pknopp
Diamond Member
- Jul 22, 2019
- 71,476
- 27,657
Sounds about right
Workers in the 1950s earned $30-$40 a week. They supported families on that wage with one salary.
$1.25 bought you a lot
not as much as $25 today. NOPE no one could support a FAMILY back then on $40 per week except in real poverty----like no car----probably no phone, ---
maybe a three room apartment ---low end. $25 per hour-----at 40 hours is
$1000 per week for a teenager slinging burgers. why bother to stay in school? anyone got a job for me?
The problem is that very few teenage boys are slinging burgers. It's mostly young single moms with children to support. The average age of minimum wage workers is 27. $1000 per week translates to $750 per week take home, less $200 per week for child care, taking it down to $550 per week, net, after expenses, and our worker still doesn't have healthcare insurance for him/herself or any children they may be supporting. I don't know what rents are like where you live, but where I live, you can't find any apartment much under $800 per month, plus utilities, Much one big enough for a parent and child. Anything family size is over $1000 plus utilities, unless you can get into goverment owned, geared to income housing. The waiting list is currently two years here.
So really, by the time a single mother pays for withholding and taxes, child care, and rent, exactly how much of that glorious $1000 per week, is he or she going to have left, to cover food, clothing, school supplies, transportation, health care, and we're not talking luxury living here Rosie.
Every dollar this worker gets from government income supports costs taxpayers at least $1.25 to collect, process and pay out. Each dollar this employer gives their workers costs the employer $0.78, and the taxpayers $0.22, So, it's a whole lot cheaper for taxpayers to pay a slightly higher price for their goods and services, and lower taxes overall, with the added benefit that it cuts the size of government overall. Since, as you pointed out, the rich pay most of the taxes, they'll get most of the tax savings, thereby further reducing their net cost on the raises. Increasing the money going into the pockets of working Americans will enable them to spend and save, as they were able to do before Reagan changed the tax code, while providing stimulus to the economy by putting more money in the pockets of hard working Americans.
It's time for the rising tide of American prosperity to lift the dinghys as well as the yachts, because these people cannot bail fast enough right now.
you have no idea what is REALLY going on. I do-----I was once a single mom supporting a kid on virtually nothing. When I was a child----my mom faced that situation for a few years-----but not with one kid-----FIVE. The single working mother is an issue of SOCIAL dissolution-------I have known people from southeast asia who cannot UNDERSTAND how it happens in American families that a woman is so abandoned by her own family. It is a social issue based on our culture of
INDIVIDUALISM. One of the ladies who was so horrified by this American
phenomenon was a psychiatrist educated as a physician in India and in the US training as a psychiatrist. Her question "how does her mother and sibs IMAGINE she is going to recover if she has to go out----get a job ----and find a place to live and care for her child with NO HELP? No society can care for the
DETRITUS of the social system with BIG SALARIES for -----for viturally no economically viable contribution
My father died when I was eleven years old. My mother raised two children on a widow's pension, and working as a caregiver for the five children of the registered nurse who lived around the corner. I got a paper route so I could have spending money to go to a movie. I was also a single mother of two toddler age children with a deadbeat dad after my first marriage ended. I know all to well how it works.
But your solution is to wring your hands and moan about how grandma and grandpa aren't pulling their weight in poor families, and helping out their kids. That's because grandma and grandpa aren't doing so well either and are probably still working to support themselves. Or worse. Life expectancy in poor neighbourhoods, where access to health care is free clinics and emergency rooms, is on a par with Third World shithole countries. Statistically, minorities receive inferior health care to white Americans and have higher death rates.
And then you have a criminal justice system which criminalizes young non-white males at much higher rates than young white males facing similar charges, sending larger numbers of them to prisons, so both ecoomically and socially, there are good and valid reasons why your Asian model is at best, an unrealistic idea.
Our justice system doesn't sweep people off the street and throw them in prison. If you want to stay out of prison, don't break any laws. Believe it or not, most people (including many minorities) live their life that way.
Don't break laws or become an investment banker.