40% Of US Workers Now Earn Less Than 1968 Minimum Wage

Dusty Bake Activate

Fukk your corny debates
Joined
May 1, 2012
Messages
39,078
Reputation
6,012
Daps
132,750
:russ:
Capitalism doesn't need defending, its responsible for the greatest nation on earth and the highest quality of life on the planet :jawalrus:

Just need to get government out of the way :to:


:aicmon:Still haven't heard any counter arguments... just emotional responses, and personal attacks :shaq2:
You don't bring substantive arguments yourself though. You just speak in vacuous, libertarian talking points like "We just need to get the government out of the way."

Since you have all the solutions, why don't you enlighten us on how exactly we should deal with this problem of declining wages and dwindling work opportunities with policy specifics, not empty sloganeering and talking points?
 

Richard Wright

Living Legend
Joined
Jan 16, 2013
Messages
3,402
Reputation
690
Daps
6,384
The 40 percent reflects 2 disturbing things at once to me: high inflation and low hours. Someone in my mom's lifetime was making $1.60 an hour and having the equivalent of 22k today, wages arent too low the cost of living has risen too much. People cant get the hours they need at minimum wage jobs, which further reflects how unreliable they are as a source of income. Service jobs are basically gonna have to be supplemental if people are gonna win with them.

Even at that $10.74 rate people that could only get 20-30 hours are making 12-16k. Theres just not enough work to go around at a point.
 

DEAD7

Veteran
Supporter
Joined
Oct 5, 2012
Messages
50,961
Reputation
4,416
Daps
89,046
Reppin
Fresno, CA.
You cannot be serious :merchant:

:beli: Lets hear what nation is greater? :popcorn:

You don't bring substantive arguments yourself though. You just speak in vacuous, libertarian talking points like "We just need to get the government out of the way."

Since you have all the solutions, why don't you enlighten us on how exactly we should deal with this problem of declining wages and dwindling work opportunities with policy specifics, not empty sloganeering and talking points?

:smugbiden: Fair enough. I try to keep it short, since most responses will just be personal attacks, completely ignoring whats being stated/suggested.



1-audit the fed.(Ask and ill elaborate)

2- begin lending interest-free credit until prices start to rise and dole it out equitably over the population and the productive sector.
This will save 1 or 2 Trillion in interest payments to the banks per year. It will end the liquidity crisis, which is starving the real economy and it will destroy the banks, which are the cause of this crisis.(This one is unlikely to happen admittedly)

3- Switch to a flat consumption tax. Somewhere between 5-15% depending on which party is in office.

4- Remove price controls.(I'll go into detail if need be)

5- get rid of the FDA and the FCC(neither is needed)

6- slowly get rid of affirmative action and entitlement programs at the federal level(blasphemy I know)

7- stop subsidizing goods altogether. Its amazing how many people think oil is a cheap(er) energy source :laff:

8- stop subsidizing poor decision making(goes with #6)

9- End the war on victim-less crime.(seems simple, but gets people real emotional)

10- Reform the patent system.

There's 10 off the top of my head, and ill gladly go into detail on any of them.
 

drewbreez

Rookie
Joined
May 21, 2012
Messages
430
Reputation
-10
Daps
473
:beli: Lets hear what nation is greater? :popcorn:



:smugbiden: Fair enough. I try to keep it short, since most responses will just be personal attacks, completely ignoring whats being stated/suggested.


1-audit the fed.(Ask and ill elaborate)

2- begin lending interest-free credit until prices start to rise and dole it out equitably over the population and the productive sector.
This will save 1 or 2 Trillion in interest payments to the banks per year. It will end the liquidity crisis, which is starving the real economy and it will destroy the banks, which are the cause of this crisis.(This one is unlikely to happen admittedly)

3- Switch to a flat consumption tax. Somewhere between 5-15% depending on which party is in office.

4- Remove price controls.(I'll go into detail if need be)

5- get rid of the FDA and the FCC(neither is needed)

6- slowly get rid of affirmative action and entitlement programs at the federal level(blasphemy I know)

7- stop subsidizing goods altogether. Its amazing how many people think oil is a cheap(er) energy source :laff:

8- stop subsidizing poor decision making(goes with #6)

9- End the war on victim-less crime.(seems simple, but gets people real emotional)

10- Reform the patent system.

There's 10 off the top of my head, and ill gladly go into detail on any of them.

Please elaborate on anything in above quotes that you said requires detail with links and sourced information. Capitalism might be an effective system if it wasn't dictated by cronyism and short-term thinking. It also isn't bulletproof or without potential for reform. For instance, does it make sense that our banks completely run our elected government? Or that prison and healthcare are ruled by private industry (when there are human costs to both)? We need to stop thinking in Either-Or terms and start embracing Both-And thinking. Not being capitalist doesn't mean being socialist and vice versa. Embracing SOME federal protection (of human life for instance) doesn't mean giving up all freedoms.
 

drewbreez

Rookie
Joined
May 21, 2012
Messages
430
Reputation
-10
Daps
473
also, agree with you on "ending the war on victimless crime" but it would help for you to cite examples of countries that have lifted prohibition and seen a correlative boost in economic prospects. your points are not being greeted with personal attacks... but with demand for thorough information to support them.
 

DEAD7

Veteran
Supporter
Joined
Oct 5, 2012
Messages
50,961
Reputation
4,416
Daps
89,046
Reppin
Fresno, CA.
Please elaborate on anything in above quotes that you said requires detail with links and sourced information. Capitalism might be an effective system if it wasn't dictated by cronyism and short-term thinking. It also isn't bulletproof or without potential for reform. For instance, does it make sense that our banks completely run our elected government? Or that prison and healthcare are ruled by private industry (when there are human costs to both)? We need to stop thinking in Either-Or terms and start embracing Both-And thinking. Not being capitalist doesn't mean being socialist and vice versa. Embracing SOME federal protection (of human life for instance) doesn't mean giving up all freedoms.

I agree with the red 100%, and once the purple happens its ceases being capitalism and becomes corporatism, something I too am against.


I dont believe in giving up freedoms to be honest, (you know the whole "give me liberty or give me death" bit) but can accept some losses if the benefit is proven to outweigh the cost. Its important to remember anything the government does, comes at the expense of some one else.


Ill provide links shortly.
 

DEAD7

Veteran
Supporter
Joined
Oct 5, 2012
Messages
50,961
Reputation
4,416
Daps
89,046
Reppin
Fresno, CA.
also, agree with you on "ending the war on victimless crime" but it would help for you to cite examples of countries that have lifted prohibition and seen a correlative boost in economic prospects. your points are not being greeted with personal attacks... but with demand for thorough information to support them.
l'll provide some, but I find that side by side comparisons of nations dont really work the way you would like them to...
There are just too many variables.


Effects of Portuguese
Decriminalization
Since Portugal enacted its decriminalization scheme in 2001, drug usage in many categories has actually decreased when measured
in absolute terms, whereas usage in other categories has increased only slightly or mildly.
None of the parade of horrors that decriminalization opponents in Portugal predicted,
and that decriminalization opponents around
the world typically invoke, has come to pass. In
many cases, precisely the opposite has happened, as usage has declined in many key categories and drug-related social ills have been far
more contained in a decriminalized regime.
The true effects of Portuguese decriminalization can be understood only by comparing
postdecriminalization usage and trends in
Portugal with other EU states, as well as with
non-EU states (such as the United States,
Canada, and Australia) that continue to criminalize drugs even for personal usage. And in
virtually every category of any significance,
Portugal, since decriminalization, has outperformed the vast majority of other states that
continue to adhere to a criminalization regime.

http://object.cato.org/sites/cato.org/files/pubs/pdf/greenwald_whitepaper.pdf


Its a long read, I'll look for a quicker source.

Besides I dont think anyone in here supports the war on drugs...


 
Last edited:

DEAD7

Veteran
Supporter
Joined
Oct 5, 2012
Messages
50,961
Reputation
4,416
Daps
89,046
Reppin
Fresno, CA.
4- Price Controls: price controls keep prices artificially low, demand is increased to the point where supply can not keep up, leading to shortages in the price-controlled product. This is what occurred when California experienced blackouts a few years back. wiki it

1- Audit the Fed: Currently, the GAO(government accountability office) is prohibited from auditing:
1. transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;
2. deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations
3. transactions made under the direction of the Federal Open Market Committee; or
4. a part of a discussion or communication among or between members of the Board of Governors and officers and employees of the Federal Reserve System related to clauses (1)-(3) of this subsection of US Code.

The GAO is also prevented from conducting on-site examinations of banks or bank holding companies without the written consent of the appropriate regulatory agency.

I want this to change. :birdman:

anything specific you were curious about? :ld:
 
Last edited:

DEAD7

Veteran
Supporter
Joined
Oct 5, 2012
Messages
50,961
Reputation
4,416
Daps
89,046
Reppin
Fresno, CA.
Canada; China, Japan, and South Korea off the top of my head.

China is the only nation listed that isnt littered with our military bases and under our thumb so I'll address them...

actually nevermind :patrice: if you think the quality of life is higher in China :heh:, or that the world looks to China for leadership :skip: nothing I say will likely change your mind. :manny:

We will just agree to disagree. :ld:







The fact that some one could actually consider South Korea the greatest nation on the planet makes me smile tho :obama:
 

Marvel

Psalm 149:5-9
Joined
May 19, 2012
Messages
8,804
Reputation
813
Daps
15,171
Reppin
House of Yasharahla
Wages have not adjusted with inflation in a long time for the average American worker while executives makes exponentially more in the last 30+ years. If you were making 40k in 1990, you should be paid almost double for the same job in 2013. The cost of living continues to rise. Two income households is a figment of people's imagination of success. Its a trap. You are spending less time with your spouse and kids, then people wonder why the family unit is deteriorating and their kids are turning into losers.

Since 1968, a few things changed especially white women entering into the workplace at a rapid pace. Remember they were the primary beneficiaries of affirmative action. Before this time, companies paid white men a comfortable enough salary that their women didn't have to work. Once their women entered the job market, it drove down the men's wages and inflation continued to increase over the next few decades making it now a necessity to have two incomes. This eventually effected everybody else as well
 
Last edited:

DEAD7

Veteran
Supporter
Joined
Oct 5, 2012
Messages
50,961
Reputation
4,416
Daps
89,046
Reppin
Fresno, CA.
Wages have not adjusted with inflation in a long time for the average American worker while executives makes exponentially more in the last 30+ years. If you were making 40k in 1990, you should be paid almost double for the same job in 2013. The cost of living continues to rise. Two income households is a figment of people's imagination of success. Its a trap. You are spending less time with your spouse and kids, then people wonder why the family unit is deteriorating and their kids are turning into losers.

Since 1968, a few things changed especially white women entering into the workplace at a rapid pace. Remember they were the primary beneficiaries of affirmative action. Before this time, companies paid white men a comfortable enough salary that their women didn't have to work. Once their women entered the job market, it drove down the men's wages and inflation continued to increase over the next few decades making it now a necessity to have two incomes. This eventually effected everybody else as well
Zero sum thinking eh :patrice:

What some one else makes isnt money out of your pocket. This is a common mistake people make when approaching capitalism.
 

Marvel

Psalm 149:5-9
Joined
May 19, 2012
Messages
8,804
Reputation
813
Daps
15,171
Reppin
House of Yasharahla
Wages have not adjusted with inflation in a long time for the average American worker while executives makes exponentially more in the last 30+ years. If you were making 40k in 1990, you should be paid almost double for the same job in 2013. The cost of living continues to rise. Two income households is a figment of people's imagination of success. Its a trap. You are spending less time with your spouse and kids, then people wonder why the family unit is deteriorating and their kids are turning into losers.

Zero sum thinking eh :patrice:

What some one else makes isnt money out of your pocket. This is a common mistake people make when approaching capitalism.

Unfortunately, in capitalism. More people that have certain skills drives down labor cost. Skills that are more rare pay more. If you discriminate against a large segment of the population that has those skills sets it can justify paying a man in 1950 that works at a factory enough money to have his wife stay at home and raise 2 kids.

On another note, the money that some workers make for a company is exponentially more than what they are being paid. There is enough money to go around its just that executives are being paid multimillion dollar figures and are using company "expenses" to lavish on "business trips" at the expense of their employees.

http://go.bloomberg.com/multimedia/ceo-pay-ratio/
 
Top