Zone1 Minimum wage and Social security benefits.

[BackAgain]

Either that or they step on your toes maybe ?

Nat even close. They’re far too baseless and silly.

 

[beagle9]

Nat even close. They’re far too baseless and silly.

Depends on the shoes you wear right ?

 

[BackAgain]

Depends on the shoes you wear right ?

Nope.

 

[beagle9]

Nope.

Yep

 

[Picaro]

Or it could just be eliminated completely.

I just think that the federal minimum is outdated, and needs updated to at least $10.00 dollar's an hour in 2024-2025.

Try around $30 an hour, which it would be if adjusted for real inflation and going by a gold standard.

 

[Picaro]

Hmm, that's weird because Google said it was still 7.25 an hour, and has been since 2009.

Maybe I looked it up wrong. Hmm

Federal minimum wage is around that still. States and even some cities have tier own. None of them are anywhere near real inflation, in any case.

 

[Picaro]

Exactly..

To make the same as $1.60 in 1970, before the 'oil crisis' hoax, it would be over $30 an hour.

 

[Toddsterpatriot]

Try around $30 an hour, which it would be if adjusted for real inflation and going by a gold standard.

Try around $0

 

[Toddsterpatriot]

To make the same as $1.60 in 1970, before the 'oil crisis' hoax, it would be over $30 an hour.

Your math is really off.

CPI Inflation Calculator

 

[Picaro]

Your math is really off.

View attachment 1047851

CPI Inflation Calculator

Now you suddenly pretend that the govt. math is dead on accurate, eh? They never fudge inflation or labor statistics, eh?

lol wanna buy some magic ducks?

 

[Toddsterpatriot]

Now you suddenly pretend that the govt. math is dead on accurate, eh? They never fudge inflation or labor statistics, eh?

lol wanna buy some magic ducks?

If you have some real CPI calculations, post them.

 

[Picaro]

If you have some real CPI calculations, post them.

Why don't you? You the one trying to bullshit us. Even conservative estimates put the inflation rates above 10%-12%. You should look up how CPI has been calculated by the Feds since 1970. WE know you wont, you will just keep sniveling some bullshit Fed number.

CORRECTION: This is What Minimum Wage Would Be If It Kept Pace with Productivity

Until 1968, the minimum wage not only kept pace with inflation, it rose in step with productivity growth. The logic is straightforward; we expect that wages in general will rise in step with productivity growth. For workers at the bottom to share in the overall improvement in society’s living...

cepr.net

Now multiplying $21.50 by a 12% yearly increase from 2020 to 2024, we get about $30.21 for 2023.

 

[Toddsterpatriot]

Why don't you? You the one trying to bullshit us. Even conservative estimates put the inflation rates above 10%-12%. You should look up how CPI has been calculated by the Feds since 1970. WE know you wont, you will just keep sniveling some bullshit Fed number.

CORRECTION: This is What Minimum Wage Would Be If It Kept Pace with Productivity

Until 1968, the minimum wage not only kept pace with inflation, it rose in step with productivity growth. The logic is straightforward; we expect that wages in general will rise in step with productivity growth. For workers at the bottom to share in the overall improvement in society’s living...

cepr.net

Now multiply $21.50 by a 12% yearly increase from 2020 to 2024.

I posted the real CPI data.

Even conservative estimates put the inflation rates above 10%-12%.

What conservative estimates? Where?

CORRECTION: This is What Minimum Wage Would Be If It Kept Pace with Productivity​

CEPR? Why would I give a shit about what some left-wing website is whining about?

The logic is straightforward; we expect that wages in general will rise in step with productivity growth.

Yes, wages in general, not unskilled wages.

We were talking about inflation.

Now multiply $21.50 by a 12% yearly increase from 2020 to 2024.

Why 2020? There was very little inflation in 2020.
Now, if you want to claim that 1/2021-10/2024 had 12% annual inflation, instead of
the 20.7% cumulative from the BLS calculator, that only gets you about 28% higher.

So, $13.36*1.28=$17.11. Still far from $30.

 

[beagle9]

Try around $0

You don't believe in a minimum wage being set, otherwise as a foundational starting point for entry level worker's ?? Hmmm, so otherwise let's say if a company were to think about abusing new employee's after reading their mentalities, then the office of fair labor standards shouldn't get involved in the problem ???????

 

[initforme]

Let the market decide wages, scrap minimum wage. Sad state of affairs, but some folk are not worth minimum wage and some are worth more. Free up the wage budget.

For example, you employ two guys and let's say minimum wage is $10. As you're building up the company in tough times, that's your max wage budget. But one guy is worth $8 and the other guy $12.

Build the company by yourself. Don't hire.

 

[Toddsterpatriot]

You don't believe in a minimum wage being set, otherwise as a foundational starting point for entry level worker's ?? Hmmm, so otherwise let's say if a company were to think about abusing new employee's after reading their mentalities, then the office of fair labor standards shouldn't get involved in the problem ???????

You don't believe in a minimum wage being set

If the minimum wage is set too low, all the workers make more.
If it's set too high, it stops unskilled/first time workers from getting hired.

Why is a federal minimum even needed? Leave it to the states.

let's say if a company were to think about abusing new employee's after reading their mentalities

What does "abusing new employees" mean?

 

[BackAgain]

Yep

Nope

 

[Picaro]

You don't believe in a minimum wage being set, otherwise as a foundational starting point for entry level worker's ?? Hmmm, so otherwise let's say if a company were to think about abusing new employee's after reading their mentalities, then the office of fair labor standards shouldn't get involved in the problem ???????

Todd thinks he is some super productive elitist who scorns the working class as worthless. It's also apparent he's never run a business or filled out a tax return, and believes in 'social Darwinism', where his inheritance makes him a superior genetic specimen compared to uppity proles. He's never had a real job, either, which is obvious. He thinks food and gas and real estate never increase in price and don't belong in CPI calculations, suddenly touting fake govt. numbers whenever it suits his ideological nonsense. He's always asking stupid one liner questions, not having the capacity to manage links besides FreeRepublic and Town Hall, which his older sister bookmarked for him and showed him how to click on those and the govt. sites. He even so conceited he thinks my post was an answer to his.

 

[Captain Caveman]

Build the company by yourself. Don't hire.

I'm self employed in construction. I avoid and would never hire apprentices and staff. If I do a large job, I sub contract the workforce in. If you had 5 staff, you have their problems, and employment costs (taxes) means you pay to get their problems.

 

[beagle9]

You don't believe in a minimum wage being set

If the minimum wage is set too low, all the workers make more.
If it's set too high, it stops unskilled/first time workers from getting hired.

Why is a federal minimum even needed? Leave it to the states.

let's say if a company were to think about abusing new employee's after reading their mentalities

What does "abusing new employees" mean?

Agree with your arguments, but what is meant by "the company abusing new employee hires" is simply looking back on experiences of rogue companies or corrupt company owner's deciding to use cheap illegal labor for the purpose of leveraging that type of labor against American citizen employee labor, and it was all in order to hold wages to a minimum while building on that bottom line in a scheme to get filthy rich at the top while forcing the American entry level or 3 to 4 year veterans to lose out in the scheme of it all.

The American workforce has to have protections in place against corrupted greedy individual's making their way to the top controlling office's of major employer's.