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Minimum wage rises

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Guess minimum wage rises .70 on Tuesday....and they are complaining it isn't enough.....don't these people have enough sense to realize that raising minimum wage only raises inflation?

a quote from the article: "Saying that, it's clear going up to $5.85 is not enough to really make sure that people really can afford the things that all families need,"

I agree, but working in the minimum wage job is what's causing it..not the pay for the job:read:

http://articles.moneycentral.msn.com/News/MinimumWageSetToRise.aspx?vv=450

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But inflation also rises when the minimum wage doesn't. In PA, where the state minimum wage is about the national level, you only earn about $200 per week working full time, one job. Is that really enough to keep up with the current cost of living?

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Obviously minimum wage isn't the only thing that sets inflation. However, a lower minimum wage won't raise inflation. The dollar becomes less when the lower bracket can afford more, basic rules of supply and demand. Reaching a standard of living off of minimum wage is a carrot at the end of a stick, we will never reach it. Want the miminum wage workers to reach a better standard of living? They need to get a better paying job.

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what th fuck are youse three goin on about? :laugh:

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A lot of people complain about inflation, but these people don't realize that a little inflation is better than any amount of deflation!

Indeed!

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EdelBrock wrote: Guess minimum wage rises .70 on Tuesday....and they are complaining it isn't enough.....don't these people have enough sense to realize that raising minimum wage only raises inflation?

a quote from the article: "Saying that, it's clear going up to $5.85 is not enough to really make sure that people really can afford the things that all families need,"

I agree, but working in the minimum wage job is what's causing it..not the pay for the job:read:

http://articles.moneycentral.msn.com/News/MinimumWageSetToRise.aspx?vv=450

Problem with that is, people HAVE to work minimum wage jobs, or your society will fall apart. So it seems kinda fair that they're allowed to eat and sleep under a roof.

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I work minimum wage....I think I should be paid more!! lol

(and the bad thing is I only started on Saturday....I turn 22 on Friday (the age when minimum wage goes up to £5.35) and I bet McDonalds have paid me the lower minimum wage (£4something an hour) for the few shifts I have before then...gits!)

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Holy shit,our minimum wage is TWICE the US's. Wow! I think we see how the world's waelthiest nation holds that position.

And yanks are always saying "terrorist are just jealous of our freedom and our wealth".......erm doubtful, you seem to have very little of either.

Never understood why a manager, who does nothing at all whatsoever earns 50 times what someone who cares for said managers dying old mum earns.

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Doctor? wrote: Holy shit,our minimum wage is TWICE the US's. Wow! I think we see how the world's waelthiest nation holds that position.

And yanks are always saying "terrorist are just jealous of our freedom and our wealth".......erm doubtful, you seem to have very little of either.

Never understood why a manager, who does nothing at all whatsoever earns 50 times what someone who cares for said managers dying old mum earns.

:clap: :clap: :clap: My thoughts exact!! Thank you Cambo, SIR!! :clap: :clap: :clap:

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Doctor? wrote:

EdelBrock wrote: Guess minimum wage rises .70 on Tuesday....and they are complaining it isn't enough.....don't these people have enough sense to realize that raising minimum wage only raises inflation?

a quote from the article: "Saying that, it's clear going up to $5.85 is not enough to really make sure that people really can afford the things that all families need,"

I agree, but working in the minimum wage job is what's causing it..not the pay for the job:read:

http://articles.moneycentral.msn.com/News/MinimumWageSetToRise.aspx?vv=450

Problem with that is, people HAVE to work minimum wage jobs, or your society will fall apart. So it seems kinda fair that they're allowed to eat and sleep under a roof.

I agree with this. With $5.85/hr, working a full time job, you won't afford a roof over your head in this country, unless you're living in your parents' basement. And, if you live in your parents' basement in Philadelphia, you'll be dealing with a foot of water on your floor every time it rains. Heck, I earn $12/hr at my job, plus extra doing freelance work, and I can barely afford my one-bedroom apartment and food.

If living expenses go up, so should minimum wage. Minimum wage should equal the minimum living standard, which should not include homelessness or depending permanently on public housing.

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exactly, wages can push inflation but cost of living can pull it too (or is that the other way around, tis been a long time since I studied ecconomics).

Personally, I'd say that since 90% of the wages are earned by the richest 10% that those cunts voting themselves a 100% rise every 6 months MIGHT JUST have more of an effect on inflation.

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what's next? accusing the illegal immigrants of stealing the higher paying jobs? Min. wage should match inflation and be updated every year. New york is a little bit ahead, the min. wage is $7.15.

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J wrote: what's next? accusing the illegal immigrants of stealing the higher paying jobs? Min. wage should match inflation and be updated every year. New york is a little bit ahead, the min. wage is $7.15.

Would the cost of living not also be higher in NYC though?

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I don't earn the minimum wage.

But I get it anyway. :evil4:

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This blue-eyed boy that wants to be wrote: But inflation also rises when the minimum wage doesn't. In PA, where the state minimum wage is about the national level, you only earn about $200 per week working full time, one job. Is that really enough to keep up with the current cost of living?

How true! Fuck, I started to think of leaving this country, it's exactly right: you work one job and you cannot even exist. My own salary covers only bills. Food, gas, etc. is covered by my significant other's little money. Marriage is the only solution here, it's more of a financial pact than anything else. I barely can buy anything and there's nothing promising visible on the horizon.

Why is it here? I'm sick of people who say they work 2-3 jobs and they're still POOR! FTW. I want to work one job that pays just enough to exist and live also.

And if you fall ill, you wish you'd be dead instead, since without medical insurance it's impossible to cover even some ridiculously petty clinical work. knock on the wode. :angry: :angry: :angry: :angry:

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Come now, I'm not saying that people should be kept down and that our drive and increase in min wage jobs is great (thanks WalMart)....

Granted the Min Wage in CA is $8, but the cost of living is expensive. The higher the min wage, the higher the cost of living, want the cost of living to stay down, then keep min wage down.

Simple supply and demand rules, prices increase/decrease to create a balance of most profit/least waste....min wage only is a band-aid for those to think that they are making more, when in reality they are not.

Don't like min wage, then get education and/or change professions. Personal choices aren't decided upon by those 10% super rich......

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Doctor? wrote: Holy shit,our minimum wage is TWICE the US's. Wow! I think we see how the world's waelthiest nation holds that position.

And yanks are always saying "terrorist are just jealous of our freedom and our wealth".......erm doubtful, you seem to have very little of either.

:laugh:

But then, the cost of your goods are way to high. I know a number of friends of mine who went to UK and went home bringing home almost nothing. "The prices there are way too high. Its very much cheaper here" they said.

I assume there is a regional minimum wage there just like here. The minimum wage here is higher than the rural areas. But then our minimum wage here would just probably buy you there a pack of cigarette or two. When here, our daily minimun wage would buy you a rim of cigarettes. Of course, it depends on the brand, but I'm just showing the relationship of the wage vs. the cost of living/goods.

Of course, it's the taxes' fault. The higher the standard of living, the higher the taxes, and this is not just the amount but percentage wise. I remember talking to a Norwegian man married to a Filipina wife a few months ago. They have a business in Oslo, Norway, which happens to be the most expensive city as of today. he told me that the people are complaining about their taxes, which is one of the highest in the world. They have this crazy government project of heaters under the sidewalk so that the sidewalks will be free from snow on the winter months! He also told me that they only have 5 employees. They don't want a big workforce because it would mean more salaries for employees, and the wages there are way high. He also mentioned that their employees are all Norwegian.

So blame this taxes for your high cost of goods. Then these taxes are used for the operations in Iraq, which cost gazillions of dollars a day!

Indeed!

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EdelBrock wrote: Come now, I'm not saying that people should be kept down and that our drive and increase in min wage jobs is great (thanks WalMart)....

Granted the Min Wage in CA is $8, but the cost of living is expensive. The higher the min wage, the higher the cost of living, want the cost of living to stay down, then keep min wage down.

Simple supply and demand rules, prices increase/decrease to create a balance of most profit/least waste....min wage only is a band-aid for those to think that they are making more, when in reality they are not.

Don't like min wage, then get education and/or change professions. Personal choices aren't decided upon by those 10% super rich......

Minimum wage workers are not going to pull the equilibrium price on HiFi's and computers up by 40dollars though are they? They'll push the cost of beans up 1cent. Your ecconomic concepts are correct, but incorrectly applied. And if everyone had a college degree, who would flip your burgers, collect your trash or tend your aging mother?

Your putting the most blame on the people with the least responsibiity, and asking those with least to accept less.

Question, what's the hourly rate in the USMC (wasn't aware you needed to be a PHD to join that (or literate for that matter), when did it last rise and from what amount?

If we were talking about a yearly rise of 50%, then yes, it would drive inflation, but 12% or so, and how often? hardly Germany circa 1920 is it? We're talking here about an extra what? 20 bucks a week to joe average, I think we can safely say it won't price newlyweds out of the housing market.

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Sub-Cultured wrote:

Doctor? wrote: Holy shit,our minimum wage is TWICE the US's. Wow! I think we see how the world's waelthiest nation holds that position.

And yanks are always saying "terrorist are just jealous of our freedom and our wealth".......erm doubtful, you seem to have very little of either.

:laugh:

But then, the cost of your goods are way to high. I know a number of friends of mine who went to UK and went home bringing home almost nothing. "The prices there are way too high. Its very much cheaper here" they said.

That's cos of a little something known as an 'Exchange Rate'. Your currency is basically worth exactly half of ours.

You come to our country and complain about prices. We go to your country and simply cannot believe just how cheap everything is!

:nod:

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Hey Jarvo! I'm from the Philippines, not from the United States. Have you ever heard of our country??:laugh:

Our currency (the Philippine Peso) is almost 1% of the British Pound, or 1:92. And if you find US goods cheap, you won't believe how a bargain the goods are here.:)

But that is not the point why i posted that thread. Its about minimum wage vs. standard of living/cost of goods.

Indeed!

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Sub-Cultured wrote: Hey Jarvo! I'm from the Philippines, not from the United States. Have you ever heard of our country??:laugh:

Our currency (the Philippine Peso) is almost 1% of the British Pound, or 1:92. And if you find US goods cheap, you won't believe how a bargain the goods are here.:)

But that is not the point why i posted that thread. Its about minimum wage vs. standard of living.

Indeed!

And I thought with your avatar you was actually from West Lahndon! :lol:

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Sub-Cultured wrote: Hey Jarvo! I'm from the Philippines, not from the United States. Have you ever heard of our country??:laugh:

Our currency (the Philippine Peso) is almost 1% of the British Pound, or 1:92. And if you find US goods cheap, you won't believe how a bargain the goods are here.:)

But that is not the point why i posted that thread. Its about minimum wage vs. standard of living/cost of goods.

Indeed!

Yup, a carton of cigarettes (i.e. 200) cost about 2 quid when I was last in the Philippines... Needless to say I took back more than that back to the UK! :evil4: :smoking:

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Doctor? wrote:

Minimum wage workers are not going to pull the equilibrium price on HiFi's and computers up by 40dollars though are they? They'll push the cost of beans up 1cent. Your ecconomic concepts are correct, but incorrectly applied. And if everyone had a college degree, who would flip your burgers, collect your trash or tend your aging mother?

Your putting the most blame on the people with the least responsibiity, and asking those with least to accept less.

Question, what's the hourly rate in the USMC (wasn't aware you needed to be a PHD to join that (or literate for that matter), when did it last rise and from what amount?

If we were talking about a yearly rise of 50%, then yes, it would drive inflation, but 12% or so, and how often? hardly Germany circa 1920 is it? We're talking here about an extra what? 20 bucks a week to joe average, I think we can safely say it won't price newlyweds out of the housing market.

If you're looking at the individual and that individual's impact on the market, then I agree...but there is so much more at play here. Higher min wage, means a company has to pay more to its employees. The raise doesn't stop at the min wage workers though. People that have been working for longer periods and higher jobs will want a similar seperaton in pay, like before the raise. So a wage hike will follow for those above min wage. So what is $20 for one individual is billions of dollars throughout the market. They don't want to cut into their revenue, so the costs for the min wage raise have to come from somewhere...your pocket of course from the price of goods/services. Granted there will be a short term ability for people to have purchasing power with the raise's new money, but this is short lived, as prices increase to stabalize the market. This lowering in purchasing power of the dollar (or pound) leads to a lower exchange rates...destroying the countries currency.

So why introduce such a raise? Because the economy is so relient on people's perception of the market. With an added raise, it will cause a surge in sales/profits. This surge will give good monthly reveiws for many companies, and it will give people a perception that that company is doing well. This warm and fuzzy feeling causes them to purchase stocks and the market has increased (or subsided a deflation). The dollar is worth less, but the stock market remains stable.

Not following your question on the military though...and explaining the pay/salary of the military is a bit long winded, as I think you're asking for an easy sum.

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Ok, I see yer reasoning now, not sure I totally agree with it but it's sound ecconomics. Still the question remains if this is wages pushing the cost of living or the cost of living pulling wages, by which I mean, how long is it since the Minimum wage was increased, might it not be that this current increase merely returns it to it's correct "real worth"? Certainly that is the case with the rise in the UK, just nudging wages back in line with the RPI.

I was asking about the military for two main reasons, firstly that I keep hearing what a shitty financial deal it is, and also because, no personal offense whatsoever intended, they DO let some real fuckwitts in.

And the fact remains that we NEED the lowest paid jobs, there's no getting around it, in a world where everyone had a PHD, PHD's would be emptying the bins, and the binmen would therefor command PHD salary. Of course, scrub 5 billion off the population and let technology take over the crummy gigs and it might all work out.

And while I do appreciate those who work hard and are highly educated commanding high wages, for every person deserving of it, there are 20 (usually with the word "manager" in their job title) who do fuck all, and did fuck all to get to the position of doing fuck all (unlike, say, a medical consultant, who deserves a few rounds of golf by the time they get where they are), other than brown nosing and manipulating. A scart stat I read once said that in a five year period the number of nursing staff in the UK's NHS had decreased 25%, and that the number of managers had increased 400%, that nurses wages had risen 2%, and managers 20%, and that managers earned 2-10 times as much as nurses.... :banghead:

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Chap posted this on another forum I darken with my prsence. I have left his sig on it for authenticity.....

The Corporate Boat Race

An American automobile company and a Japanese auto company decided to have a competitive boat race on the Detroit River. Both teams practiced hard and long to reach their peak performance. On the big day, they were as ready as they could be. The Japanese team won by a mile.

Afterwards, the American team became discouraged by the loss and their morale sagged. Corporate management decided that the reason for the crushing defeat had to be found. A Continuous Measurable Improvement Team of "Executives" was set up to investigate the problem and to recommend appropriate corrective action. Their conclusion: The problem was that the Japanese team had 8 people rowing and 1 person steering, whereas the American team had 1 person rowing and 8 people steering.

The American Corporate Steering Committee immediately hired a consulting firm to do a study on the management structure. After some time and billions of dollars, the consulting firm concluded that "too many people were steering and not enough rowing." To prevent losing to the Japanese again next year, the management structure was changed to "4 Steering Managers, 3 Area Steering Managers, and 1 Staff Steering Manager" and a new performance system for the person rowing the boat to give more incentive to work harder and become a six sigma performer. "We must give him empowerment and enrichment." That ought to do it.

The next year the Japanese team won by two miles. The American Corporation laid off the rower for poor performance, sold all of the paddles, cancelled all capital investments for new equipment, halted development of a new canoe, awarded high performance awards to the consulting firm, and distributed the money saved as bonuses to the senior executives.

John ( A manager in the retail industry for 25 years)

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Doctor? wrote: Ok, I see yer reasoning now, not sure I totally agree with it but it's sound ecconomics. Still the question remains if this is wages pushing the cost of living or the cost of living pulling wages, by which I mean, how long is it since the Minimum wage was increased, might it not be that this current increase merely returns it to it's correct "real worth"? Certainly that is the case with the rise in the UK, just nudging wages back in line with the RPI.

I was asking about the military for two main reasons, firstly that I keep hearing what a shitty financial deal it is, and also because, no personal offense whatsoever intended, they DO let some real fuckwitts in.

And the fact remains that we NEED the lowest paid jobs, there's no getting around it, in a world where everyone had a PHD, PHD's would be emptying the bins, and the binmen would therefor command PHD salary. Of course, scrub 5 billion off the population and let technology take over the crummy gigs and it might all work out.

And while I do appreciate those who work hard and are highly educated commanding high wages, for every person deserving of it, there are 20 (usually with the word "manager" in their job title) who do fuck all, and did fuck all to get to the position of doing fuck all (unlike, say, a medical consultant, who deserves a few rounds of golf by the time they get where they are), other than brown nosing and manipulating. A scart stat I read once said that in a five year period the number of nursing staff in the UK's NHS had decreased 25%, and that the number of managers had increased 400%, that nurses wages had risen 2%, and managers 20%, and that managers earned 2-10 times as much as nurses.... :banghead:

You have a point on the question regarding which is causing the pull. I hope its to stabalize wages with cost of living, but even if so, I imagine there will be a backlash of higher living costs...

On the military, well it depends on the country. I've worked with some other countries that get fuck all for being in the military (Laos comes to mind, $150 USD a month, though their Marines were some of the nicest, bad asses I've ever known). Military pay is controled by the need of a military. A small military requires that they pay enough to keep enough in, but discourage most from staying in. If they need a large military there are alot of financial benefits thrown their way. With the US military, it was poorly paid due to Clinton's cutbacks. To keep less people from reenlisting, the Clinton administration stopped giving pay raises, so as inflation happened there was in essence a pay reduction. Our military was very small. With the outbreak of 9/11 and the aftermath, it caused a bulking up of military, come pay raises and incentives have been thrown around quite a bit. To understand military pay: Salary - base pay that everyone at one rank with time in grade recieve. This is taxable. BAH - Housing allowance for those that don't live in free quarters on base, amount depends on area lived and rank. Non-taxable. Comrats - Food allowance for those not eating for free at the mess hall, fixed price. Non-taxable. Combat, danger, special, and family seperation pay - Pay incentives for special jobs, areas of deployment, or being away from your family. Taxable. Reenlistment bonuses - One time pay bonuses for reenlisting where there is a deficency in the MOS, usually thousands of dollars. Added Benefits - Free medical/dental; no taxes if deployed overseas; base stores have no taxes and have cheaper prices; etc.

Most people talk about the base pay and that doesn't pay much. Since this is mainly the only taxable portion, this is the only amount that is on our W-2 tax forms. These forms are what usually decides peoples eligibility for government programs, like welfare, food stamps, school aide, etc. So there are sometimes military members that are claiming these programs. News articles will write about how many members are on welfare..but this is news not looking at the whole picture. Right now is a good time to be in the military, pay-wise. Going over to Iraq, someone can come back doubling thier normal annual pay. Not to mention the pay bonuses for reenlisting right now, $10,000 tax-free with possibly more depending on the MOS. Plus right now, with the bulking up of the military, promotions have been ALOT faster....equalling of course more money. This is, of course, a vague overview, but hopefully it explains a bit....especially that military pay is run by different mechanisms than civilian pay.

On the idea of degrees loosing worth, well that's already happening. At this point, everyone should do thier best to achieve a degree of some sort.

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