Political Ramblings

[rufus]

I see George Soros is pushing for big demonstrations at Wally World stores for this Friday. This could be explosive. It might be a good time to stay home.

 

[RHRanch]

It would seem then the answer is to raise the minimum wage to above the poverty level. then there would be no excuse or ned for welfare and the poor would go away.

When you raise the minimum wage, the cost of living goes up along with the costs of goods and services, so raising the minimum wage really doesn't solve anything.

 

[Goose and Fig]

BUT- the cost of living has gone up, even though minimum wage has not. How fair is THAT?




(yes these are California prices, but its just an example)

And I don't know if anybody saw the article about walmarts' pay policies that came out the other day, but the biggest increase an hourly employee can get in a year is 60 cents. That is best-case-scenario.

 

[rufus]

Do you suppose that those price increases have something to do with all of the money that has been pumped out by the Fed and the Treasury?

 

[RHRanch]

BUT- the cost of living has gone up, even though minimum wage has not. How fair is THAT?




(yes these are California prices, but its just an example)

And I don't know if anybody saw the article about walmarts' pay policies that came out the other day, but the biggest increase an hourly employee can get in a year is 60 cents. That is best-case-scenario.

I literally got a 9 cent raise at one of my first jobs. I thought they were kidding at first.

 

[hemet dennis]

BUT- the cost of living has gone up, even though minimum wage has not. How fair is THAT?




(yes these are California prices, but its just an example)

And I don't know if anybody saw the article about walmarts' pay policies that came out the other day, but the biggest increase an hourly employee can get in a year is 60 cents. That is best-case-scenario.

Well I'm in Calif. and the prices for renting and buying a home have gone down.

 

[ChickensRDinos]

Buying has gone down but where I am renting has not.

 

[Goose and Fig]

Rent has certainly not gone down here either. I guess CA is probably a bad example as it is a huge crazy economy of its own. So here it is simplified:

Increase in real value of the minimum wage since 1990: 21%

Increase in cost of living since 1990: 67%
One year's earnings at the minimum wage:$15,080
Income required for a single worker to have real economic security: $30,000​

 

[hemet dennis]

Rent has certainly not gone down here either. I guess CA is probably a bad example as it is a huge crazy economy of its own. So here it is simplified:

Increase in real value of the minimum wage since 1990: 21%

Increase in cost of living since 1990: 67%
One year's earnings at the minimum wage:$15,080
Income required for a single worker to have real economic security: $30,000
​

​

According to who ? The price of somethings has gone down.

 

[rufus]

The inflation we have seen is nothing in comparison to what we will be seeing.