Home Mail Chat (0) Wallpapers
Go Back   ChiefsPlanet > Big Chief Dave's Place > Washington DC & Vatican City

Reply
 
Thread Tools Display Modes
Old 05-10-2014, 12:03 PM  
Stop, Chiefs Stop, Chiefs is offline
Banned
 
Stop, Chiefs's Avatar
 
Join Date: Nov 2002
Casino cash: $84612
Should the minimum wage be raised to $20/hr?

Seems like that would provided everyone with a comfortable living.

http://www.cepr.net/documents/public...e1-2012-03.pdf

Quote:
Using wages as a benchmark, in 1968 the federal minimum stood at 53 percent of the average production worker earnings. During much of the
1960s, the minimum wage was close to 50 percent of the same wage
benchmark. If the minimum wage were at 50 percent of the production
worker wage in 2012 (again, using CBO projections to produce a full-year
2012 estimate), the federal minimum would be $10.01 per hour.

A final benchmark for the minimum wage is productivity growth. Figure
2 below compares growth in average labor productivity with the real
value of the minimum wage between the late 1940s and the end of the
last decade. Between the end of World War II and 1968, the minimum
wage tracked average productivity growth fairly closely.

Since 1968, however, productivity growth has far outpaced the minimum wage. If the minimum wage had continued to move with average productivity after 1968, it would have reached $21.72 per hour in 2012 – a rate well above the average production worker wage. If minimum-wage workers received only half of the productivity gains over the period, the federal minimum would be $15.34. Even if the minimum wage only grew at one-fourth the rate of productivity, in 2012 it would be set at $12.25.
Posts: 181,015
Stop, Chiefs is obviously part of the inner Circle.Stop, Chiefs is obviously part of the inner Circle.Stop, Chiefs is obviously part of the inner Circle.Stop, Chiefs is obviously part of the inner Circle.Stop, Chiefs is obviously part of the inner Circle.Stop, Chiefs is obviously part of the inner Circle.Stop, Chiefs is obviously part of the inner Circle.Stop, Chiefs is obviously part of the inner Circle.Stop, Chiefs is obviously part of the inner Circle.Stop, Chiefs is obviously part of the inner Circle.Stop, Chiefs is obviously part of the inner Circle.
  Reply With Quote
Old 05-11-2014, 10:02 AM   #31
Bowser Bowser is offline
walking on sunshine
 
Bowser's Avatar
 

Join Date: Jan 2004
Location: Your mom's basement
Casino cash: $31323
Quote:
Originally Posted by Count Zarth View Post
Seems like that would provided everyone with a comfortable living.

http://www.cepr.net/documents/public...e1-2012-03.pdf
Posts: 59,877
Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.
  Reply With Quote
Old 05-12-2014, 08:35 AM   #32
Garcia Bronco Garcia Bronco is offline
No Keys, No Problem
 

Join Date: Sep 2000
Location: Denver
Casino cash: $13236
Here's your main problem with an increase like that....I'm not going to pay the prices with my shopping behavior.

For example...I am not going to pay 12 bucks for a breakfast sandwich.

Last edited by Garcia Bronco; 05-12-2014 at 08:41 AM..
Posts: 23,609
Garcia Bronco is blessed with 50/50 Hindsight.Garcia Bronco is blessed with 50/50 Hindsight.Garcia Bronco is blessed with 50/50 Hindsight.Garcia Bronco is blessed with 50/50 Hindsight.Garcia Bronco is blessed with 50/50 Hindsight.Garcia Bronco is blessed with 50/50 Hindsight.Garcia Bronco is blessed with 50/50 Hindsight.Garcia Bronco is blessed with 50/50 Hindsight.Garcia Bronco is blessed with 50/50 Hindsight.Garcia Bronco is blessed with 50/50 Hindsight.Garcia Bronco is blessed with 50/50 Hindsight.
  Reply With Quote
Old 05-12-2014, 08:51 AM   #33
Halfcan Halfcan is offline
World Champion Royals!
 
Halfcan's Avatar
 

Join Date: Aug 2005
Location: Independence, Missouri
Casino cash: $14163
Instead of $21 per hour lets make it $50. Same difference. All it will do is cut jobs. Small businesses can barely keep employees anyway because of all the Employment Taxes. Add the health care expenses and you would be looking at a massive cutback in available jobs.
Posts: 26,414
Halfcan 's phone was tapped by Scott Pioli.Halfcan 's phone was tapped by Scott Pioli.Halfcan 's phone was tapped by Scott Pioli.Halfcan 's phone was tapped by Scott Pioli.Halfcan 's phone was tapped by Scott Pioli.Halfcan 's phone was tapped by Scott Pioli.Halfcan 's phone was tapped by Scott Pioli.Halfcan 's phone was tapped by Scott Pioli.Halfcan 's phone was tapped by Scott Pioli.Halfcan 's phone was tapped by Scott Pioli.Halfcan 's phone was tapped by Scott Pioli.
  Reply With Quote
Old 05-12-2014, 08:52 AM   #34
Radar Chief Radar Chief is offline
Wearing ballistic dog goggles.
 
Radar Chief's Avatar
 

Join Date: Mar 2001
Location: In the box.
Casino cash: $21603
__________________
Like "Cool Hand" Luke I'm busting rocks.

__/|_/[___]
|/ \\_| ---OllllO
_( ))~-( ))-0--))
Posts: 24,168
Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.
  Reply With Quote
Old 05-12-2014, 08:54 AM   #35
blaise blaise is offline
Gonzo = Sexy Bitch
 

Join Date: Aug 2007
Location: Plano, TX
Casino cash: $4367
Quote:
Originally Posted by Aries Walker View Post
The $20/hour number is thrown around as an illustration, to show how much the middle class's purchasing power has incrementally dropped over the years.

No one's really advocating a $20/hour minimum wage. It's not going to happen.

Rest your sphincters.
I don't know about that. I think Loneiguana would be on board.
Posts: 22,054
blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.
  Reply With Quote
Old 05-12-2014, 09:13 AM   #36
planetdoc planetdoc is offline
Veteran
 

Join Date: Apr 2012
Casino cash: $5965
Quote:
Originally Posted by Count Zarth View Post
Economics Should the minimum wage be raised to $20/hr?
minimum wage should vary depending on the cost of living at a location. The purchasing power of $20 in LA or NY is much different than in the midwest. That being said, there are issues that need to be dealt with far more important than minimum wage.

In a global marketplace, municipalities are not only competing with other countries for buisnesses, but also competing among states and local governments. This ends up being a "race to the bottom" in which municipalities offer tax breaks, easier corporate laws and incentives that amount to corporate welfare.

Americans undermining other Americans with incentivized corporate welfare needs to be addressed. Increasing the minimum wage, only to subsidize that to select employers, just ends up taking money out of one tax payers pocket and sticking it in anothers.
Posts: 2,084
planetdoc has disabled reputation
  Reply With Quote
Old 05-12-2014, 04:37 PM   #37
Loneiguana Loneiguana is offline
MVP
 
Loneiguana's Avatar
 

Join Date: Nov 2012
Location: Jefferson City
Casino cash: $22670
Quote:
Originally Posted by Garcia Bronco View Post
Here's your main problem with an increase like that....I'm not going to pay the prices with my shopping behavior.

For example...I am not going to pay 12 bucks for a breakfast sandwich.
Which is why prices wouldn't skyrocket.

Demand sets the price.
__________________
"Most of us can, as we choose, make of this world either a palace or a prison."
–John Lubbock
Posts: 7,035
Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 05-12-2014, 04:38 PM   #38
Loneiguana Loneiguana is offline
MVP
 
Loneiguana's Avatar
 

Join Date: Nov 2012
Location: Jefferson City
Casino cash: $22670
Quote:
Originally Posted by blaise View Post
I don't know about that. I think Loneiguana would be on board.
20? You use to accuse me of 15. Keeps going up. Sounds like your butthurt hasn't gone away. Have you tried the cream yet?
__________________
"Most of us can, as we choose, make of this world either a palace or a prison."
–John Lubbock
Posts: 7,035
Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 05-12-2014, 04:53 PM   #39
Discuss Thrower Discuss Thrower is offline
"You like to drink?"
 
Discuss Thrower's Avatar
 

Join Date: Jun 2006
Location: "I like to drink."
Casino cash: $42423
By all means, let's hasten the entire collapse of the Western way of life when it becomes more cost-effective to replace 75%-99% of the workforce with AI and robots.
__________________

- credit goes to BoneKrusher for the pic

Chiefs 2016 Opponents:
Home: JAX, TEN, NO, TB, NYJ. Away: HOU, IND, ATL, CAR, PIT
Chiefs 2017 Opponents:
Home: BUF, MIA, PHI, WSH, AFC North. Away: NE, NYJ, NYG, DAL, AFC South
Posts: 19,086
Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.
  Reply With Quote
Old 05-12-2014, 05:02 PM   #40
patteeu patteeu is offline
The 23rd Pillar
 
patteeu's Avatar
 

Join Date: Sep 2002
Casino cash: $19337
If I understand the original post correctly, the case they're making for a minimum wage increase is tied to productivity per worker. What they ignore is that much of that productivity comes from improved technology and infrastructure not better/harder workers. Why should the worker be rewarded for the full improvement in productivity while investors who made that increased technology and infrastructure possible get nothing?

Consider a McDonald's cashier. In the 1960s, a McDonald's cashier had to know how to enter the right price on the cash register for each menu item and had to know how to count change. Today's McDonald's cashier has to know how to hit the button with the right picture on it and hand the customer the change that the machine displays for him. Does today's cashier deserve more than 100% more than his 1960s counterpart?
__________________


“[Cruz] might not be the most fun to have a drink at the bar with, but America needs a designated driver.” - Mica Mosbacher, wife of the late Robert Mosbacher, Secretary of Commerce
Posts: 80,760
patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.
  Reply With Quote
Old 05-12-2014, 05:58 PM   #41
Loneiguana Loneiguana is offline
MVP
 
Loneiguana's Avatar
 

Join Date: Nov 2012
Location: Jefferson City
Casino cash: $22670
Quote:
Originally Posted by Discuss Thrower View Post
By all means, let's hasten the entire collapse of the Western way of life when it becomes more cost-effective to replace 75%-99% of the workforce with AI and robots.
I know this is a current scare tactic by conservative corporate overlords... but it isn't technically feasible yet.

It turns out, it's harder to automate things that require fine motor skills, even if the job can be considered "unskilled," than it is to automate things require more complex thinking.

It's called Moravec's paradox.

http://en.wikipedia.org/wiki/Moravec's_paradox
__________________
"Most of us can, as we choose, make of this world either a palace or a prison."
–John Lubbock
Posts: 7,035
Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 05-12-2014, 06:14 PM   #42
Stop, Chiefs Stop, Chiefs is offline
Banned
 
Stop, Chiefs's Avatar
 

Join Date: Nov 2002
Casino cash: $84612
Oh yeah it's harder to automate things.

Posts: 181,015
Stop, Chiefs is obviously part of the inner Circle.Stop, Chiefs is obviously part of the inner Circle.Stop, Chiefs is obviously part of the inner Circle.Stop, Chiefs is obviously part of the inner Circle.Stop, Chiefs is obviously part of the inner Circle.Stop, Chiefs is obviously part of the inner Circle.Stop, Chiefs is obviously part of the inner Circle.Stop, Chiefs is obviously part of the inner Circle.Stop, Chiefs is obviously part of the inner Circle.Stop, Chiefs is obviously part of the inner Circle.Stop, Chiefs is obviously part of the inner Circle.
  Reply With Quote
Old 05-12-2014, 06:17 PM   #43
suzzer99 suzzer99 is offline
Supporter
 
suzzer99's Avatar
 

Join Date: Jan 2010
Location: LA
Casino cash: $34384
Delicious!
Posts: 11,507
suzzer99 's phone was tapped by Scott Pioli.suzzer99 's phone was tapped by Scott Pioli.suzzer99 's phone was tapped by Scott Pioli.suzzer99 's phone was tapped by Scott Pioli.suzzer99 's phone was tapped by Scott Pioli.suzzer99 's phone was tapped by Scott Pioli.suzzer99 's phone was tapped by Scott Pioli.suzzer99 's phone was tapped by Scott Pioli.suzzer99 's phone was tapped by Scott Pioli.suzzer99 's phone was tapped by Scott Pioli.suzzer99 's phone was tapped by Scott Pioli.
  Reply With Quote
Old 05-12-2014, 06:20 PM   #44
Loneiguana Loneiguana is offline
MVP
 
Loneiguana's Avatar
 

Join Date: Nov 2012
Location: Jefferson City
Casino cash: $22670
Quote:
Originally Posted by patteeu View Post
If I understand the original post correctly, the case they're making for a minimum wage increase is tied to productivity per worker. What they ignore is that much of that productivity comes from improved technology and infrastructure not better/harder workers. Why should the worker be rewarded for the full improvement in productivity while investors who made that increased technology and infrastructure possible get nothing?

Consider a McDonald's cashier. In the 1960s, a McDonald's cashier had to know how to enter the right price on the cash register for each menu item and had to know how to count change. Today's McDonald's cashier has to know how to hit the button with the right picture on it and hand the customer the change that the machine displays for him. Does today's cashier deserve more than 100% more than his 1960s counterpart?
Don’t Blame the Robots
Assessing the Job Polarization Explanation of Growing Wage Inequality

http://www.epi.org/publication/techn...me-the-robots/


Don't Blame Robots For Declining Wages -- Blame Dissolving Unions

http://www.epi.org/publication/techn...me-the-robots/
__________________
"Most of us can, as we choose, make of this world either a palace or a prison."
–John Lubbock
Posts: 7,035
Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 05-12-2014, 06:20 PM   #45
Loneiguana Loneiguana is offline
MVP
 
Loneiguana's Avatar
 

Join Date: Nov 2012
Location: Jefferson City
Casino cash: $22670
Quote:
Originally Posted by Count Zarth View Post
Oh yeah it's harder to automate things.

Do you think robots made those?
__________________
"Most of us can, as we choose, make of this world either a palace or a prison."
–John Lubbock
Posts: 7,035
Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Loneiguana Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 09:38 PM.


This is a test for a client's site.
A new website that shows member-created construction site listings that need fill or have excess fill. Dirt Monkey @ https://DirtMonkey.net
Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2016, vBulletin Solutions, Inc.