Average hourly rate of an American is $24.06 or $50,044 per year.

[pinqy]

Averages are funny things

Especially when you average an executive making $20 mil with a minimum wage

Well, first, the executives making that much don't take it all in salary, so that drops that part down.
And second, BLS also publishes average wages of production and non-supervisory employees. Table B-8. Average hourly and weekly earnings of production and nonsupervisory employees on private nonfarm payrolls by industry sector seasonally adjusted 1
For August the hourly wage was $20.67

 

[hadit]

Why do conservatards hate to see working people getting ahead?

And why do people like you EXAGGERATE? You have NO idea what you said.
How many people have you put to work today?
Zero!
How many people have you contributed to becoming unemployed? Millions! Yup idiots like you with your totally unsupported exaggerations continue to
make any progress possible when ALL YOU want to do is TEAR DOWN... not create!
Where will RAISING the minimum wage nearly 40% INCREASE employment??? At least I want to see people STAY employed!
I KNOW what I'm writing about ... but you ??? Just raw gross unsupported stupid ass comments!
I want to keep as many people working but you... want more people on the government dole!

Quite frankly, yes, it is almost inevitable that burger flipping jobs will be automated and burger joints will have 2 or 3 techs trained to push the start button and call tech support when something breaks.

......................
well now ! lookie there, a created job.., above min. wage i'll bet

Yes, you are correct. The few remaining jobs pay better, just like automation replaced lower paying manual jobs with fewer, higher paid technical jobs on the auto assembly lines.

 

[hadit]

What you cons don't understand is that anyone making less than 10 an hour is not making a wage they can live off of. That is why so many people are on food stamps. It is also way below the level of inflation. If you raised the wage to 10 an hour you would be helping 16 million people get out of poverty.

Where would you raise 16 million people when less then 3.5 million make minimum wage?
FACTS where are your FACTS you raise 16 million by raising 3.3 million to $10.80 per hour?
Between age 16 to 24 years,1,797,000 at or below minimum wage..
Tables 1 - 10 Characteristics of Minimum Wage Workers 2012

Below table shows... 16 to 24 years old make up 673,000
25 years older... 591,000
Total 16 years and older 3.5 million NOT 16 million!!!
View attachment 32702

That's interesting. Looks like the average McDonald's could absorb a minimum wage hike and still make money.

Not much of one, and when labor costs rise high enough, burger flipping will be automated.

 

[hadit]

These are the FACTS folks. Not suppositions. Not anecdotal stories but realities
According to the Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector seasonally adjusted

government Bureau of Labor Statistics see below.
Depending on the industry the hourly rate can be as high as $35.37 hour or $73,569 per year.



View attachment 32687

Now according to the same Bureau of Labor statistics:
Minimum wage workers tend to be young.
Although workers under age 25 represented only about one-fifth of hourly paid workers,
they made up about half of those paid the Federal minimum wage or less.

Among employed teenagers paid by the hour, about 21 percent earned the minimum wage or less, compared with about 3 percent of workers age 25 and over.

Between age 16 to 24 years,1,797,000 at or below minimum wage..
Tables 1 - 10 Characteristics of Minimum Wage Workers 2012

Would someone please tell me where these 1.6 million young people will work when minimum wage is raised by 39% and it becomes cheaper to let them go?

LOL you people are hilarious. You really need to learn basic math. The reason why the mean is that high is because how high personal wealth is in this country. 1% of the top earners own 40% of the nation's wealth. That's the fact that matters.

Wealth =/= income. A very wealthy person could live a very lavish lifestyle and have no income at all, and a small business owner can have a high income for a year while possessing little wealth.

 

[Billy000]

These are the FACTS folks. Not suppositions. Not anecdotal stories but realities
According to the Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector seasonally adjusted

government Bureau of Labor Statistics see below.
Depending on the industry the hourly rate can be as high as $35.37 hour or $73,569 per year.



View attachment 32687

Now according to the same Bureau of Labor statistics:
Minimum wage workers tend to be young.
Although workers under age 25 represented only about one-fifth of hourly paid workers,
they made up about half of those paid the Federal minimum wage or less.

Among employed teenagers paid by the hour, about 21 percent earned the minimum wage or less, compared with about 3 percent of workers age 25 and over.

Between age 16 to 24 years,1,797,000 at or below minimum wage..
Tables 1 - 10 Characteristics of Minimum Wage Workers 2012

Would someone please tell me where these 1.6 million young people will work when minimum wage is raised by 39% and it becomes cheaper to let them go?

LOL you people are hilarious. You really need to learn basic math. The reason why the mean is that high is because how high personal wealth is in this country. 1% of the top earners own 40% of the nation's wealth. That's the fact that matters.

Wealth =/= income. A very wealthy person could live a very lavish lifestyle and have no income at all, and a small business owner can have a high income for a year while possessing little wealth.

Yes but in terms of income it still goes very high.

 

[hadit]

Explain to me folks how putting 1 million plus people under 25 out of work is good?

According to the CBO, raising the wage to 10.10 would kill 500,000 jobs but even that's a liberal estimate. Any jobs lost would be regained through an increase in consumer spending. This is basic economics.

It would also lift 16 million people out of poverty.

But that's not where most people want to go. They want $15/hour, which would result in greater job loss, especially among the young who are trying to gain work experience.

 

[hadit]

These are the FACTS folks. Not suppositions. Not anecdotal stories but realities
According to the Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector seasonally adjusted

government Bureau of Labor Statistics see below.
Depending on the industry the hourly rate can be as high as $35.37 hour or $73,569 per year.



View attachment 32687

Now according to the same Bureau of Labor statistics:
Minimum wage workers tend to be young.
Although workers under age 25 represented only about one-fifth of hourly paid workers,
they made up about half of those paid the Federal minimum wage or less.

Among employed teenagers paid by the hour, about 21 percent earned the minimum wage or less, compared with about 3 percent of workers age 25 and over.

Between age 16 to 24 years,1,797,000 at or below minimum wage..
Tables 1 - 10 Characteristics of Minimum Wage Workers 2012

Would someone please tell me where these 1.6 million young people will work when minimum wage is raised by 39% and it becomes cheaper to let them go?

LOL you people are hilarious. You really need to learn basic math. The reason why the mean is that high is because how high personal wealth is in this country. 1% of the top earners own 40% of the nation's wealth. That's the fact that matters.

Wealth =/= income. A very wealthy person could live a very lavish lifestyle and have no income at all, and a small business owner can have a high income for a year while possessing little wealth.

Yes but in terms of income it still goes very high.

Of course it does, but it pays to differentiate between the two, and most politicians will deliberately blur the lines so as to generate class envy.

 

[RKMBrown]

These are the FACTS folks. Not suppositions. Not anecdotal stories but realities
According to the Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector seasonally adjusted

government Bureau of Labor Statistics see below.
Depending on the industry the hourly rate can be as high as $35.37 hour or $73,569 per year.



View attachment 32687

Now according to the same Bureau of Labor statistics:
Minimum wage workers tend to be young.
Although workers under age 25 represented only about one-fifth of hourly paid workers,
they made up about half of those paid the Federal minimum wage or less.

Among employed teenagers paid by the hour, about 21 percent earned the minimum wage or less, compared with about 3 percent of workers age 25 and over.

Between age 16 to 24 years,1,797,000 at or below minimum wage..
Tables 1 - 10 Characteristics of Minimum Wage Workers 2012

Would someone please tell me where these 1.6 million young people will work when minimum wage is raised by 39% and it becomes cheaper to let them go?

Maybe they will create their own jobs.

 

[hadit]

Thought experiment - Increase the MW to $100/hour. Would that not totally eliminate poverty?

If you say yes, you're an idiot. If you say no, you admit that raising it too high too fast would NOT help poverty and in fact would be detrimental to the economy. Thus, there ARE consequences to raising the MW. That reduces the argument to how much positive/negative impact there would be at what levels of increase.

 

[NYcarbineer]

What you cons don't understand is that anyone making less than 10 an hour is not making a wage they can live off of. That is why so many people are on food stamps. It is also way below the level of inflation. If you raised the wage to 10 an hour you would be helping 16 million people get out of poverty.

Where would you raise 16 million people when less then 3.5 million make minimum wage?
FACTS where are your FACTS you raise 16 million by raising 3.3 million to $10.80 per hour?
Between age 16 to 24 years,1,797,000 at or below minimum wage..
Tables 1 - 10 Characteristics of Minimum Wage Workers 2012

Below table shows... 16 to 24 years old make up 673,000
25 years older... 591,000
Total 16 years and older 3.5 million NOT 16 million!!!
View attachment 32702

That's interesting. Looks like the average McDonald's could absorb a minimum wage hike and still make money.

Not much of one, and when labor costs rise high enough, burger flipping will be automated.

What's the cost per hour of an automated burger flipper?

 

[NYcarbineer]

If fast food restaurants can't make any money if labor costs are higher,

why do you often see the offered wages of fast food jobs rise sharply in times of labor shortages?

 

[NYcarbineer]

So if the average wage in the US is $24/hour, that means the average employer in America can afford to pay that amount, on average.

 

[healthmyths]

What you cons don't understand is that anyone making less than 10 an hour is not making a wage they can live off of. That is why so many people are on food stamps. It is also way below the level of inflation. If you raised the wage to 10 an hour you would be helping 16 million people get out of poverty.

Where would you raise 16 million people when less then 3.5 million make minimum wage?
FACTS where are your FACTS you raise 16 million by raising 3.3 million to $10.80 per hour?
Between age 16 to 24 years,1,797,000 at or below minimum wage..
Tables 1 - 10 Characteristics of Minimum Wage Workers 2012

Below table shows... 16 to 24 years old make up 673,000
25 years older... 591,000
Total 16 years and older 3.5 million NOT 16 million!!!
View attachment 32702

That's interesting. Looks like the average McDonald's could absorb a minimum wage hike and still make money.

Not much of one, and when labor costs rise high enough, burger flipping will be automated.

What's the cost per hour of an automated burger flipper?

Momentum Machines The Next Industrial Revolution
Our current device can pay for itself in less than one year, making equipment sales a second path for us.
All it has to do is cost $10.80 X 2,080 hours or $22,464 in the first year... and NOTHING but maintenance the next year.
Also it works 7 days a week 24 hours a day.

 

[healthmyths]

QUOTE="NYcarbineer, post: 9941527, member: 18701"]So if the average wage in the US is $24/hour, that means the average employer in America can afford to pay that amount, on average.[/QUOTE]
The Bureau of Labor statistics STATES clearly:
Between age 16 to 24 years,1,797,000 at or below minimum wage..
Tables 1 - 10 Characteristics of Minimum Wage Workers 2012

 

[kiwiman127]

If a person looks at the historical unemployment rate, when the minimum wage has been increased, there has never been a spike in the unemployment rate.

That's not true. Unemployment increased in 2008, 2009 and 2010 while the minimum wage increased in 2007, 2008, and 2009.

U.S. Department of Labor - Wage and Hour Division WHD - Minimum Wage

During the biggest economic downturn since the Great Depression! You can't be serious!
That is really, really lame.

 

[hadit]

If fast food restaurants can't make any money if labor costs are higher,

why do you often see the offered wages of fast food jobs rise sharply in times of labor shortages?

Because then the labor is worth more, due to lowered supply. You will also notice that fast food joints will hire fewer workers and raise prices for the same reason. That's the best way, BTW, to raise pay. Make fewer workers available by employing more of them. IOW, boost the economy like Reagan did.

 

[hadit]

What you cons don't understand is that anyone making less than 10 an hour is not making a wage they can live off of. That is why so many people are on food stamps. It is also way below the level of inflation. If you raised the wage to 10 an hour you would be helping 16 million people get out of poverty.

Where would you raise 16 million people when less then 3.5 million make minimum wage?
FACTS where are your FACTS you raise 16 million by raising 3.3 million to $10.80 per hour?
Between age 16 to 24 years,1,797,000 at or below minimum wage..
Tables 1 - 10 Characteristics of Minimum Wage Workers 2012

Below table shows... 16 to 24 years old make up 673,000
25 years older... 591,000
Total 16 years and older 3.5 million NOT 16 million!!!
View attachment 32702

That's interesting. Looks like the average McDonald's could absorb a minimum wage hike and still make money.

Not much of one, and when labor costs rise high enough, burger flipping will be automated.

What's the cost per hour of an automated burger flipper?

Momentum Machines The Next Industrial Revolution
Our current device can pay for itself in less than one year, making equipment sales a second path for us.
All it has to do is cost $10.80 X 2,080 hours or $22,464 in the first year... and NOTHING but maintenance the next year.
Also it works 7 days a week 24 hours a day.

And, it doesn't cop an attitude.

 

[tuhaybey]

Check out how the value that the average American creates per hour of work is divided up. Pretty stark. It didn't used to be that way. See how wages have changed over time in relation to productivity.

 

[LoneLaugher]

The OP thinks raising the minimum wage will be accompanied by a huge drop in demand for services....so business owners can just fire people or cut hours. So easy.

Or...they replace people with robots. They are FREE! And they don't need people to manufacture and maintain them either.

Idiot.

 

[cultsmasher]

These are the FACTS folks. Not suppositions. Not anecdotal stories but realities
According to the Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector seasonally adjusted

government Bureau of Labor Statistics see below.
Depending on the industry the hourly rate can be as high as $35.37 hour or $73,569 per year.



View attachment 32687

Now according to the same Bureau of Labor statistics:
Minimum wage workers tend to be young.
Although workers under age 25 represented only about one-fifth of hourly paid workers,
they made up about half of those paid the Federal minimum wage or less.

Among employed teenagers paid by the hour, about 21 percent earned the minimum wage or less, compared with about 3 percent of workers age 25 and over.

Between age 16 to 24 years,1,797,000 at or below minimum wage..
Tables 1 - 10 Characteristics of Minimum Wage Workers 2012

Would someone please tell me where these 1.6 million young people will work when minimum wage is raised by 39% and it becomes cheaper to let them go?

healthmyths,
As to your estimates of hourly wage, what does it come out to when you add in the 101 million people who don't make anything at all. Because they're unemployed.