danielpalos
Diamond Member
- Banned
- #81
good thing, past performance is no guarantee of future performance, for capitalists.-------------------------------------------------------------- fair is fair , I wish you well , lets see what President Trump can do Chaos !!why does the right wing believe higher wages will be bad for our economy?
Because if you know anything about economics, if you artificially increase the cost of labor for a business, they will have to raise prices of their goods and services to compensate. So unless you want a 10 dollar hamburger, you keep wages reasonable.
7.25 hour, which very few people make very long at all, comes out to almost 15,000 a year. I own a 3 bedroom brick home on an acre of land, a boat, 4 vehicles and a 4 wheeler. I am paying a mortgage and car insurance, all of my cars are old so no car notes, and I can live on 12,000 a year no problem at all. In fact, 11K a year is quite doable. So even on minimum wage, one can do quite well.
They don't need to be paid more for doing menial work, they need to gain work experience and move up the corporate ladder and be paid more because they are WORTH more, not just because some bleeding heart liberal wants them to make more than they are worth. I started working, with a bachelors degree, at the local airport hauling around a 3 inch fuel hose pumping jet fuel into airplanes for 6.25/hr in the middle of the night. If I can start there, a high school dropout can too. That poor paying job got my foot in the door in the working world and at the airport, where I met a bunch of people and started making connections. Those connections got me a job at the same airport, managing a corporate jet hangar, for 3 times as much. It was that low paying job that got me meeting these very rich corporate folks, who saw that I did a great job even when making poor money, so they figured I would do great being paid alot more. And I did.
I needed a high security clearance to make 6.25 an hour, as well.
Wages have not increased with the cost of living and inflation but that has more to do with outsourcing our industrial base for cheap labor and replacing them with low paying service sector jobs, but the fact remains my generation has gotten fucked over and out for the prosperity experienced by baby boomers, hopefully Trump will change the course which both parties have been taking this country since the 80s.