CBO: Obama’s minimum wage plan would cost jobs but help millions

[Brown_Pride]

"heated policy discussion is over a very small group of people. According to theBureau of Labor Statistics there are about 3.6 million workers at or below the minimum wage (you can be below legally under certain conditions). That is 2.5 percent of all workers and 1.5 percent of the population of potential workers. Within that small group, 31 percent are teenagers and 55 percent are 25 years old or younger. That leaves only about 1.1 percent of all workers over 25 and 0.8 percent of all Americans over 25 earning the minimum wage"

Less then one percent of Americans over 25 are making the MW.

Photo credit: Mark Turnauckas

Within that tiny group, most of these workers are not poor and are not trying to support a family on only their earnings. In fact, according to a recent study, 63 percent of workers who earn less than $9.50 per hour (well over the minimum wage of $7.25) are the second or third earner in their family and 43 percent of these workers live in households that earn over $50,000 per year. Thus, minimum wage earners are not a uniformly poor and struggling group; many are teenagers from middle class families and many more are sharing the burden of providing for their families, not carrying the load all by themselves.
http://www.forbes.com/sites/jeffrey...ve-been-told-about-the-minimum-wage-is-false/

Again it's not people trying to support families. It's kids making side money. When you raise the MW, you're making sure they get more money. GTFOH

Not this shyt again.
Here is my response from the previous misleading ass article

Well these numbers are misleading as all fuk in terms of a REAL minimum wage having a decent affect on anything.

The problem is this
Poverty line for a family of 4 is 23k (roughly)
http://www.familiesusa.org/resources/tools-for-advocates/guides/federal-poverty-guidelines.html

Now let's look at LIFE numbers and create a monthly budget, very bare bones
Rent, Water, Electric, Food, Clothes, Medical
http://www.nccp.org/tools/frs/budget.php

I used Jacksonville Florida with a family of 4, 2 kids ages 8 & 9 and the bare bones budget annual budget I come up with is 39k, which translates into roughly $10 an hour per adult in the family. Either that or one person makes $20 to get to that 39-40k range.

So the problem isn't that the people making less than 9.50 an hour are kids, the problem is that people making 10-12 an hour aren't making enough are just barely enough to eek by.

I'm not saying minimum wage is the answer, i'm not saying it's a problem either, but the idea that rasing minimum to 9.50 and it really changing anything is silly and on that point this article is correct. HOWEVER; the truth of the matter is people dont' make enough to live reasonably.
The argument in this article is like correctly saying a bandaid wont fix a gunshot wound, but concluding that NOTHING should be done at all.

TLDR
This article is misleading. People don't make enough money to reasonably survive. Shyts Broken.

that report your quoting as proof of who earns minimum wage is correct, BUT it doesn't really address the fact that there are people who make just over the minimum wage 10-12 an hour and that shyt's still not enough.

 

[Brown_Pride]

So what? Did the UN declare a universal CEO pay scale? I don't give a flying fukk what other countries do because what other countries do doesn't always work here and vice versa.

This type of mentality is why America is on the decline. The "everyone gets a trophy" entitlement society we've created is so pathetic. People have forgotten that you don't deserve shyt, you earn shyt.

if that were the case a good chunk of CEO's, particularly in recent years would have gotten shyt, instead jobs were cut and CEO bonuses remained inflated.

Dead that "work hard get paid well" shyt. The hardest working people in America earn between MW and 15 bucks an hour @ trying to compare sitting in an office and getting paid millions regardless of job performance to ...well to damn near every other job in america.

 

[DEAD7]

Getting paid a lot while your employees struggle to feed their families is the problem.

That's just not right, whatever your political ideologies are

I target the ones that make the wages. They are the source of the problem.

... shouldnt we be focusing on those cutting the checks and why they are cutting them though?
CEO's are out to get as much as they can for their services, something that you will find in any position, at any job, anywhere. What we should be asking is why is it CEO's get such high pay, not why are they asking for it/accepting it. Those answers are apparent.

I feel like CEO's are scapegoats.


and no one has explained how its our business what shareholders do with their property...

if that were the case a good chunk of CEO's, particularly in recent years would have gotten shyt, instead jobs were cut and CEO bonuses remained inflated.

Dead that "work hard get paid well" shyt. The hardest working people in America earn between MW and 15 bucks an hour @ trying to compare sitting in an office and getting paid millions regardless of job performance to ...well to damn near every other job in america.

Performance isnt the only factor, experience plays a huge factor as well, and the pool of qualified people meeting all of the requirements is a lot smaller than many of you think.
Hence why they bounce around so much.

 

[Malik]

That's most MW workers in general breh . The vast majority don't work full time and aren't the primary breadwinners in their homes which is my entire point.




Less then one percent of all workers over 25 are making minimum wage

If 31% of the workers are teenagers, then 69% are adults breh

They tend to be between 18 and 25, like your stats say, and from my experience, they aren't college kids. When I worked at Wal-Mart three summers ago, I was the only nikka in my department in college on summer break. Nikkas really didn't believe I was in college until I left to go back. Age wise, they were all early 20s, some mid 20s...hood types just working. Im pretty sure since I left most of them went to trade school (cdl license or whatever) or moved on to better work but, don't make it out like these giant retailers like Wal-Mart just hire colleges students and high school kids (which is an excuse they use to justify their shytty pay) when the reality is most of the workers they hire are regular adult people. In fact, try even getting a retail job and telling them you're in college during the interview

 

[MeachTheMonster]

... shouldnt we be focusing on those cutting the checks and why they are cutting them though?
CEO's are out to get as much as they can for their services, something that you will find in any position, at any job, anywhere. What we should be asking is why is it CEO's get such high pay, not why are they asking for it/accepting it. Those answers are apparent.

I feel like CEO's are scapegoats.

CEO's have the power to do that, and it's usualy done by taking money/jobs from workers.

Workers don't have that power, they just hope to keep their job

 

[Brown_Pride]

... shouldnt we be focusing on those cutting the checks and why they are cutting them though?

Oh you mean the board? Well now you're going to have to decide how you want to approach this. Either the CEO is works hard for his money and decides how the company runs and works for his pay, OR, he's a puppet to the board because they cut his check.

CEO's are out to get as much as they can for their services, something that you will find in any position, at any job, anywhere. What we should be asking is why is it CEO's get such high pay, not why are they asking for it/accepting it. Those answers are apparent.

humor me and provide those answer please.

I feel like CEO's are scapegoats.

I feel like since they are charged with managing a company and the trending of most companies has been to cut low end pay while rocketing up high end pay the term scapegoat might imply they had no hand in the current state of affairs when really they are directly responsible. I say we call them what they are, "responsible for the destruction of the middle class"

and no one has explained how its our business what shareholders do with their property...

Well you see what happens is these share holders own property in the united states of america. Their actions have an affect and effect on America. Ergo it's our concern and business. (Hence things like minimum wage, laws preventing people from burning their own homes, laws against suicide, etc, etc, etc... The greater good and what not.

Performance isnt the only factor, experience plays a huge factor as well, and the pool of qualified people meeting all of the requirements is a lot smaller than many of you think.
Hence why they bounce around so much.

I know why they get paid so much and my point is it's very seldom tied to performance.

Also bare in mind I spent some time as the book keeper for a very small executive consulting/ training firm who specialized in contract negotiation and such. Trust me when I say these fukers have the mind set of get in and get out with as much as you can as fast as you can. There's more money in bouncing around on short term gains than trying to weather storms. (i could tell you a story or two about the telecom industry...)

 

[Malik]

All of this just shows how much harder our generation has it. You say that people who work minimum wage are unskilled. Cool. How skilled do you think your grandfather was 60 years ago when he showed up at the Chevrolet plant a week after high school? Nikka didn't know shiit but, he got trained on the job, started making real money and was probably buying a house and getting married before 22.

All of our manufacturing jobs got shipped overseas and replaced with minimum wage bullshiit. If you can push pallets and forklifts around a warehouse, you could have worked on a factory assembly line. The irony of all this shiit is, corporations shifted all their production to third world countries to cut costs and they've made money hand over fist ever since but, the golden age of our country was when we made all of our own shiit and paid people a livable wage.

 

[Alexander The Great]

By 2016 that will still be too low

 

[Wild self]

All of this just shows how much harder our generation has it. You say that people who work minimum wage are unskilled. Cool. How skilled do you think your grandfather was 60 years ago when he showed up at the Chevrolet plant a week after high school? Nikka didn't know shiit but, he got trained on the job, started making real money and was probably buying a house and getting married before 22.

All of our manufacturing jobs got shipped overseas and replaced with minimum wage bullshiit. If you can push pallets and forklifts around a warehouse, you could have worked on a factory assembly line. The irony of all this shiit is, corporations shifted all their production to third world countries to cut costs and they've made money hand over fist ever since but, the golden age of our country was when we made all of our own shiit and paid people a livable wage.

Outsourcing and the vast improvement of technology killed it for the middle class. Some of these oldheads in comfortable positions are saying that kids today are too lazy, but we have a fraction of the jobs out there for us.

 

[DEAD7]

Defending greedy CEO's on this board is a death sentence, but f*ck it!

Oh you mean the board? Well now you're going to have to decide how you want to approach this. Either the CEO is works hard for his money and decides how the company runs and works for his pay, OR, he's a puppet to the board because they cut his check.

Both, final answer. I think we have to look at each case individually and judge each on his or her own merits or lack there of

humor me and provide those answer please.

Supply & Demand

I feel like since they are charged with managing a company and the trending of most companies has been to cut low end pay while rocketing up high end pay the term scapegoat might imply they had no hand in the current state of affairs when really they are directly responsible. I say we call them what they are, "responsible for the destruction of the middle class"

again supply and demand. More qualified people at the bottom lowers the need for incentives(high pay), a lower number of qualified CEO's increases the need for incentive(high pay).

Well you see what happens is these share holders own property in the united states of america. Their actions have an affect and effect on America. Ergo it's our concern and business. (Hence things like minimum wage, laws preventing people from burning their own homes, laws against suicide, etc, etc, etc... The greater good and what not.

explain this please, and include why we should have say as to what they do with their money.

I know why they get paid so much and my point is it's very seldom tied to performance.

Is that the lie of thinking used when discussing fry cooks
But seriously, pay isnt just a reward for merit.

Also bare in mind I spent some time as the book keeper for a very small executive consulting/ training firm who specialized in contract negotiation and such. Trust me when I say these fukers have the mind set of get in and get out with as much as you can as fast as you can. There's more money in bouncing around on short term gains than trying to weather storms. (i could tell you a story or two about the telecom industry...)

Oh I am certain they are horrible people and what not, but they are people and most of us are horrible. That's not the issue. I also dont see how them bouncing around is anyones concern. I get that people dont like it, but I have yet to have it explained how s CEO going from one company to another and another hurts the public.

 

[DEAD7]

Outsourcing and the vast improvement of technology killed it for the middle class. Some of these oldheads in comfortable positions are saying that kids today are too lazy, but we have a fraction of the jobs out there for us.

Raising the min wage will stop outsourcing and bring back the middle class

 

[Malik]

Outsourcing and the vast improvement of technology killed it for the middle class. Some of these oldheads in comfortable positions are saying that kids today are too lazy, but we have a fraction of the jobs out there for us.

Old Economy Steve

 

[Wild self]

Old Economy Steve

Sad to say, but the Baby Boomer Generation fukked it up for everyone. They scared when they get too old to work anymore, change will come. Especially from Gen Y.

 

[No1]

i never meant to imply that all athlete pay was unguaranteed, and i have no idea how you could get that i am "passionate" about this. this is the first time i have ever spoken about "CEO/athlete" pay here.

the point is that executives have influence over the purse strings, so they will increase their pay whenever possible. nobody else can do that so comparing them to other professions doesnt make sense

i also never mentioned whether or not any particular executive deserves anything. i outlined how their pay is not structured tightly to performance like entertainers. that is all. stop getting emotional.

Executives are paid relative to their peers, but it's senseless because essentially they are all setting their own salaries. Like the board of directors will decide on someone's compensation, but there are so very few people in that position in the industry that they can just artificially inflate their salary. There isn't really a competitive market for them.

 

[No1]

So what? Did the UN declare a universal CEO pay scale? I don't give a flying fukk what other countries do because what other countries do doesn't always work here and vice versa.

This type of mentality is why America is on the decline. The "everyone gets a trophy" entitlement society we've created is so pathetic. People have forgotten that you don't deserve shyt, you earn shyt.

And what have those people done relative to their peers to earn anything....people like you who forgot how this country got to where it is are the problem. Everyone who critiques the current system is "entitled." Were people entitled when they first fought for minimum wage laws, laws against child labor, etc. Living in a nation is a social contract. Every part is necessary. It is hardly "fair" that those with the most--most of whom did not earn anything or are in that position due to accidents of birth--continue to profit while everyone else falls backward. Your points are in the vast minority, but you frame it in those sacred terms of "hard work" and "earning it" to make the person opposed to you seem like a lazy bum who just wants a hand out instead of a human being with human rights who is entitled to dignity. It is only in those terms that you frame it that everyone believes in that the status quo can be justified. The false pretense of a meritocracy.