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

DEAD7

Veteran
Supporter
Joined
Oct 5, 2012
Messages
50,961
Reputation
4,416
Daps
89,046
Reppin
Fresno, CA.
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/
Just looking at pay ratios assumes a lot. Such as equal skill sets and value to the company.

Pay is determined by supply and demand, not what a worker needs to make. If a job is worth lets say $4 an hour and no more, and you make the min wage $10, what do you think happens to demand for that job?...

You end up giving those with few option less options, and that is never good... ever!
 

DEAD7

Veteran
Supporter
Joined
Oct 5, 2012
Messages
50,961
Reputation
4,416
Daps
89,046
Reppin
Fresno, CA.
Let me ask this, what gives you the idea that you, me, or any other third party would have a better idea of how much or how little some one should make, then those directly involved?

If a board of investors feels a CEO is worth the extravagant pay, upon what ground do or I have to say, no they aren't? :ld:
 

OsO

Souldier
Joined
May 6, 2012
Messages
5,043
Reputation
1,147
Daps
12,084
Reppin
Harlem
Let me ask this, what gives you the idea that you, me, or any other third party would have a better idea of how much or how little some one should make, then those directly involved?

If a board of investors feels a CEO is worth the extravagant pay, upon what ground do or I have to say, no they aren't? :ld:


:snoop:
 

Type Username Here

Not a new member
Joined
Apr 30, 2012
Messages
16,368
Reputation
2,385
Daps
32,643
Reppin
humans
If a board of investors feels a CEO is worth the extravagant pay, upon what ground do or I have to say, no they aren't? :ld:


The problem is that it isn't measured against anything tangible. Plenty of CEOs received massive raises, bonuses or golden parachutes as they drove their companies into the ground. It's a ponzi scheme fancied up.

Now, I wouldn't have a problem with it if it didn't have an adverse effect on labor, wages and cost of living. Those things have a direct impact on society as whole. It's obscene for a company to give someone $50 Million or whatever the amount because he managed to replace all his full time employees with part time employees to get around providing benefits and a living wage. Now other companies have to reduce their labor costs to compete. Everyone gets fukked but the people at the top.

Eventually though, people will become tired of this. It's just a matter of time. When the time comes though, people aren't going to have mercy on the poor such as yourself who protected these criminals. You'll be lumped right in. Go read some history to see the examples.
 

Crakface

...
Joined
May 4, 2012
Messages
18,500
Reputation
1,530
Daps
25,708
Reppin
L.A
Did you know if you earn 50k per year you are in the top 1 million black people in america.
 

NZA

LOL
Joined
May 3, 2012
Messages
22,156
Reputation
4,275
Daps
56,969
Reppin
Run Thru U Like Skattebo
Just looking at pay ratios assumes a lot. Such as equal skill sets and value to the company.

Pay is determined by supply and demand, not what a worker needs to make. If a job is worth lets say $4 an hour and no more, and you make the min wage $10, what do you think happens to demand for that job?...

You end up giving those with few option less options, and that is never good... ever!
pay is determined by many factors, one of the biggest being who controls the purse strings. there is no market benefit or preference for a failing CEO to get huge bonuses and pay raises, but it happens all the time. it actually works against the market.
 

Dusty Bake Activate

Fukk your corny debates
Joined
May 1, 2012
Messages
39,078
Reputation
6,012
Daps
132,750
: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.
Those are standard libertarian positions most of which I think are nuts (getting rid of the FDA??? :snoop:) and/or far from this almost panacea-like "unchaining of the free market" free marketeer types have saying would happen, and I've debated against for years here.

But thanks for laying out your views beyond surface-level talking points though.
 

Wild self

The Black Man will prosper!
Supporter
Joined
Jun 20, 2012
Messages
82,290
Reputation
11,956
Daps
222,924
Getting a job in america is fastly becoming one of the most difficult things to do...

Having a career in America is becoming damn near impossible...

I have no idea how college students graduating and say a decade, are going to find work.

People don't understand that shyt. baby boomers need to retire ASAP.
 

Crakface

...
Joined
May 4, 2012
Messages
18,500
Reputation
1,530
Daps
25,708
Reppin
L.A
Small businesses, as in starting them is the way to go. Working for large corporations, all of which are slashing staff and doing more with less while outsourcing jobs overseas to more qualified candidates that will work for less means the burden of advancement in America falls on people starting businesses. Sad because everyone wants a job.
 

DEAD7

Veteran
Supporter
Joined
Oct 5, 2012
Messages
50,961
Reputation
4,416
Daps
89,046
Reppin
Fresno, CA.
The problem is that it isn't measured against anything tangible. Plenty of CEOs received massive raises, bonuses or golden parachutes as they drove their companies into the ground. It's a ponzi scheme fancied up.

Now, I wouldn't have a problem with it if it didn't have an adverse effect on labor, wages and cost of living. Those things have a direct impact on society as whole. It's obscene for a company to give someone $50 Million or whatever the amount because he managed to replace all his full time employees with part time employees to get around providing benefits and a living wage. Now other companies have to reduce their labor costs to compete. Everyone gets fukked but the people at the top.

Eventually though, people will become tired of this. It's just a matter of time. When the time comes though, people aren't going to have mercy on the poor such as yourself who protected these criminals. You'll be lumped right in. Go read some history to see the examples.

pay is determined by many factors, one of the biggest being who controls the purse strings. there is no market benefit or preference for a failing CEO to get huge bonuses and pay raises, but it happens all the time. it actually works against the market.

It doesn't. Its a common belief that it does, but it doesn't.

Interference with simple supply and demand causes prices to rise.

If what you were saying was remotely true, we could expect to see the poorest people in countries with the richest, since the rich are getting rich at the expense of the poor... instead what we see is the super rich in countries where the standard of living for everyone is higher than those in countries without the super rich...

The evidence just doesn't support your claim.

... and what one man voluntarily chooses to pay another man for his services is all of our business? and should be controlled by society? straight socialism is what you are asking for? have you looked at the history of socialism(and systems resembling it)?



Those are standard libertarian positions most of which I think are nuts (getting rid of the FDA??? :snoop:) and/or far from this almost panacea-like "unchaining of the free market" free marketeer types have saying would happen, and I've debated against for years here.

But thanks for laying out your views beyond surface-level talking points though.
You don't need a FDA...

actually take that back, the "benefit" of the FDA isn't worth the cost.

Emotional arguments keep it around tho... :dead:
 

DEAD7

Veteran
Supporter
Joined
Oct 5, 2012
Messages
50,961
Reputation
4,416
Daps
89,046
Reppin
Fresno, CA.
"Getting a job in america is fastly becoming one of the most difficult things to do..."

Some people think raising the minimum wage will help create jobs :deadrose:
 

Marvel

Psalm 149:5-9
Joined
May 19, 2012
Messages
8,804
Reputation
813
Daps
15,171
Reppin
House of Yasharahla
"Getting a job in america is fastly becoming one of the most difficult things to do..."

Some people think raising the minimum wage will help create jobs :deadrose:

:heh: Anybody worried about minimum wage already is a loser if they already finished high school. Minimum wage was really designed to give a decent wage to kids of families that needed extra income. People should be worried about a living wage if they are an adult.

The problem with America is that the country is so divided that the struggling masses will never get together on the same issue. The elite will continue to play on this vision. Racism and divison has increased over the last few years...further driving a wedge. Poor whites don't even want better health care options just so blacks and hispanics don't have it. They are ready to sacrifice themselves for it, even letting granny die because they can't afford a procedure. The same is happening with jobs. If they fight corporate reform, it means that we will benefit too.
 

DEAD7

Veteran
Supporter
Joined
Oct 5, 2012
Messages
50,961
Reputation
4,416
Daps
89,046
Reppin
Fresno, CA.
:heh: Anybody worried about minimum wage already is a loser if they already finished high school. Minimum wage was really designed to give a decent wage to kids of families that needed extra income. People should be worried about a living wage if they are an adult.

The problem with America is that the country is so divided that the struggling masses will never get together on the same issue. The elite will continue to play on this vision. Racism and divison has increased over the last few years...further driving a wedge. Poor whites don't even want better health care options just so blacks and hispanics don't have it. They are ready to sacrifice themselves for it, even letting granny die because they can't afford a procedure. The same is happening with jobs. If they fight corporate reform, it means that we will benefit too.


L9YDFjf.gif
 
Top