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I calculated based on minimum wage 30 years ago and cost of living
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[quote:Anonymous Coward 22853044:MV81MTY2MDU3Xzk0OTA4MzcwX0Y2RUE3N0Iz] [quote:Say no to Minimum Wage! 74642967:MV81MTY2MDU3Xzk0OTA2MDQ3X0ExM0E3OEI5] That’s like saying, since you didn’t want to further educate yourself beyond the 8th grade, large companies should subsidize your living forever. Makes no sense. Do you realize there are several consequences for raising the minimum wage? Here’s a few examples: 1. Minimum wage is now $20 an hour, you are an employer and you have two candidates in front of you. A blue haired 400lb Cheeto eating video gaming 22 year old with no formal education, or a well dressed, manicured, out of work computer programming 60 year old college grad, white or black male or female. Who do you hire? Raising minimum wage puts the young folks out of work; it’s been proven over and over again. The folks fussing for higher wages price themselves right out of a job. 2. Minimum wage is now $20 an hour. What do you suppose Wal Mart will do if you just doubled their payroll costs for about 75% or their workforce? Just eat the cost? Nope, they will replace you and your friend with more reliable workers, lay-off workers and hire robots, reduce working hours, increase costs of their products across the board. How does this help anyone looking for minimum wage jobs? Don’t get me started on how this exponentially increases benefit costs (Workers Comp, 401K matching, etc). 3. Minimum wage is $20 an hour. You own a Mom and Pop hardware store; one of two left in your State. You’re looking to hire someone at $15 an hour, which is killing you because you can really only afford paying $12 an hour. Guess what, no candidates will seek you out as an employer because you are not willing to pay high wages for low skilled labor. You’re forced to work late, pick up shifts beyond what you’d normally work, shut down the store due to lack of help, close your business because you’ve reached burnout and bankruptcy. Tell me again how raising the minimum wage would help the US? The minimum wage is not designed to subsidize folks’ standard of living. It is designed to prevent employers from only paying $1 an hour to shovel coal or bust rocks. Think about it, if you don’t only want to make $10 an hour for the rest of your life, what do you do? [b]Wine about how no one ever helps the little guy? No, you educate yourself, learn a skill/trade, you adapt, get two jobs, you survive. Forcing companies to pay you more is just like asking the Govt to pay off your student loans. No one is going to help you, you have to help yourself.[/b] [/quote] [/quote]
Original Message
I made $11/hr back in 1992 which I considered a low wage. Minimum wage in 1992 was $5.50. Federally now it’s $7.50/hr. Some states have higher. , Florida being $10/hr and California being$13/hr
Prices of things since 1992 have gone up 300-700% but the Federal minimum wage has only gone up 100%. Gas, for example, has gone up 400%. Toyota pickup roughly up 500%. Rent where I used to live in 1992 has gone up 600%. Food I’m paying probably 300% more
Based on my calculations with cost of living , the min wage should be, at least, $25/hr to be able to pay your bills
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