2018 (dec 2017). Their wages will raise over time. 5k a yr. Employees making less than $70,000 annually will receive a $5,000-per-year raise or be paid a minimum of $50,000, whichever is greater So, people making under 50k will get a raise to 50k. The average salary there was already 48,000 a year! 2)It is not equal pay for everyone. They still have more valuable people that already make over 70k. One of the people that left was angry because they felt that their percentage on raise was not as good as the lower paid employees. Everyone got raises. The higher paid, higher skilled employees just didnt get double their income and that made a couple upset. See, the newer people got double their income overnight. 3) Also, this company is in Seattle, which you should also be aware, passed a law to raise the city's minimum wage to $15 per hour. So....everyone from McDonalds to walmart door greeters are gonna be paid at least $15 is Seattle, its the law. Companies have to raise the min. hourly pay significantly in Seattle and have 3yrs to implement this. That means in 3 yrs anyone can make 35-45k working anywhere, any bum on the street can walk into any place and will be making such wages. That is the law and companies have 3yrs to comply, they know that is coming and have to deal with it. If you know lowest full time pay in the city will be 32-40k, you have to do something to try to keep the good employees and keep them happy. RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-03-2015 That will change the nature of employment in Seattle, will be interesting to see how many small restaurants and retailers just leave. http://www.startupnation.com/community/forums/topic/13425/whats-the-average-income-of-a-subway-restaurant-owner Subway Owner Wrote:If you have a store that is merely average you should profit in the ballpark of $80k/yr. So let's say a middle of the road store makes $110K a year, a nice living for the owner. If he has the equivalent of six full time employees making $10/hour, raising it to $15/hour takes $62,400.00 a year out of that guys pocket. (40hr X $5. =$200/ea X 6= $1200/week X 52 weeks =$62,400.00) Now his $110K/year is down to $47,600/year, and it may not be worth his investment risk for that. (also puts the owner very close to the help who will make $30K) RE: Why you don't set the minimum wage to $70K - SteelCrysis - 08-04-2015 He's still making substantially more than his employees. That isn't going to change as the wages scale up. RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-04-2015 (08-04-2015, 12:21 AM)SteelCrysis Wrote: He's still making substantially more than his employees. That isn't going to change as the wages scale up. Yes, it is. The owner's profit is what is left after the employees/other expenses are paid. The owner can only make less as the employees make more, unless he raises prices or cuts some other expense. My example was legit- what owners make from an owner. I've known four sandwich shop owners in my life. These guys aren't getting rich- they're guys working full time plus at the sub shop so they can make a decent living for their families. Why would anyone pay $100-$250K up front and risk it, work more than full time making subs, managing low end employees, doing the books, etc for $45K a year? $45K a year is the average wage after taxes in this country. (and those jobs don't have a quarter mil upfront fee) So while $45K is indeed more than $30K, I doubt anyone is going to invest $150K and slave in a sub shop to get it. They would be better off ivesting the $150K and getting a job. Can just walk away from a job if you don't like it. RE: Why you don't set the minimum wage to $70K - SickBeast - 08-04-2015 I agree with paying people a decent minimum wage but $70K/year is just absurd. I think $15/hour is a good figure and a fair wage for basic jobs with low requirements. You can at least eek out a basic living in most places on that much. If everyone made $70K it would drive up the price of everything to the point that $70K/year would not be enough to get by on for most people. Actually what I think would be great is if you made the minimum wage $15/hour plus allow people to earn $20-30K tax free each year. RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-04-2015 (08-04-2015, 06:41 AM)SickBeast Wrote: I agree with paying people a decent minimum wage but $70K/year is just absurd. I think $15/hour is a good figure and a fair wage for basic jobs with low requirements. You can at least eek out a basic living in most places on that much. If everyone made $70K it would drive up the price of everything to the point that $70K/year would not be enough to get by on for most people. No way, you think?! Of course it would because a. the money has to come from somewhere and higher costs of good would be where b. even vendors paying wages nowhere near the $70K get that there is more money flowing and jack up their prices The dumbasses who think "The jig is up! Those rich guys have to pay out of their deep pockets and now we will all prosper!" need to Google "cost push" and "demand pull" inflation. It's also way past crazy thinking that people who have been making $70K to do skilled work won't expect to make a lot more than that if the cafeteria workers start making that to hand out jello. RE: Why you don't set the minimum wage to $70K - SteelCrysis - 08-04-2015 (08-04-2015, 07:39 AM)RolloTheGreat Wrote: No way, you think?!Actually, boosting the minimum wage wouldn't increase prices at all. Money isn't magically created and driving inflation when the employees get more money, since that money that used to go to the owner is just going to the employees instead. RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-04-2015 (08-04-2015, 07:55 AM)SteelCrysis Wrote: Actually, boosting the minimum wage wouldn't increase prices at all. Money isn't magically created and driving inflation when the employees get more money, since that money that used to go to the owner is just going to the employees instead. SC, would I be correct in guessing you don't own a business or act as a financial officer for one? Imagine if you were a sub shop owner and making $100K a year off your sub shop, paying five people $10/hour. Well and good, a family can live on $100K a year so you buy a decent house, a nice car, and start taking nice vacations. Then the minimum wage changes and goes up to $15/hour, and additional $200/week per employee. That's $52,000 a year knocking your gross down to $48K. Still more than the $30K the sandwich assemblers make, but (pay attention here) no family on Earth used to living on $100K a year would go back to $48K without doing whatever is humanly possible to avoid it. No way no how not happening. Whatever you make you spend, and it's REALLY easy to spend $100K these days. Going back to $48K would be like getting bombed back to the stone ages for that family. They would lose their home, their cars, their lifestyle. Christmas for that guy's kids gets radically different, helping kids with college now out of the question. Hope they like making Rollo's ham and cheese for lunch. So a bunch of things that add up to that $52K a year happen at the sub shop. One less slice of ham per sandwich, or a cheaper brand of ham. Less staff on site doing the same work. Maybe one guy gets laid off, rest have to pick up his work. Maybe what benefits exist get cut. Instead of high deductible health care none is offered, owner pays the ACA tax instead. 401K match gets cut. Sick/vacation time cut. Sandwiches price goes up a little. Christmas party cancelled. As a person who apparently believes he can make the rich pay, hear this and think about it: The rich/owners are the LAST people to pay, because they get paid first and they decide what expenses are. Think I'm lying? Are wages stagnant or declining? Are jobs being exported to wherever labor is cheapest? Are companies known for paying taxes or avoiding them? Who's paying for Obamacare? Rich guys? Or is it raised costs to all of us, coverage people don't need forced into their policies, and forcing the young who don't really need health insurance to buy it because they'll use it less? Starting to get it? The only guy who doesn't pay is the guy who has a choice in the matter. RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-04-2015 (08-04-2015, 10:03 AM)gstanford Wrote: Yes, wages are stagnant and declining. I showed you this in a link a while back (in the console thread as part of the car debate iirc). and yes jobs are going to wherever the labor to perform those jobs is cheapest. Do you see this as evidence of business owners wanting to keep all the money they can? If you do, what I said about them making cuts anywhere they can to make up for the higher minimum wage probably makes sense to you. Layoffs are the most likely big cut. It's easy math- two $15/hour people instead of three $10/hour people. Here in the States we saw it all over during the post 9/11 recession. Profits down, companies cut staff to maintain profit for owners/stockholders, remaining staff pick up slack and work much harder. And we saw lot of places cut benefits, not give out annual raises. You can make the sub shop guy pay $15/hour by law, but most of it won't come out of his pocket, guaranteed. RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-04-2015 (08-04-2015, 10:21 AM)gstanford Wrote: If employers want to clearly demonstrate that they are greedy, self-interested bastards who have no interest in helping the rest of society and only concern themselves with how rich they personally can get, that is fine by me. Ah. Do you realize your graph is like the PR graphs we get from companies to pimp products? Look at how profits and wages both start as 48% o GDP and one rises 4% the other falls 4% over 12 years. 4%. 4% is "skyrocketing"? I've just illustrated how this new minimum wage could easily mean a 50% decline in wages for business owners, there was no "There will be revolution!" for them. On the contrary, the response was more like "It's about time! No one deserves to make much money except people who currently don't!". Take 4% over 12 years from the masses and it's "OMFG!! HEADS will roll! The workers will rise up, put the heads of CEOs on the mailbox as a warning to anyone who wants to earn a decent living! They must pay for their sins!". Double standard much? For a guy that makes $50K a year, that 4% means a $2K cut pre tax. Maybe enough money to get cable tv after tax. For the business owner who used to make $100K, losing $52K would mean losing his house and car, because I guarantee you don't live in the same house, drive same car at $100K as you do at $48K. "No big deal! No problem! About time those bastards had to live like the middle class!" Right? ![]() The ONLY people who think this makes any sense are those who want to be latter day Robin Hoods and steal from the rich, give to the poor. RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-04-2015 (08-04-2015, 05:06 PM)gstanford Wrote: The gap between profits and wages should be very close like on the far left of the graph, not extremely wide as it is on the right of the graph. LOL! That is for sure. Not only does neither line ever cross 53% (so no 53.5%) but someone doesn't recognize both start at 48.X% and one goes up about 4% this year from that (profits to 52.5%) while the other drops to 44%. (wages) Like I said an approximately 4% drop for one and rise for the other. Remind me to stop by your store to by some parts if I ever visit Australia. "These nickels are WAY bigger than these dimes GStan! I'm doing you a FAVOR buddy!" RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-04-2015 (08-04-2015, 05:40 PM)gstanford Wrote: 53.5 was typo, should have been 52.5. Everything else is accurate though. The gap between the two at the far right of the graph is 8.5%, not 4% Yes it is now 8.5% difference-because one went up 4%, one went down 4%. The change to neither was 8.5%. Let's say you and I invent something and it sells for $200, which we each get half of, $100 each. If I sue you and my portion goes from $100>>>$104, and yours goes from $100>>>>$96, I've gained 4%, you've lost 4%. Our positions are only changed by 4%, not 8%. With the $15 minimum wage, I showed with valid information how that could easily mean a 52% cut in pay for sandwich shop owners, you didn't care at all. "Fuck them, I don't make $100K, they shouldn't either" was your attitude, but "OMFG! The middle class has lost 4% over 12 years!" is the end of the world. This is why: A. You don't know math B. You are an evil hypocrite. If some slobs that make $10K a year wanted to take half your income through a new law you would scream bloody murder. It's A-OK if it is someone who made better financial choices than you gets screwed and robbed from, as long as it's not you. RE: Why you don't set the minimum wage to $70K - SickBeast - 08-05-2015 I think something needs to be done about the absurd CEO salaries. That is as big a problem as how low the minimum wage is. RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-05-2015 (08-05-2015, 01:26 AM)SickBeast Wrote: I think something needs to be done about the absurd CEO salaries. That is as big a problem as how low the minimum wage is. Always amazes me how people who aren't successful sit around and whine about how "We need to do something about those darn successful people!". Only some of them though. Actors, musicians, athletes, authors, and even some YouTube Dumbasses make equally huge salaries and you never hear a peep about this. CEOs that are actually working stiffs like the rest of us get all the hate, I guess because they did the working stiff thing better than us. RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-05-2015 (08-05-2015, 07:36 AM)gstanford Wrote: I don't believe I have ever singled out particular groups. I've always simply referred to "rich people".... I try to look at these matters as "what kind of world do I leave for my son?" Do I want Louie the janitor to make $70K at the expense of my son being able to make over $100K at a skilled trade? No. Do I want Louie to starve? No, but I think the $25-$30K janitors make is pretty much in line with their skill set, and I take comfort that if my son can't find skilled work he can earn $25-$30K and eat, stay indoors while he tries to advance himself. Do I want guys like Apoppin to be able to say "I think I want to be a web reviewer, that factory work blows goats! Some guys like Rollo's son will have to buy me health insurance now!" No. Basically I want everyone to pay their own way, and have equal opportunity to compete. RE: Why you don't set the minimum wage to $70K - BoFox - 08-06-2015 (08-04-2015, 05:44 PM)gstanford Wrote: Here is yet another graph of profits vs wages over a larger timescale - 1970 thru 2012 Wow, awesome graph. Wages on a constant decline while the lazy armchair stockholders lash their proverbial whips on the poor workers, reaping the cream of the crop... If this keeps on, brace ourselves for the next great depression, as the $$ has to come from somewhere - the wages! Look at how well off the economy was during the turn of the millennium when the wages had the biggest relative surge in all of the graph above. Most people were happy and buying homes, etc.. Wages were back above corporate profits before the 9/11 terrorism. Largely happy and successful, positive economy times. What was wrong with that period? Bill Clinton might have initiated the housing bubble, but it was a longest period of time when wages went up, for more than 6 years straight. Happy times. It didn't hurt the business owners. Federal minimum wage went up from $5/hour to $7/hour during the late 90's, which didn't go up again for more than a decade later. Corporate profits might have suffered a bit, but so what. The economy still prospered overall. It was a healthy economy. RE: Why you don't set the minimum wage to $70K - BoFox - 08-06-2015 (08-02-2015, 02:39 AM)RolloTheGreat Wrote: If so, how do your attorneys and accountants like making the same money as your mail room people and janitors? Are they "good team players" and saying, "Seems fair to me I had to spend years of my life and $100,000 on my college degree and Bubba makes the same money as I do. Bubba needs money too, and we're all on the same team!"Traditional American capitalist approach: Sam: "I spent $10 million on purchasing vast land prime for cotton crops, and borrowed another $5 million for building a massive plantation along with shelters for the "workers" that are to be fed, clothed, and supervised by the few hired workers paid 2x the minimum wage. So I deserve the merciful fruits of labor, especially considering the risk of investment.. and all the silverware, ivory tusks, cruises around the world on the Titanic, safari trips in Africa, etc.. All other stupid workers should never be given education or any opportunity to lessen my financial gains for my own children, grandchildren, and their grandchildren. Hence, college education should never be free or paid by our taxes - only those already in power should be able to sustain the grip on power through their own heritage." That's America, after all. Returning the Jews to their newly formed nation, but not even bothering with giving the original lands back to the Native Americans. Freedom and Equality for All, all an illusion that only the richest able to afford the best lawyers could hope of fighting for in legal terms (or risk getting thown in jail or assassinated like MLK Jr.). Just look at the Walton family (the "Walmart" family). How do you think the oil business guys ever got up there in the first place, in terms of multi-millionaire corporate status? Family. A few crazy, rare workaholics (like Oprah) might be able to climb the corporate ladder outside of "familial heritage", but it still seems like heritage still runs strong in America's veins - actually superseding the "land of opportunity" romanticism that we all would love to believe in. College loans do not do justice to most low-income students - those who are able to qualify for loans with good standings only put further burden on the government as most of them are now unable to pay off the loans as tuition costs became even more outrageous these days (along with the wages going down and down...). Way to go, American "capitalists", hard at work on bankrupting the government.. when they could just pay the tax themselves for free college education for all, so that America prospers as a whole in the future. RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-06-2015 (08-06-2015, 01:35 AM)BoFox Wrote: A few crazy, rare workaholics (like Oprah) might be able to climb the corporate ladder outside of "familial heritage", but it still seems like heritage still runs strong in America's veins - actually superseding the "land of opportunity" romanticism that we all would love to believe in. I hate to burst your bubble, but while it is hard to get "rich" America is still the land of opportunity. My dad- worked his way through college, ended up not rich, but running companies and later being partners in a few companies. My mom- gets divorced, picks up a bachelors and two masters, gets good job. My wife- works way through college, manages an accounting department. Me- work my way through college, team lead at software company Pretty much everyone I know who makes over $100K- started out middle class or lower. A person can get a good lifestyle going in America still, especially if they team up with another working professional. RE: Why you don't set the minimum wage to $70K - BoFox - 08-06-2015 (08-06-2015, 05:04 AM)RolloTheGreat Wrote: A person can get a good lifestyle going in America still, especially if they team up with another working professional. "Still...", you say, like as if no longer someday soon? Ha j/k. True, dat. What I propose (very very rough draft - my ideas might evolve or change): 1) Give the National Forests back to the Native Americans (under conditions that the forests are maintained and well-cared for). 2) Offer free college education nationwide in every public university/college, for long-standing citizens (of more than 18 years). Those who have not been a citizen for more than 18 years (immigrants) have to pay for their own college tuition. 3) Raise the minimum wage for long-standing citizens to $20/hour. Minimum wage does not rise for immigrants - it would be left up to companies' discretion. 4) Recent immigrants, even with a green card, or those who have recently become citizens, will have to find other means of borrowing money for college tuition, rather than directly from the government. That way, Obama's relaxed immigration laws that encourage more immigrants to over-populate the states can do all the dirty work for us, like flipping burgers, etc. if they still want to escape their own countries. And the long-standing citizens will have less of an excuse for not getting well-educated and working a more skilled job. The government would no longer be burdened with hundreds of billions of dollars of unpaid college loans, and the long-standing citizens won't be burdened with paying outrageous loan debts. We owe it to the African Americans who built the nation from the ground up with their bare hands and the sweat on their brows - the tax dollars should encourage them to live the American dream for once. They didn't wish to be brought over here, and we aren't creating an Isreal for our own African-Americans like we did for the European Jews. Let it be that low-income (less than $60K income) African-Americans (who can prove their American heritage to pre-MLK Jr. days) don't even have to pay for taxes at all, as our public apology for centuries of slavery........ the same goes for Native Americans. It is in my opinion that America is already heavily populated enough, with a still-healthy ratio of births to deaths. Sure, the immigrants can keep on pouring in, but we shouldn't encourage it as much as Obama is now. Especially not if we can't even make it right for the Native Americans. The immigrants should be building upon their own countries rather than escaping to America and further burdening the government. They will have to pay the taxes as well, after just making it harder for the long-standing citizens by directly competing against them in public universities and colleges, and at workplaces. It seems fair to me (give-and-take condition). RE: Why you don't set the minimum wage to $70K - RolloTheGreat - 08-06-2015 (08-05-2015, 05:55 PM)gstanford Wrote:Quote:I try to look at these matters as "what kind of world do I leave for my son?" Funny, I was thinking the same about you. Here's the difference between us: You call me greedy because I think people should be able keep the money they earned and not have the government force charity or a wage structure on them. Laissez faire capitalism. If some dumbass wants to paint frogs on smooth rocks and sell them on Ebay as "Mr. Croaker" for a living, he entitled to the wages that job provides. The guy that studies electrical engineering is entitled to what the market will pay for that skill. I call you greedy because you think the guy that decides of his own free will to pursue an asinine, probably low dollar profession like selling painted rocks is owed money by the engineer guy- [I]simply because the engineer guy put in the work to learn something society pays well for. My way- everyone gets exactly what they earn, except the young, old, disabled. Your way- the people who pick jobs that don't pay much use the government to steal from anyone who has more money than them. |