Ass, Christmas, and Definitely: Amy Renee Wasney
 Monday at 9:31 PM
 While watching A Christmas Carol tonight, my
 attention was caught by Bob Cratchit's salary. He
 makes "15 bob a week." I got curious and looked into
 inflation and conversion to American money, and if A
 Christmas Carol happened this year, Bob Cratchit
 would be making $27,574 per year in American money.
 If someone works 40 hours a week at the current
 federal minimum wage, they'll make $15,080.
 So Bob Cratchit, the epitome of poverty, makes
 $12,494 more than minimum wage workers (full time)
 each year.
 And yet we have people saying minimum wage is fine
 where it's at.
<p><a href="https://hst3000.tumblr.com/post/169092756302/libertarirynn-this-is-a-total-load-from-beginning" class="tumblr_blog">hst3000</a>:</p>

<blockquote><p><a href="https://libertarirynn.tumblr.com/post/169092461069/this-is-a-total-load-from-beginning-to-end-first" class="tumblr_blog">libertarirynn</a>:</p><blockquote><p>This is a total load from beginning to end. First off I’m curious where you did your research because mine showed that Cratchit made about $90 a week or $4,680 a year in today’s money. That’s not even close to your number. Secondly, if minimum wage is so necessary to prevent employers from exploiting their workers, then why don’t all companies pay minimum wage?</p></blockquote>
<p>A minor point on the conversion. Christmas Carol is far enough back that inflation calculations can get a bit hairy. Some things have been reduced in price dramatically due to automation and industrialization, while others have gotten way more expensive due to (funnily enough) rising labor costs. There’s about five different ways to calculate conversion, and none if them are broadly applicable to global statements.</p></blockquote>

<p>Oh definitely. Even in my calculations it wasn’t too clean-cut. Plus the modern English shilling is not the same as the shilling in 1843. I don’t want to sound like a cynic and suggest that this person just pulled a random number out of their ass without caring whether not it was accurate because they wanted to make a point but…</p>

hst3000:

libertarirynn:

This is a total load from beginning to end. First off I’m curious where you did your research because mine showed that Cratchit made about $90 a week or $4,680 a year in today’s money. That’s not even close to your number. Secondly, if minimum wage is so necessary to prevent employers from exploiting their workers, then why don’t all companies pay minimum wage?

A minor point on the conversion. Christmas Carol is far enough back that inflation calculations can get a bit hairy. Some things have been reduced in price dramatically due to automation and industrialization, while others have gotten way more expensive due to (funnily enough) rising labor costs. There’s about five different ways to calculate conversion, and none if them are broadly applicable to global statements.

Oh definitely. Even in my calculations it wasn’t too clean-cut. Plus the modern English shilling is not the same as the shilling in 1843. I don’t want to sound like a cynic and suggest that this person just pulled a random number out of their ass without caring whether not it was accurate because they wanted to make a point but…

Amy Renee Wasney Monday at 931 PM While watching A Christmas Carol tonight my attention was caught by Bob Cratchit's salary He makes 15 bob a week I got curious and looked into inflation and conversion to American money and if A Christmas Carol happened this year Bob Cratchit would be making $27574 per year in American money If someone works 40 hours a week at the current federal minimum wage they'll make $15080 So Bob Cratchit the epitome of poverty makes $12494 more than minimum wage workers full time each year And yet we have people saying minimum wage is fine where it's at <p><a href=httpshst3000tumblrcompost169092756302libertarirynn-this-is-a-total-load-from-beginning class=tumblr_blog>hst3000<a><p> <blockquote><p><a href=httpslibertarirynntumblrcompost169092461069this-is-a-total-load-from-beginning-to-end-first class=tumblr_blog>libertarirynn<a><p><blockquote><p>This is a total load from beginning to end First off I’m curious where you did your research because mine showed that Cratchit made about $90 a week or $4680 a year in today’s money That’s not even close to your number Secondly if minimum wage is so necessary to prevent employers from exploiting their workers then why don’t all companies pay minimum wage?<p><blockquote> <p>A minor point on the conversion Christmas Carol is far enough back that inflation calculations can get a bit hairy Some things have been reduced in price dramatically due to automation and industrialization while others have gotten way more expensive due to funnily enough rising labor costs There’s about five different ways to calculate conversion and none if them are broadly applicable to global statements<p><blockquote> <p>Oh definitely Even in my calculations it wasn’t too clean-cut Plus the modern English shilling is not the same as the shilling in 1843 I don’t want to sound like a cynic and suggest that this person just pulled a random number out of their ass without caring whether not it was accurate because they wanted to make a point but…<p> Meme

found @ 34 likes ON 2018-05-26 04:15:48 BY ME.ME

source: tumblr