welfare vs wages

[dellinger63]

Originally Posted by bigrun

5 companies paying Americans the least.

No surprise on 1 and 2..

http://money.msn.com/investing/5-com...cans-the-least

As of 2012, an estimated 4.7% of hourly workers are paid at or below the federal minimum wage of $7.25 an hour.

I would think this would be great news when you consider 40% of jobs in the U.S. are salaried positions. That means the true percentage of American workers paid at or below minimum wage is 2.8%.

Imagine the bragging that would take place if say Obamacare was 97.2% successful?

[joeydb]

Originally Posted by dellinger63

I would think this would be great news when you consider 40% of jobs in the U.S. are salaried positions. That means the true percentage of American workers paid at or below minimum wage is 2.8%.

Imagine the bragging that would take place if say Obamacare was 97.2% successful?

Salaried and hourly workers are usually listed as opposites. I don't see how your calculation applies.

[dellinger63]

Originally Posted by joeydb

Salaried and hourly workers are usually listed as opposites. I don't see how your calculation applies.

It considers the work pool minimum wage workers are a part of. Thus reducing the percentage of minimum wage workers by 40% when compared to the entire US workforce and not just hourly workers.

The article posted, stated something like 4.7% of hourly wage earners are at or below minimum wage. It left out the 40% who are salaried. But I suspect that may have been on purpose.

[Rudeboyelvis]

CBO: Raising minimum wage to 10.10 could temporarily decrease poverty to 900,000 but also could cost 500,000 jobs.

I wonder what we paid for that.

About the last thing anyone needs is 500,000 less people paying taxes than there already are.



http://www.miamiherald.com/2014/02/1...would-cut.html

[Pants II]

I support raising the minimum wage to $15/hour. Why?

Because Americans get what they deserve...that's why.

The reality is this wouldn't be on anyone's radar if the corporations (who own the media) didn't want it.

Now the better question is why do they want it?

Robotics/automation being economically feasible compared to wages.

They don't particularly need humans nor do they want to employ them.

So once again, America...the joke is on you. Now grab your clown horn and honk like a good pleb.