Min Wage versus Cost of Living 1970 to 2018

Would You Support a Consumer Panel to Protect the Comumer against Aggressive Cost of Living?


  • Total voters
    13
Markle, excerpted from your thread, “What is the average household income where one worker earns the minimum wage?”:
Markle, the article and link ToddsterPatriot provided,
Typical Minimum-Wage Earners Aren’t Poor, But They’re Not Quite Middle Class
is attributed to Ben Casselman; refer to: Ben Casselman .
Ben Casselman is a senior editor and the chief economics writer for FiveThirtyEight. He wrote about the economy for The Wall Street Journal.

Participants in discussions, thoughtlessly or with innocently ignorant, may limit their remarks to only to only those employees earning the precise, $7.25 per hour minimum rate, rather than to some lowest bracket or percentile of wage rates. (Due to the practices of wage differentials, the minimum rate likely affects 40 percentiles of U.S. employees earning the lowest wage rates, to extents ranging from critical to substantial).

How many, or what percentile of U.S. employees earn precisely $7.25 per hour is of no consequences; numbers or percentiles of employees earning the lowest 10, or 20, or 40 percentile are of substantial affects upon our costs of public assistance, median wage, and aggregate standards of living. …
Respectfully, Supposn
 
Markle, excerpted from your thread, “What is the average household income where one worker earns the minimum wage?”:
Markle, the article and link ToddsterPatriot provided,
Typical Minimum-Wage Earners Aren’t Poor, But They’re Not Quite Middle Class
is attributed to Ben Casselman; refer to: Ben Casselman .
Ben Casselman is a senior editor and the chief economics writer for FiveThirtyEight. He wrote about the economy for The Wall Street Journal.

Participants in discussions, thoughtlessly or with innocently ignorant, may limit their remarks to only to only those employees earning the precise, $7.25 per hour minimum rate, rather than to some lowest bracket or percentile of wage rates. (Due to the practices of wage differentials, the minimum rate likely affects 40 percentiles of U.S. employees earning the lowest wage rates, to extents ranging from critical to substantial).

How many, or what percentile of U.S. employees earn precisely $7.25 per hour is of no consequences; numbers or percentiles of employees earning the lowest 10, or 20, or 40 percentile are of substantial affects upon our costs of public assistance, median wage, and aggregate standards of living. …
Respectfully, Supposn

The question remains the same.

“What is the average household income where one worker earns the minimum wage?”
 
Markle, the article and link ToddsterPatriot provided, Typical Minimum-Wage Earners Aren’t Poor, But They’re Not Quite Middle Class is attributed to Ben Casselman; refer to: Ben Casselman .
Ben Casselman is a senior editor and the chief economics writer for FiveThirtyEight. He wrote about the economy for The Wall Street Journal.

Participants in discussions, thoughtlessly or with innocently ignorant, may limit their remarks to only to only those employees earning the precise, $7.25 per hour minimum rate, rather than to some lowest bracket or percentile of wage rates. (Due to the practices of wage differentials, the minimum rate likely affects 40 percentiles of U.S. employees earning the lowest wage rates, to extents ranging from critical to substantial).

How many, or what percentile of U.S. employees earn precisely $7.25 per hour is of no consequences; numbers or percentiles of employees earning the lowest 10, or 20, or 40 percentile are of substantial affects upon our costs of public assistance, median wage, and aggregate standards of living. …
The question remains the same.
Markle, because how many, or what percentile of U.S. employees earn precisely $7.25 per hour is of no consequences, your question and its answer is inconsequential. Respectfully, Supposn
 
Markle, the article and link ToddsterPatriot provided, Typical Minimum-Wage Earners Aren’t Poor, But They’re Not Quite Middle Class is attributed to Ben Casselman; refer to: Ben Casselman .
Ben Casselman is a senior editor and the chief economics writer for FiveThirtyEight. He wrote about the economy for The Wall Street Journal.

Participants in discussions, thoughtlessly or with innocently ignorant, may limit their remarks to only to only those employees earning the precise, $7.25 per hour minimum rate, rather than to some lowest bracket or percentile of wage rates. (Due to the practices of wage differentials, the minimum rate likely affects 40 percentiles of U.S. employees earning the lowest wage rates, to extents ranging from critical to substantial).

How many, or what percentile of U.S. employees earn precisely $7.25 per hour is of no consequences; numbers or percentiles of employees earning the lowest 10, or 20, or 40 percentile are of substantial affects upon our costs of public assistance, median wage, and aggregate standards of living. …
The question remains the same.
Markle, because how many, or what percentile of U.S. employees earn precisely $7.25 per hour is of no consequences, your question and its answer is inconsequential. Respectfully, Supposn

It is extremely consequential. The point as you know is that the vast majority of people earning minimum wage are kids, living at home, as a first part time job.

My first "real" job was as a bagboy for below minimum wage. $0.85 per hour, plus tips. It never entered my mind that I should be able to support a family on that pay. Granted we made 8 to 10 times that or more in tips.

Federal minimum wage should be zero.
 
Markle, the article and link ToddsterPatriot provided, Typical Minimum-Wage Earners Aren’t Poor, But They’re Not Quite Middle Class is attributed to Ben Casselman; refer to: Ben Casselman .
Ben Casselman is a senior editor and the chief economics writer for FiveThirtyEight. He wrote about the economy for The Wall Street Journal.

Participants in discussions, thoughtlessly or with innocently ignorant, may limit their remarks to only to only those employees earning the precise, $7.25 per hour minimum rate, rather than to some lowest bracket or percentile of wage rates. (Due to the practices of wage differentials, the minimum rate likely affects 40 percentiles of U.S. employees earning the lowest wage rates, to extents ranging from critical to substantial).

How many, or what percentile of U.S. employees earn precisely $7.25 per hour is of no consequences; numbers or percentiles of employees earning the lowest 10, or 20, or 40 percentile are of substantial affects upon our costs of public assistance, median wage, and aggregate standards of living. …
The question remains the same.
Markle, because how many, or what percentile of U.S. employees earn precisely $7.25 per hour is of no consequences, your question and its answer is inconsequential. Respectfully, Supposn

It is extremely consequential. The point as you know is that the vast majority of people earning minimum wage are kids, living at home, as a first part time job.

My first "real" job was as a bagboy for below minimum wage. $0.85 per hour, plus tips. It never entered my mind that I should be able to support a family on that pay. Granted we made 8 to 10 times that or more in tips.

Federal minimum wage should be zero.

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Characteristics of minimum wage workers, 2018
characteristics-of-minimum-wage-workers-2018.png

In 2018, 81.9 million workers age 16 and older in the United States were paid at hourly rates, representing 58.5 percent of all wage and salary workers. Among those paid by the hour, 434,000 workers earned exactly the prevailing federal minimum wage of $7.25 per hour. About 1.3 million had wages below the federal minimum. Together, these 1.7 million workers with wages at or below the federal minimum made up 2.1 percent of all hourly paid workers.

Characteristics of minimum wage workers, 2018 : BLS Reports: U.S. Bureau of Labor Statistics


The bottom 2.1% of earners......it's obviously an emergency. Our economy depends on making sure the poorest workers can raise a family and buy a home, with little or no skills.

Of course booting millions of low skilled illegals would actually help low-skilled Americans.
I wonder if he's in favor of that action?
 
Advocating a Federal minimum wage is just off the rails. It makes no sense, whatsoever. A Federal minimum wage is saying that the cost of living in Gainesville Florida is the same as in New York City and Los Angeles California.

If a city or state wish to hang that albatross around their own neck, that's up to them.
 
It is extremely consequential. The point as you know is that the vast majority of people earning minimum wage are kids, living at home, as a first part time job. …
Markle, excerpted from your thread, “What is the average household income where one worker earns the minimum wage?”:
Markle, … Participants in discussions, thoughtlessly or with innocently ignorant, may limit their remarks to only to only those employees earning the precise, $7.25 per hour minimum rate, rather than to some lowest bracket or percentile of wage rates. (Due to the practices of wage differentials, the minimum rate likely affects 40 percentiles of U.S. employees earning the lowest wage rates, to extents ranging from critical to substantial).

How many, or what percentile of U.S. employees earn precisely $7.25 per hour is of no consequences; numbers or percentiles of employees earning the lowest 10, or 20, or 40 percentile are of substantial affects upon our costs of public assistance, median wage, and aggregate standards of living. …
Markle, a single digit percentage of USA employees are "extremely consequential", but 10, or 20, or 40 percent of USA employees are less consequential?
Respectfully, Supposn
 
… My first "real" job was as a bagboy for below minimum wage. $0.85 per hour, plus tips. It never entered my mind that I should be able to support a family on that pay. Granted we made 8 to 10 times that or more in tips.

Federal minimum wage should be zero.
Markle, I’m among those that advocate it be gradually increased until it reaches a 125% of its Febuary-1968 purchasing power and thereafter be annually monitored and (if required), adjusted to retain that targeted purchasing power.
Until the federal minimum rate is changed, or repealed, or deemed by the U.S. Supreme Court to be unconstitutional, we and others such as you who' are opposed to the current federal minimum rate must abide by the current federal minimum rate of $7.25 per hour, as determined by a U.S. Congress and president.

Respectfully, Supposn
 
Advocating a Federal minimum wage is just off the rails. It makes no sense, whatsoever. A Federal minimum wage is saying that the cost of living in Gainesville Florida is the same as in New York City and Los Angeles California.

If a city or state wish to hang that albatross around their own neck, that's up to them.
Markle, local political jurisdictions’ and/or their states’ economies can and often do net benefit from higher wage rate states, but lower wage states are economically of some net detriment to U.S. higher wage states. This is particularly the case between adjoining states.

The federal minimum rate is not a the uniformly effective minimum rate throughout USA’s 50 states, but they are not permitted to undermine the federal mineral rate with a lesser rate; it’s not as its opponents claim, “one rate to fit all”.
 
… My first "real" job was as a bagboy for below minimum wage. $0.85 per hour, plus tips. It never entered my mind that I should be able to support a family on that pay. Granted we made 8 to 10 times that or more in tips.

Federal minimum wage should be zero.
Markle, I’m among those that advocate it be gradually increased until it reaches a 125% of its Febuary-1968 purchasing power and thereafter be annually monitored and (if required), adjusted to retain that targeted purchasing power.
Until the federal minimum rate is changed, or repealed, or deemed by the U.S. Supreme Court to be unconstitutional, we and others such as you who' are opposed to the current federal minimum rate must abide by the current federal minimum rate of $7.25 per hour, as determined by a U.S. Congress and president.

Respectfully, Supposn

I’m among those that advocate it be gradually increased until it reaches a 125% of its Febuary-1968 purchasing power

That's a stupid idea.
 
It is extremely consequential. The point as you know is that the vast majority of people earning minimum wage are kids, living at home, as a first part time job. …
Markle, excerpted from your thread, “What is the average household income where one worker earns the minimum wage?”:
Markle, … Participants in discussions, thoughtlessly or with innocently ignorant, may limit their remarks to only to only those employees earning the precise, $7.25 per hour minimum rate, rather than to some lowest bracket or percentile of wage rates. (Due to the practices of wage differentials, the minimum rate likely affects 40 percentiles of U.S. employees earning the lowest wage rates, to extents ranging from critical to substantial).

How many, or what percentile of U.S. employees earn precisely $7.25 per hour is of no consequences; numbers or percentiles of employees earning the lowest 10, or 20, or 40 percentile are of substantial affects upon our costs of public assistance, median wage, and aggregate standards of living. …
Markle, a single digit percentage of USA employees are "extremely consequential", but 10, or 20, or 40 percent of USA employees are less consequential?
Respectfully, Supposn

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