On Sat, 27 Feb 2021 15:19:29 -0500, Heywood wrote:

On 2/27/2021 12:54 PM, wrote:
On Sat, 27 Feb 2021 06:51:59 -0800 (PST), "
wrote:

On Saturday, February 27, 2021 at 9:45:06 AM UTC-5, Wade Garrett wrote:
On 2/26/21 9:51 AM, wrote:
On Friday, February 26, 2021 at 9:43:15 AM UTC-5, Wade Garrett wrote:
On 2/26/21 9:27 AM, wrote:
On 2/26/21 9:01 AM, micky wrote:
OT Why $7.50 is enough

https://www.independent.co.uk/news/w...-b1807595.html


"Republican Senator John Thune has rejected an effort from congressional
Democrats to raise the federal minimum wage from $7.25 an hour to $15,
pointing to his $6 or less hourly wages that he earned working at a
restaurant as a €œkid€�."


Thune graduated from Jones County High School in Murdo, South Dakota in
1979, when a $6 hourly wage €“ adjusted to modern inflation rates €“ would
amount to roughly $23 in 2021 dollars.

But he thinks, or he wants you to think, that if he got by on $6 or
less, people 41 years later should get by on 7.50.

If you don't want minimum wage, don't have minimum skills.

Are you aware that there are people who, no matter how hard they try,
will never have more than minimum skills? The retarded bagger at the
grocery store, for example.

Next you'll be bitching that those minimal-skills people are getting
food stamps because they can't afford to live on minimum wage.

Try not to trip as you step across their dead bodies in the streets.

Cindy Hamilton

Here's the thing Cindy: Every barrel has a top, a middle and a bottom.

I know that.

My guess is your rose-colored glasses prevent you from seeing that
bottom and accepting that every barrel has one.

Nope, I can accept that. But I'd rather see the bottom of the barrel
paid enough for their labor to live on, rather than sucking at the
public teat. Apparently you like to see your tax dollars pay for
Welfare.

Cindy Hamilton

As Clare pointed out, a high minimum wage just makes a shorter barrel.
The top wage will be slow to move as the bottom wage starts catching
up to it. Unless the market can tolerate higher prices the total cost
of labor has to be pretty static. If prices rise, it eats into that
gain you got from the wage hike.


But you have to maintain some balance. If you look at CEO wage gains
they are far ahead of any other segment in the workplace. Sure, they
deserve a good wage but should the underlings have to rely on government
subsidies to feed themselves?

I don't think the law should put a maximum wage, but it is like ethics
is gone in some places when top end is getting 7 figures and bottom end
is getting Federal minimum.

You won't get an argument from me about abusive CEO pay but the board
decides that and it is usually based on stock performance. That
trickles down to the stock holders so they don't gripe. When the stock
tanks like IBM did Ginny gets to spend more time with her family.
Unfortunately a couple years too late and with too good a separation
package. That still has little to do with what they pay the low end
employee. For any corporation with a millionaire CEO, they will
usually be paying more than minimum wage tho.
I suspect most minimum wagers are working for a small business that is
barely afloat themselves, particularly now.