New York approves $9 minimum wage

[KOohbt]

nikka, I was born here like I had a choice??!!!

Damn you never had a chance to experience how cheap the south is. 3 bedroom 3 bath house for 1.2k all kinds of space.

 

[Spatial Paradox]

The fukk would anyone live in NYC unless they were caked up. nikkas rent can rent you out multiple houses down here. Live in a great city but can't afford the great things.

If you're broke in NY, but move somewhere else and work in the same sort of minimum wage job you had here, chances are you'll be just as broke wherever you move to

Not caping for the cost of living here, because it is ridiculous, but it's easy to see why someone would choose to try improving their lot here first before considering moving elsewhere

Then, as the article posted in this thread points out, the cost of living here is somewhat balanced out by the fact that you'll likely be making more for the same job here than elsewhere and you can realistically forego a car and all the annual costs associated with it altogether

 

[ORDER_66]

Damn you never had a chance to experience how cheap the south is. 3 bedroom 3 bath house for 1.2k all kinds of space.

I know..... the housing in atlanta and orlando looks ridiculous for these prices...

 

[Wild self]

Exactly. And the sad truth is that our country would prefer to keep it like that. Those at the top get their pockets lined by us struggling to survive. Folks think that getting a degree will solve all of their financial problems and that's a damn lie. One shouldn't come out of school more educated then they entered with and more in debt then they started with only to make a little piece of shyt money that they can't even live off on.

And if you do make good money your usually working 50-60 hrs a week which should be against the damn law.


All this shyt makes me mad

I would like to know why can't minimum wage be $12-15 an hr in ALL states. It's nothing to make moves off of but it can better the quality of life for many people who are so used to making less.

CEOs should get paid only 20-50 times the amount of workers. Not up to 500 times over.

On top of making schools drastically lower their tuition rates.

ANd these "careers" with their salaries forcing people to work from 9 am to 8 pm every night (or later) is just inhumane.

 

[Wild self]

The 1%: How dare you want to have an apartment, pay all your bills on time and not eat spam You should've went to college and got a STEM degree if you wanted those privileges

STEM degrees are being oversaturated now.

 

[Domingo Halliburton]

why should there be a ceiling on pay? You think that will get you paid more?



and I like you guys upping year old threads...i can see what I said back then

 

[hu3ypdadon]

The elitism in this thread is crazy. A lot of us actually think we are special or better than cashiers\fast food workers when actually, we're not..

Most of the population is average at best, and in order for the economy to function properly, you need to have people working as cashiers\janitors etc.

But on the flipside, these jobs need to provide a livable wage so that those people have some type of quality of life, which is just simply the socially responsible thing to do....

C/S

 

[Brown_Pride]

why should there be a ceiling on pay? You think that will get you paid more?



and I like you guys upping year old threads...i can see what I said back then

Is it really a cap though? Or more of an incentive to raise the floor to increase your own pay.
If your lowest earning employee makes $20/hr that's 41.6k a year if CEO salary was capped at 50x that the CEO would be making 1k an hour at 2,080,000 million a year.

Now a CEO with a Salary of 45m makes roughly 21k an hour given a $10 minimum wage that CEO makes about 2000x the amount of the lowest paid worker....no real point just thought i'd point out some numbers.

Oh and if there was a cap of 50x and the CEO was making 45m then the lowest paid worker would be making 430/hr.

If a CEO making 45m a year were to cap at 50x and make only 2,080,000 a year teh difference from 45m to 2m is roughly 43 million. That..."savings" would allow 1031 employees to make $20 a year...and thats with just ONE person taking a salary cut.

Let me ask this question though, as we've seen CEO pay isn't really tied to performance, would a CEO work any less if he wasn't making 45 million a year? Say he/she was only making 3 million a year? Would

 

[TLR Is Mental Poison]

Yay this will help so much

 

[DEAD7]

What exactly is the correlation between CEO pay, and worker pay?

 

[Wild self]

Is it really a cap though? Or more of an incentive to raise the floor to increase your own pay.
If your lowest earning employee makes $20/hr that's 41.6k a year if CEO salary was capped at 50x that the CEO would be making 1k an hour at 2,080,000 million a year.

Now a CEO with a Salary of 45m makes roughly 21k an hour given a $10 minimum wage that CEO makes about 2000x the amount of the lowest paid worker....no real point just thought i'd point out some numbers.

Oh and if there was a cap of 50x and the CEO was making 45m then the lowest paid worker would be making 430/hr.

If a CEO making 45m a year were to cap at 50x and make only 2,080,000 a year teh difference from 45m to 2m is roughly 43 million. That..."savings" would allow 1031 employees to make $20 a year...and thats with just ONE person taking a salary cut.

Let me ask this question though, as we've seen CEO pay isn't really tied to performance, would a CEO work any less if he wasn't making 45 million a year? Say he/she was only making 3 million a year? Would

If a few CEOs lowered their bonuses and gave it back to the workers, the economy would even be stronger than the 90s. No lie.

 

[NZA]

What exactly is the correlation between CEO pay, and worker pay?

being paid with stock options gives incentive to do massive short term growth strategies which usually means dumping on workers?

 

[DEAD7]

being paid with stock options gives incentive to do massive short term growth strategies which usually means dumping on workers?

So its how they are paid, not how much?
If so, why the focus on how much they are paid?

 

[NZA]

So its how they are paid, not how much?
If so, why the focus on how much they are paid?

um...because it shows that the executives are enriching themselves at the expense of labor?

 

[Fart Knocker]

$9 in nyc cant even get you a meal at McDonalds. work for 1 hour and still not be able to afford a pack of cigarettes, brehs