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HomerRamone

(1,112 posts)
Mon Apr 28, 2014, 05:38 PM Apr 2014

How do you live on $50 a week, or for that matter, $270 a week? [View all]

http://www.smirkingchimp.com/thread/tom-engelhardt/55556/tomgram-peter-van-buren-im-a-whistleblower-want-fries-with-that

It’s time to forget the up-by-the-bootstraps fantasies of conservative economists bleating on Fox. If any of it was ever true, it's certainly not true anymore. There is no ladder up, no promotion path in the minimum-wage world. You can’t work “harder” because your hours are capped, and all the jobs are broken into little pieces anyone could do anyway. Minimum wage is what you get; there are no real raises. I don't know where all the assistant managers came from, but not from among us.

<...>

To the president I say, yes, please, do raise the minimum wage. But how far is nine bucks an hour going to go? Are so many of us destined to do five hours of labor for the cell phone bill, another 12 for the groceries each week, and 20 or 30 for a car payment? How many hours are we going to work? How many can we work?

Nobody can make a real living doing these jobs. You can't raise a family on minimum wage, not in the way Americans once defined raising a family when our country emerged from World War II so fat and happy. And you can't build a nation on vast armies of working poor with nowhere to go. The president is right that it’s time for a change, but what’s needed is far more than a minimalist nudge to the minimum wage. Maybe what we need is to spend more on education and less on war, even out the tax laws and rules just a bit, require a standard living wage instead of a minimum one. Some sort of rebalancing. Those aren't answers to everything, but they might be a start.

People who work deserve to be paid, but McDonald’s CEO Donald Thompson last year took home $13.7 million in salary, with perks to go. If one of his fry cooks put in 30 hours a week, she'd take in a bit more than $10,000 a year -- before taxes of course. There is indeed a redistribution of wealth taking place in America, and it’s all moving upstream.
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True shenmue Apr 2014 #1
I've said this a couple of times. Rod Beauvex Apr 2014 #2
What it will do though is double or triple the amount of minimum wage earners. Bandit Apr 2014 #4
So should we raise the minimum wage? MattBaggins Apr 2014 #5
The reason why they are paying 150% of minimum wage is to attract better employees Major Nikon Apr 2014 #6
Most small businesses do not make huge profits Bandit Apr 2014 #12
The idea you are promoting is libertarian nonsense that has no basis in sound macro economics Major Nikon Apr 2014 #13
Historically, raising the minimum wage always results in massive job loss. Orrex Apr 2014 #20
You obviously have never run a business Bandit Apr 2014 #23
You should go out of business if you pay your employees shit wages when everyone else is paying more Major Nikon Apr 2014 #24
$10.10 by 2016 is a cynical, election-year PR move coming from an administration woo me with science Apr 2014 #31
In addition, 84% of McDonald's workers report wage theft Warpy Apr 2014 #3
This is a reality, this is the amount many single mothers makes and it requires them Thinkingabout Apr 2014 #7
smirkingchimp - website from the past - Haven't been there for years Liberal_in_LA Apr 2014 #8
I still go there every day HomerRamone Apr 2014 #9
Minimum wage is only a small part of the problem. llmart Apr 2014 #10
Unions should be a big part of the solution, but there should also be more governmental regulation Major Nikon Apr 2014 #16
Unions, a living wage, regulations, and affordable housing and healthcare... LanternWaste Apr 2014 #30
Rather than a living wage I would prefer a stronger minimum wage and virtually universal unions Major Nikon Apr 2014 #32
13.7 million? wow RobertEarl Apr 2014 #11
Trickle down was always a euphemism for flood-up economics.. ananda Apr 2014 #14
It was never anything more than a Trojan horse for tax cuts to the rich Major Nikon Apr 2014 #15
I remember azmom Apr 2014 #22
The actual story is absolutely freaking hilarious Major Nikon Apr 2014 #25
Wow azmom Apr 2014 #26
The only thing that trickles down is warm, wet, and yellow. hobbit709 Apr 2014 #18
These fools should be setting aside $500 each month for retirement Orrex Apr 2014 #17
That crossed my mind as well. Skidmore Apr 2014 #19
A thousand . . . A THOUSAND. HughBeaumont Apr 2014 #21
INDEX IT + A MAXIMUM WAGE for CEOs! pansypoo53219 Apr 2014 #27
a maximum wage is a fundamentally flawed concept Motown_Johnny Apr 2014 #28
K&R. woo me with science Apr 2014 #29
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