Commie Pinko Dirtbag
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Thu Oct-19-06 01:50 PM
Original message |
In which the Author invites people to talk about the minimum wage. |
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Your thoughts about the subject, please.
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LiberalEsto
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Thu Oct-19-06 02:19 PM
Response to Original message |
1. Back in 1968, the minimum wage became $1.60 |
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I was working at a stationery store during the afternoons in my senior year of high school, and that's what I was paid.
That same year, my parents sold their house and bought another middle class home in Wayne, NJ, a commuter suburb of NYC, for $31,500.
If house prices increased at the same rate as the minimum wage, (from $1.60 an hour to $5.15 an hour - or approximately 322%) that house today should sell for just over $100,000. What a laugh! You couldn't buy a shed in Wayne today for that kind of money. Although that house is no longer standing, my guess is that it would sell today for close to $700,000.
The buying power of the minimum wage in 1968 was the highest in its history. Calculated in 2005 dollars, that would come to $9.12 an hour.
I think the numbers speak for themselves. Today's minimum wage is insane. People can't live on it. They can't raise families on it. It behooves our nation to take care of its citizens, not starve them.
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HiFructosePronSyrup
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Thu Oct-19-06 02:22 PM
Response to Original message |
2. If giving tax cuts to the rich helps the economy... |
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then re-tax the rich, and give that money to people making minimum wage.
That will help the economy even more.
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NaturalHigh
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Fri Oct-20-06 01:41 AM
Response to Original message |
3. How can anyone, in good conscience... |
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argue that a raise in the minimum wage is a bad idea when some CEOs are making over $10 million per year?
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DU
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Tue Apr 23rd 2024, 04:18 PM
Response to Original message |