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They are turning a profit on Chinese slave labor, and a socialized domestic workforce.
look them up dummy liberal!! You should know those numbers backwards and forwards!!
Except that I am not a liberal, so there's the end of that conversation.
They are turning a profit on Chinese slave labor, and a socialized domestic workforce.
100% stupid of course. Chinese workers are free to quit working for Apple or Walmart so are not slaves. Moreover, they are getting rich on the high wages. 60 million now buy cars whereas 60 million slowly starvfed to death under liberalism.
See why we say liberalism is based in pure ignorance?
look them up dummy liberal!! You should know those numbers backwards and forwards!!
Except that I am not a liberal, so there's the end of that conversation.
what are you?? Afraid to say??
work conditions are far better than ever which is why people freely take the jobs and earn huge wages than enable them to buy cars rather than slowly starve to death.Rather ignorant of the work conditions in China there for one thing..
For another, you are seriously advocating for communist labor,.
it because it would benefit the economy.
work conditions are far better than ever which is why people freely take the jobs and earn huge wages than enable them to buy cars rather than slowly starve to death.
Do you understand now, liberal?
higher wages would benefit economy by driving even more jobs to China? and by raising prices still further?? By teaching that you get ahead by govt mandate rather than being worth more?
I am not going to say that China isn't experiencing an uptick in wealth.
It is factually incorrect that higher wages drives inflation. .
. But you are seriously deluded as to the actual working conditions over there.
. And again advocating for communist .
too stupid!!! OMG going from slowly starving to death to buying a car is not an untick its a Republican capitalist miracle!!
I didn't say anything about inflation just that when you add to a corps. costs you add to its prices. Did you ever wonder why a Rolls Royce has an higher price and an apple? Higher costs. Not so hard was it?
Wages have NEVER determines the market value of a product..
not a republican capitalist utopia.
On this page, we will itemize a sample budget for a single person in order to analyze what a fair standard would be for a minimum-wage worker. It is our position that a person working eight hours a day, five days a week, at any job, should be able to support themselves to a minimum basic standard of living. This practical wage is necessary in order to elevate the class of working poor to contributing members of society. Working for anything less than what is needed to subsist on independently, is nothing short of slavery.
All figures are based on national averages, for a Federal standard.
RENT ------------------------------$1000
BASIC UTILITIES --------------$200
ADVANCED UTILITIES ------$150
FOOD ------------------------------$300
NON-FOOD GROCERY -----$50
CLOTHING -----------------------$75
TRANSPORTATION ----------$500
HEALTHCARE -----------------$350
MISCELLANEOUS -----------$400
------------------------------------------------------
Average Basic Monthly Expenses $3,025
A full-time job at 40 hours per week is 173.2 hours per month calculating 4.33 weeks in each month. To find a reasonable minimum wage, we divide the average basic monthly expenses figure, by the number of hours worked. For the average American worker to support themselves without government assistance or by borrowing beyond their means, that worker must earn...
$17.47 per hour
Of course, that figure must be after all taxes and contributions are taken, or that anyone earning that amount must be exempt from all such garnishments and liability. A person who cannot even afford to pay their own way, cannot afford to pay taxes. Forcing them to pay taxes that will jeopardize their basic standard of living, is unsound economics and in the long run will only force other taxpayers to subsidize those workers, in turn jeopardizing their own living standard, in a perpetual cycle that we see happening today as more workers descend into deep poverty.
If $17.47 per hour seems unreasonable to you, or just downright impossible, consider a few more facts. There was a time when a grocery clerk, or a department store salesperson could actually support themselves on what they earned. That is not so today.
Using data by the U.S. BLS, the average productivity per American worker has increased 400% since 1950. One way to look at that is that it should only take one-quarter the work hours, or 11 hours per week, to afford the same standard of living as a worker in 1950 (or our standard of living should be 4 times higher). Is that the case? Obviously not. Someone is profiting, it’s just not the average American worker. -Source
Based on consumption growth since 1968, the minimum wage today would have to be $25.05 to represent the same share of the country's total consumption. Based on national income growth, the minimum wage should be $22.08. Based on personal income growth, it should be $21.16. -Source
After adjusting for inflation, minimum wage workers today are paid about 26 percent less than they were in 1974.
At the top 1 percent of the American income distribution, average incomes rose 194 percent between 1974 and 2011. Had U.S. minimum wages risen at the same pace as U.S. maximum wages, the minimum wage would now be $26.96 an hour. -Source
Here is a detailed description of how we arrived at our sample budget figures:
Read more: Analyzing a Practical Minimum Wage Minimum Wage Workers Union of America
On this page, we will itemize a sample budget for a single person in order to analyze what a fair standard would be for a minimum-wage worker. It is our position that a person working eight hours a day, five days a week, at any job, should be able to support themselves to a minimum basic standard of living. This practical wage is necessary in order to elevate the class of working poor to contributing members of society. Working for anything less than what is needed to subsist on independently, is nothing short of slavery.
All figures are based on national averages, for a Federal standard.
RENT ------------------------------$1000
BASIC UTILITIES --------------$200
ADVANCED UTILITIES ------$150
FOOD ------------------------------$300
NON-FOOD GROCERY -----$50
CLOTHING -----------------------$75
TRANSPORTATION ----------$500
HEALTHCARE -----------------$350
MISCELLANEOUS -----------$400
------------------------------------------------------
Average Basic Monthly Expenses $3,025
A full-time job at 40 hours per week is 173.2 hours per month calculating 4.33 weeks in each month. To find a reasonable minimum wage, we divide the average basic monthly expenses figure, by the number of hours worked. For the average American worker to support themselves without government assistance or by borrowing beyond their means, that worker must earn...
$17.47 per hour
Of course, that figure must be after all taxes and contributions are taken, or that anyone earning that amount must be exempt from all such garnishments and liability. A person who cannot even afford to pay their own way, cannot afford to pay taxes. Forcing them to pay taxes that will jeopardize their basic standard of living, is unsound economics and in the long run will only force other taxpayers to subsidize those workers, in turn jeopardizing their own living standard, in a perpetual cycle that we see happening today as more workers descend into deep poverty.
If $17.47 per hour seems unreasonable to you, or just downright impossible, consider a few more facts. There was a time when a grocery clerk, or a department store salesperson could actually support themselves on what they earned. That is not so today.
Using data by the U.S. BLS, the average productivity per American worker has increased 400% since 1950. One way to look at that is that it should only take one-quarter the work hours, or 11 hours per week, to afford the same standard of living as a worker in 1950 (or our standard of living should be 4 times higher). Is that the case? Obviously not. Someone is profiting, it’s just not the average American worker. -Source
Based on consumption growth since 1968, the minimum wage today would have to be $25.05 to represent the same share of the country's total consumption. Based on national income growth, the minimum wage should be $22.08. Based on personal income growth, it should be $21.16. -Source
After adjusting for inflation, minimum wage workers today are paid about 26 percent less than they were in 1974.
At the top 1 percent of the American income distribution, average incomes rose 194 percent between 1974 and 2011. Had U.S. minimum wages risen at the same pace as U.S. maximum wages, the minimum wage would now be $26.96 an hour. -Source
Here is a detailed description of how we arrived at our sample budget figures:
Read more: Analyzing a Practical Minimum Wage Minimum Wage Workers Union of America
RENT ------------------------------$0 one person's share of a used tent, or can live with parents or friends for free
BASIC UTILITIES --------------$0 see above
ADVANCED UTILITIES ------$0 see above
FOOD ------------------------------$100 learn to fish and buy 50lb bags of rice & beans
NON-FOOD GROCERY -----$2 for a box of baking soda
CLOTHING -----------------------$0 clothing is free for the poor if you need a link ask
TRANSPORTATION ----------$0 borrow a bike
HEALTHCARE -----------------$0 see bike
MISCELLANEOUS -----------$100
------------------------------------------------------
Average Basic Monthly Expenses $202
Minimum wage 2 bucks.
