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America, Ass, and Children: 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="http://eruhamster.tumblr.com/post/169093714870/thetakubooty-libertarirynn-hst3000" class="tumblr_blog">eruhamster</a>:</p><blockquote> <p><a href="http://thetakubooty.tumblr.com/post/169093033392/libertarirynn-hst3000-libertarirynn-this" class="tumblr_blog">thetakubooty</a>:</p> <blockquote> <p><a href="https://libertarirynn.tumblr.com/post/169092911679/hst3000-libertarirynn-this-is-a-total-load" class="tumblr_blog">libertarirynn</a>:</p> <blockquote> <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> </blockquote> <p>what was their point?</p> </blockquote> <p>Their point was that Bob Cratchit made next to nothing working for Scrooge as it was, and if he got paid more than minimum wage workers today, then we have something very wrong with our society. Which isn’t necessarily wrong.</p> <p>Also <a class="tumblelog" href="https://tmblr.co/mZHrjydhp9oUbxMGBDJA8rw">@libertarirynn</a> you’re really asking why minimum wage is necessary? Of course if everyone paid the same minimum wage, then they wouldn’t get people who cared about their jobs and it’d be harder to find skilled workers– both because existing skilled workers would rather work a minimum wage job where they could do less, and because no one would want to bother to learn trades and skills because they’ll get paid the same shit amount anyway. </p> <p>Minimum wage is necessary to stop people from taking advantage of unskilled labor. Factory work and the like. Do you know what life was like for people before minimum wage was a thing? People were making so little that essentially all they did was work all day, and child labor was popular because the entire family needed to work to make ends meet– mother, father, and children. It was necessary to give people a better standard of living, along with abolishing child labor and making sure people did not end up working 12 hours a day 6, sometimes 7 days a week. Do you not know what Industrial Revolution America was like, before regulations? Child labor, people just asking to ONLY work 40 hours a week, extreme poverty, a lack of regulations that caused tragedies like the fire at the <a href="https://en.wikipedia.org/wiki/Triangle_Shirtwaist_Factory_fire">Triangle Shirtwaist Factory,</a> etc. </p> <p>And before you ask why it’s necessary today now that we’ve long since gotten rid of things like child labor laws… It’s for all the people who lose their jobs or are single mothers and are forced to work multiple part time jobs in order to feed their children, because so many jobs that do not pay minimum wage today require so much experience and a degree. Maybe if employers were less selfish with hiring practices and gave more people jobs when they needed them and made it so only teenagers had to work minimum wage, we’d be alright. But that’s not how the world is.</p> </blockquote> <blockquote><p>Their point was that Bob Cratchit made next to nothing working for Scrooge as it was, and if he got paid more than minimum wage workers today, then we have something very wrong with our society. Which isn’t necessarily wrong.</p></blockquote> Except that it is wrong, because as I just pointed out Bob Crachit was making much, much less than minimum wage. <blockquote><p>Also @libertarirynn you’re really asking why minimum wage is necessary?</p></blockquote> Yep. And if you haven’t heard me do it before you must be new here. <blockquote>Of course if everyone paid the same minimum wage, then they wouldn’t get people who cared about their jobs and it’d be harder to find skilled workers– both because existing skilled workers would rather work a minimum wage job where they could do less, and because no one would want to bother to learn trades and skills because they’ll get paid the same shit amount anyway.</blockquote> Wow I literally don’t know what to say. You pointed out the exact reasons the imposition of a minimum wage is unnecessary. Companies are naturally going to offer more if they think it will give them more skilled workers. <blockquote><p>Minimum wage is necessary to stop people from taking advantage of unskilled labor. Factory work and the like. Do you know what life was like for people before minimum wage was a thing? People were making so little that essentially all they did was work all day, and child labor was popular because the entire family needed to work to make ends meet– mother, father, and children. It was necessary to give people a better standard of living, along with abolishing child labor and making sure people did not end up working 12 hours a day 6, sometimes 7 days a week. Do you not know what Industrial Revolution America was like, before regulations? Child labor, people just asking to ONLY work 40 hours a week, extreme poverty, a lack of regulations that caused tragedies like the fire at the Triangle Shirtwaist Factory, etc.</p></blockquote> Most of that has very little to do with minimum wage, nor is it particularly relevant in modernized industry. <blockquote><p>And before you ask why it’s necessary today now that we’ve long since gotten rid of things like child labor laws… It’s for all the people who lose their jobs or are single mothers and are forced to work multiple part time jobs in order to feed their children, because so many jobs that do not pay minimum wage today require so much experience and a degree. Maybe if employers were less selfish with hiring practices and gave more people jobs when they needed them and made it so only teenagers had to work minimum wage, we’d be alright. But that’s not how the world is.</p></blockquote> We can’t just magically decide to skill is worth more money because of sob stories about single mothers. I know many a single mother who did things like go to night classes to earn a degree or even just learn particular skills to make themselves a valuable employee worth more than minimum wage. And again, most low skill jobs *do* pay above minimum wage, especially to valuable workers. I’ve only been paid minimum wage once in my life, and I’ve worked several low skill jobs. Do you know why this is? Because those jobs are dime a dozen. Wendy’s knows if they pay you just minimum wage and McDonald’s offers you a dollar more, you go work at McDonald’s. Companies being able to set their wages drives competition and therefore wages up. Skill is a commodity to be paid for just like anything else. Flipping burgers simply is not worth $15 an hour and emotional appeals involving child factory workers from 1928 will not change that. I encourage you to check my minimum wage tag for more in-depth information. <a href="https://tmblr.co/mhaiNKeZ_RViwScgQtvf7CQ">@redbloodedamerica</a> <a href="https://tmblr.co/mIiX85InXZ_5gFO1XlH6zKA">@libertybill</a> <a href="https://tmblr.co/m5-xacQqloOb-oZ4F4dhAIA">@libertarian-lady</a>
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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>
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Bernie Sanders, Black Lives Matter, and Family: THAT FACE YOU MAKE WHEN YOUR S15 AN HOURMINIMUM WAGE PROPOSAL GOES FROM "UNREALISTIC" TO A REALITY FOR 60 MILLION AMERICANS IN NEW YORK AND CALIFORNIA The real, inflation-adjusted, value of the federal minimum wage has fallen dramatically over time. The real value of the federal minimum wage peaked in 1968 at 10.85 an hour, 50 percent above the current level. Moreover, since 1968, average U.S. labor productivity has risen by roughly 140 percent. This means that, if the federal minimum wage had risen in step with both inflation and average labor productivity since 1968, the federal minimum wage today would be $26.00 an hour. If a worker today is employed full time for a full 52-week year at a minimum wage job today, she or he is making $15,080. This is 21 percent below the official poverty line for a family of three. Raising the minimum wage to $15 an hour would deliver much needed living standard improvements to 76 million U.S. workers and their families. The average age for these workers is 36 years old and they have been in the labor force for an average of 17 years. Only 6 percent of the workers who would benefit from this minimum wage increase are teenagers; i.e., 94 percent are adults. It's worth noting that there are 810 economists, including 210 who have PhD's in economics, and 7 Nobel Prize Laureate economists, who agree with Bernie Sanders proposals 🇺🇸 ––––––––––––––––––––––––––– 👍🏻 Turn On Post Notifications! 📝 Register To Vote 📢 Raise Awareness For Our Revolution 💰 Donate to Bernie ––––––––––––––––––––––––––– FeelTheBern DemDebate BernieSanders Bernie2016 Hillary2016 GopDebate Obama HillaryClinton President BernieSanders2016 election2016 trump2016 Vegan BlackLivesMatter birdieSanders Vote NewYork California Cali Caucus Primary BernieOrBUST WhichHillary NeverHillary HillaryForPrison ToneDownForWhat Wisconsin –––––––––––––––––––––––––––

The real, inflation-adjusted, value of the federal minimum wage has fallen dramatically over time. The real value of the federal minimum wag...

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America, Ass, and Boo: OKAY TEAM, WE NEED TO REALLY STICK IT To THE MTLLTONATRES AND BTLLIONATRES BY RAİSING THE MINIMUM WAGE, THE QUESTION Is BY UCH I SAY $10.10! $15! HOW ABOUT WE JUST LET PEOPLE KEEP MORE OF THEIR PAYCHECKS <p><a href="http://redbloodedamerica.tumblr.com/post/138542184522/youngbull1985-theswolediaries" class="tumblr_blog">redbloodedamerica</a>:</p> <blockquote><p><a class="tumblr_blog" href="http://youngbull1985.tumblr.com/post/138524134092">youngbull1985</a>:</p> <blockquote> <p><a class="tumblr_blog" href="http://theswolediaries.tumblr.com/post/138211255093">theswolediaries</a>:</p> <blockquote> <p><a class="tumblr_blog" href="http://redbloodedamerica.tumblr.com/post/137922771092">redbloodedamerica</a>:</p> <blockquote> <p><a class="tumblr_blog" href="http://pluck-the-eye-out-a-pyramid.tumblr.com/post/137857947079">pluck-the-eye-out-a-pyramid</a>:</p> <blockquote> <p><a class="tumblr_blog" href="http://redbloodedamerica.tumblr.com/post/137852263115">redbloodedamerica</a>:</p> <blockquote> <p><a class="tumblr_blog" href="http://pluck-the-eye-out-a-pyramid.tumblr.com/post/137836717424">pluck-the-eye-out-a-pyramid</a>:</p> <blockquote> <p><a class="tumblr_blog" href="http://redbloodedamerica.tumblr.com/post/137826478002">redbloodedamerica</a>:</p> <blockquote> <p>(inspired by <a href="http://priceofliberty.tumblr.com/post/96725130728/how-about-instead-of-doubling-the-minimum-wage-we">this post</a> from <a class="tumblelog" href="http://tmblr.co/mHatI31JVhalFx598H9n5kQ">@priceofliberty</a>)</p> </blockquote> <p>More of their paycheck? What fucking paycheck?! The one for $290/week, if they’re working full-time? The one with no benefits? It must be nice to be a smug asshole making enough green to think simply paying less in taxes is a solution to slave wages; because that is what minimum wage is. If it had kept pace with inflation, it would be $21.16/hour. $15/hr. is meeting in the middle. Get a clue.</p> </blockquote> <p>Having actually worked several minimum wage hours when I was younger, I can honestly say I got paid a fair wage for work I was doing.  I of course wanted to earn more so I could spend my money on more stuff, so I worked hard and earned a raise.  Despite this, the government always took out about 17% of my weekly earnings without my permission which did limit my spending each pay period.</p> <p>So, yes, I did understand the solution - I did not want to keep working for minimum wage to receive minimum pay so I worked my way to a higher wage or found new jobs that paid more.  Pretty simple concept.</p> <p>Oh, and the minimum wage <a href="https://tedtheeconomist.wordpress.com/2015/06/17/the-minimum-wage-adjusted-for-inflation-is-biased-propaganda/">has nothing to do with keeping up with inflation</a>, you fool.</p> </blockquote> <p>Yeah, I’ve worked minimum wage jobs myself when I was younger - a number of them. I thought the pay was disgraceful for the amount of labor involved. Luckily, I had plenty of opportunities to earn degrees and find better paying jobs myself. I even started my own business and have been successful enough to provide a middle class lifestyle for my family in a country where that is increasingly harder to accomplish. The difference here is that I understand that I am where I am today because of privilege and circumstances not available to everyone in our country. Yes, I’ve worked my ass off to get where I am. I work hard every week as a teacher, and as the owner of a retail business. But I don’t kid myself into thinking my labor is somehow harder than the single mom working at McDonald’s. I’ve been there. Those jobs suck. I also don’t buy into this false narrative that equates wealth with harder work. If anything, I’ve noticed that the more money people earn, the less work they tend to do, because they usually end up getting others to work for them. People in the wealthiest nation on earth should not put in 40 hours a week for a poverty wage and no benefits that in turn require taxpayers to subsidize them, so they can survive. How can you not see that? How have you bought into this fantasy to the point that you think corporations making obscene profits at the expense of their employees and WE the TAXPAYERS are somehow in the right for fucking us all over, while getting you to bash the hardworking people who make their profits possible?</p> <p>As to your last comment about the minimum wage and inflation - why not? What’s your argument, “fool?” Because not only has minimum wage not kept up with inflation, neither have middle class wages. So, unless you’re in the upper economic echelons, over the past 30 years, you’ve gotten fucked too.</p> </blockquote> <p>&gt; “I even started my own business and have been successful enough to provide a middle class lifestyle for my family in a country where that is increasingly harder to accomplish.” </p> <p>&gt; “<i>Yes, I’ve worked my ass off to get where I am.</i>”<br/></p> <p>&gt; “<i>I also don’t buy into this false narrative that equates wealth with harder work.</i>” </p> <figure class="tmblr-full" data-orig-height="300" data-orig-width="400"><img src="https://78.media.tumblr.com/f5970c9a8fcd35a1f92541c768ca8829/tumblr_inline_o1ftq9L2Cw1r1jtxd_500.gif" data-orig-height="300" data-orig-width="400"/></figure><p>The cognitive dissonance of some progressives must be excruciating.</p> <p>This entire argument boils down to the lousy myth of “privilege”.  “Yes, I worked hard but I luckily had more advantages unlike other people.”  Boo hoo. People are all different.  They start at different places, they have different skills, different qualities, different personalities, different physical characteristics, different lifestyles, different upbringings, different education, etc.  This truth does not permit equal outcomes.  Some people will be successful with what they are given and some will not.  Some people will rise from poverty into wealth and some will fall from affluence into destitution.</p> <p>Therefore, you were successful because you <i>chose</i> to be successful.  It was not because you were more privileged than somebody else; it was because you worked hard.  And everyone has the opportunity to work hard in order to better themselves.  So, when you create policies to theoretically “prop someone up” in order to give them an “equal” advantage, you are not doing anything to change this.  They are ultimately the arbiters of their own destiny.  </p> <p>Minimum wages helps no one.  It is an artificial price floor to distort the market in favor of groups.  That’s why the unions <a href="http://www.forbes.com/sites/carriesheffield/2014/04/29/on-the-historically-racist-motivations-behind-minimum-wage/#3cbee6a11957">originally created it</a> and that’s why they promote it today while also <a href="http://www.economics21.org/commentary/unions-exempt-themselves-minimum-wage-hikes-05-28-2015">exempting themselves from it</a>.  It is because I understand these inconvenient truths that I do not support the minimum wage.  And I find it quite sad that a supposed “business owner” would not understand the concept.  But then again, what would you expect from someone who’s blog tagline is, “<i>The Revolution will not be televised. This is a treatise against the oligarchy. Fuck the rich. Let’s make America a true democracy</i>.”  That’s some edgy teenage socialist lingo right there.</p> <p>And you clearly did not read that article.  Because if you did, you would already know the answer to your question.</p> </blockquote> <p>I used to clean airplanes for $8.00 an hour. Worked hard and got a raise to $8.44. </p> <p>There is no way I would’ve ever expected to earn $15 an hour for doing that. You’ve got to be joking. It was a shitty and exhausting job working in the Phoenix heat, but that doesn’t equate to earning more.</p> </blockquote> <p>Okay quick age check here. I’m 30 and have seen how little the dollar is worth now, 2.15 in 1965 is over 22.50 now, minimum wage is a living wage and until Reaganomics ruined it people weren’t dumb enough to believe the shit your spewing</p> </blockquote> <p>Dear @youngbull1985, </p><p>I hate to break it to you but you are a 30 year-old economic illiterate.  The federal minimum wage in 1965 was $1.25 which is $9.38 in 2015 dollars.  So, you’re not even close and obviously got your progressive talking points messed up somewhere.  </p><p>Furthermore, <a href="https://tedtheeconomist.wordpress.com/2015/06/17/the-minimum-wage-adjusted-for-inflation-is-biased-propaganda/">inflation has nothing to do with wage rates</a>.  That’s just an economic fallacy to begin with.  The progressives just use it anyway to invoke an emotional response from ignorant people that do not understand the math. The same can be said about the meaningless term “living wage.” There is no such thing as a “living wage.”  That term is completely subjective and holds absolutely no real value.</p><p>Do yourself a favor and forget everything you think you know about the minimum wage or “Reaganomics” and pick up an actual history book or take a basic economics class and educate yourself.  Because repeating completely bogus talking points you learned from other idiot progressives online is not helping anyone.  Until then, your vote is cancelling out someone else’s that understands the world better than you.</p></blockquote>
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