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#1
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OT - minimum wage
Google tells us this:
"The percentage of hourly paid workers earning the prevailing federal minimum wage or less declined from 2.7 percent in 2016 to 2.3 percent in 2017. This remains well below the percentage of 13.4 recorded in 1979, when data were first collected on a regular basis." So, what's all the noise about? |
#2
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OT - minimum wage
On Saturday, February 27, 2021 at 9:24:17 AM UTC-5, Frank wrote:
Google tells us this: "The percentage of hourly paid workers earning the prevailing federal minimum wage or less declined from 2.7 percent in 2016 to 2.3 percent in 2017. This remains well below the percentage of 13.4 recorded in 1979, when data were first collected on a regular basis." So, what's all the noise about? How many people are making a nickel over minimum wage? Or a dollar over minimum wage? Cindy Hamilton |
#3
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OT - minimum wage
On 2/27/2021 9:24 AM, Frank wrote:
Google tells us this: "The percentage of hourly paid workers earning the prevailing federal minimum wage or less declined from 2.7 percent in 2016 to 2.3 percent in 2017. This remains well below the percentage of 13.4 recorded in 1979, when data were first collected on a regular basis." So, what's all the noise about? The noise is mostly for the states still using the federal minimum of $7.25 from 2009 and no adjustment. The reason it changed is that many states saw the problem and did something about it, some better than others. How many workers do you know that would be happy in their job getting the same was they got in 2009? |
#4
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OT - minimum wage
" writes:
On Saturday, February 27, 2021 at 9:24:17 AM UTC-5, Frank wrote: Google tells us this: "The percentage of hourly paid workers earning the prevailing federal minimum wage or less declined from 2.7 percent in 2016 to 2.3 percent in 2017. This remains well below the percentage of 13.4 recorded in 1979, when data were first collected on a regular basis." So, what's all the noise about? How many people are making a nickel over minimum wage? Or a dollar over minimum wage? Or are making minimum wage but only part-time. |
#5
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OT - minimum wage
On Sat, 27 Feb 2021 11:18:51 -0500, Ed Pawlowski wrote:
On 2/27/2021 9:24 AM, Frank wrote: Google tells us this: "The percentage of hourly paid workers earning the prevailing federal minimum wage or less declined from 2.7 percent in 2016 to 2.3 percent in 2017. This remains well below the percentage of 13.4 recorded in 1979, when data were first collected on a regular basis." So, what's all the noise about? The noise is mostly for the states still using the federal minimum of $7.25 from 2009 and no adjustment. The reason it changed is that many states saw the problem and did something about it, some better than others. How many workers do you know that would be happy in their job getting the same was they got in 2009? My pension hasn't gone up since 2009. ****'m. |
#6
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#7
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#9
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OT - minimum wage
wrote in message ... On Sat, 27 Feb 2021 14:11:03 -0500, Ed Pawlowski wrote: On 2/27/2021 1:52 PM, wrote: On Sat, 27 Feb 2021 11:18:51 -0500, Ed Pawlowski wrote: On 2/27/2021 9:24 AM, Frank wrote: Google tells us this: "The percentage of hourly paid workers earning the prevailing federal minimum wage or less declined from 2.7 percent in 2016 to 2.3 percent in 2017. This remains well below the percentage of 13.4 recorded in 1979, when data were first collected on a regular basis." So, what's all the noise about? The noise is mostly for the states still using the federal minimum of $7.25 from 2009 and no adjustment. The reason it changed is that many states saw the problem and did something about it, some better than others. How many workers do you know that would be happy in their job getting the same was they got in 2009? My pension hasn't gone up since 2009. ****'m. Hmmmnm, mine has. So has SS, trivial as it was. SS barely covered the hike in Part B and your pension must be government or union. Not necessarily, they can be invested in what does better than inflation. |
#10
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OT - minimum wage
On Sun, 28 Feb 2021 14:29:35 +1100, "Rod Speed"
wrote: wrote in message .. . On Sat, 27 Feb 2021 14:11:03 -0500, Ed Pawlowski wrote: On 2/27/2021 1:52 PM, wrote: On Sat, 27 Feb 2021 11:18:51 -0500, Ed Pawlowski wrote: On 2/27/2021 9:24 AM, Frank wrote: Google tells us this: "The percentage of hourly paid workers earning the prevailing federal minimum wage or less declined from 2.7 percent in 2016 to 2.3 percent in 2017. This remains well below the percentage of 13.4 recorded in 1979, when data were first collected on a regular basis." So, what's all the noise about? The noise is mostly for the states still using the federal minimum of $7.25 from 2009 and no adjustment. The reason it changed is that many states saw the problem and did something about it, some better than others. How many workers do you know that would be happy in their job getting the same was they got in 2009? My pension hasn't gone up since 2009. ****'m. Hmmmnm, mine has. So has SS, trivial as it was. SS barely covered the hike in Part B and your pension must be government or union. Not necessarily, they can be invested in what does better than inflation. That still does not address your pension. Probably not SS either if we get Carter era inflation. Most investments were not even keeping up. |
#11
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OT - minimum wage
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#12
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OT - minimum wage
wrote in message ... On Sun, 28 Feb 2021 14:29:35 +1100, "Rod Speed" wrote: wrote in message . .. On Sat, 27 Feb 2021 14:11:03 -0500, Ed Pawlowski wrote: On 2/27/2021 1:52 PM, wrote: On Sat, 27 Feb 2021 11:18:51 -0500, Ed Pawlowski wrote: On 2/27/2021 9:24 AM, Frank wrote: Google tells us this: "The percentage of hourly paid workers earning the prevailing federal minimum wage or less declined from 2.7 percent in 2016 to 2.3 percent in 2017. This remains well below the percentage of 13.4 recorded in 1979, when data were first collected on a regular basis." So, what's all the noise about? The noise is mostly for the states still using the federal minimum of $7.25 from 2009 and no adjustment. The reason it changed is that many states saw the problem and did something about it, some better than others. How many workers do you know that would be happy in their job getting the same was they got in 2009? My pension hasn't gone up since 2009. ****'m. Hmmmnm, mine has. So has SS, trivial as it was. SS barely covered the hike in Part B and your pension must be government or union. Not necessarily, they can be invested in what does better than inflation. That still does not address your pension. Corse it does if your pension fund does that and plenty do. Probably not SS either if we get Carter era inflation. Unlikely any time soon. Most investments were not even keeping up. BULL****. |
#13
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OT - minimum wage
Ralph Mowery wrote
wrote How many workers do you know that would be happy in their job getting the same was they got in 2009? My pension hasn't gone up since 2009. ****'m. Hmmmnm, mine has. So has SS, trivial as it was. SS barely covered the hike in Part B and your pension must be government or union. From what little I know about pensions, many from companies do not go up after you start them. Mine does not go up from the starting ammount. With plenty the amount you get varys with how the pension fund investments do and it isnt hard to do better than inflation. Maybe some of the government ones do ? The SS has not kept up at all with the cost of living. Depends on how you measure the cost of living. Each year they change the rules as to what they use to compute the cost of living. Just glad I put a fair ammount in the 401k type retirement. Many companies do not even have pensons. This past year my IRA made as much as I would have made before taxes in over 2 working years. Had my SS money gone in to the same IRA plan I would get about twice as much as the SS pays. |
#14
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More Heavy Trolling by Senile Nym-Shifting Rodent Speed!
On Sun, 28 Feb 2021 15:42:14 +1100, cantankerous trolling geezer Rodent
Speed, the auto-contradicting senile sociopath, blabbered, again: FLUSH the trolling senile sicko's latest troll**** unread -- Norman Wells addressing trolling senile Rodent: "Ah, the voice of scum speaks." MID: |
#15
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OT - minimum wage
On Sat, 27 Feb 2021 23:16:32 -0500, Ralph Mowery
wrote: In article , says... How many workers do you know that would be happy in their job getting the same was they got in 2009? My pension hasn't gone up since 2009. ****'m. Hmmmnm, mine has. So has SS, trivial as it was. SS barely covered the hike in Part B and your pension must be government or union. From what little I know about pensions, many from companies do not go up after you start them. Mine does not go up from the starting ammount. Maybe some of the government ones do ? The SS has not kept up at all with the cost of living. Each year they change the rules as to what they use to compute the cost of living. Just glad I put a fair ammount in the 401k type retirement. Many companies do not even have pensons. This past year my IRA made as much as I would have made before taxes in over 2 working years. Had my SS money gone in to the same IRA plan I would get about twice as much as the SS pays. Pensions from companies are generally going to be a fixed annuity. They make a one time pay out to a financial institution. Back in the olden days a company doing well might throw more money in the pot and raise the value of the annuity but that is not likely these days. If anything they will raid the pension fund and reduce it to the minimum required by ERISA. Public service unions will add COLAs to their contracts and that is one reason why so many big cities are going broke. They have underfunded or unfunded pension plans. Regular unions used to see regular COLA adjustments but my FIL says UAW is lagging behind in that. My pension check is about the same as his, we were making the same kind of money and he worked there 10 years longer than me. |
#16
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OT - minimum wage
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#17
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OT - minimum wage
On Sun, 28 Feb 2021 10:22:14 -0500, Ralph Mowery
wrote: In article , says... Pensions from companies are generally going to be a fixed annuity. They make a one time pay out to a financial institution. Back in the olden days a company doing well might throw more money in the pot and raise the value of the annuity but that is not likely these days. If anything they will raid the pension fund and reduce it to the minimum required by ERISA. The company I worked for has changed owners several times. The first one had a pension fund of about 2 times the required or needed money. They raided that money to make the company more attractive to buyers, or else the buyers took that extra money. Hard to remember what they did about 30 years ago other than I remember a TV special on a show like 60 minutes showing how they raided that money. One thing I seem to remember is the pension funds are somehow connected to a sort of insurance thing where if the pension fund or company funding it goes under, then you still get a guaranteed pension, but it may be less than what you were getting. PBGC will match your core benefit but that will not include anything but the pension itself. No other benefits COLAs or other things you might get are covered. I also understand if you retired early and got a full pension, they might recalculate your benefit using the original formula and that will might much less. In my case the pension is actually a paid up annuity so the failure would have to be Fidelity. We already know the meager amount they throw at my health care is at risk with nothing more than a vote from the board. It is less than $4k a year so I would survive. |
#18
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OT - minimum wage
On Sat, 27 Feb 2021 23:16:32 -0500, Ralph Mowery
wrote: In article , says... How many workers do you know that would be happy in their job getting the same was they got in 2009? My pension hasn't gone up since 2009. ****'m. Hmmmnm, mine has. So has SS, trivial as it was. SS barely covered the hike in Part B and your pension must be government or union. From what little I know about pensions, many from companies do not go up after you start them. Mine does not go up from the starting ammount. "defined benetit" pensions fo not change. Indexed pensions change. Defined benefit pensions are also known as final salary pensions - you get a percentage of your last year's salary depending on how many years you have "invested" Maybe some of the government ones do ? Don't know about states bat all Candian government pensions - federal or provincial, are "indexed". Never had a "work" pension but did manage to squirrel away a "small" nestegg. It is possible for a couple to live on government pension if both worked and contributed for a reasonable length of time at a reasonable income rate and you own your home free and clear.. We don't live high, but we manage The SS has not kept up at all with the cost of living. Each year they change the rules as to what they use to compute the cost of living. Just glad I put a fair ammount in the 401k type retirement. Many companies do not even have pensons. This past year my IRA made as much as I would have made before taxes in over 2 working years. Had my SS money gone in to the same IRA plan I would get about twice as much as the SS pays. |
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