You are paying for it

[Danzig]

Originally Posted by Rudeboyelvis

With all due respect - the concentration of wealth and the minimum wage are completely irrespective of each other. Corporations are able to farm out what used to be decent paying work overseas at a fraction of the cost which boosts profits exponentially and by extension performance and thus bonuses.

This is in no way an excuse for their actions; it's just a fact of life. We now have a glut of uneducated, unmotivated younger adults that at one time could have learned a quazi-skilled trade that would have afforded them a career - nothing glitzy, but a career that would allow them to raise children, and keep a modest roof over their heads until they were pension-elgible and were able to retire.

Plenty of welders, construction & assembly line workers, et al. Earned a living without handouts from the govt.

Those jobs are gone and they ain't coming back.

The quality jobs that are left these days require a level of intelligence, skill, and training and motivation that most of these folks screaming for handouts can't or don't want to achieve.

So just blame it all on the employers of minimum-wage workers - easy targets at least.

Just because some libtard want to believe some ridiculous line of bullspit about how raising the price of a box of mac and cheese by a nickel will magically solve all of these problems, doesn't make it so.

The problems that plague this economy run so deep that we may well never get back to what we previously defined a "prosperous middle class" - But if there are solutions, the path to them will come from addressing the root cause, not some media-charged straw man that incites division.

First of all, with all due respect, I am no libtard, and it's a penny a box, not a nickel. Please stick to the topic and avoid personal tangents. As for it being bullspit....sorry, I will give weight to an economists study over your take on his study, just like I wouldn't take your opinion over Neil degrasse tyson if the subject was astronomy.
As for wages, and wealth...all wages, except to the very top earners have stagnated for decades. Profits are high, and pay to the top execs are far higher than ever before. Its disingenuous for these corporations to say they cannot aford higher pay to employees while exec pay skyrockets.
As for the old days, factory churn is in the red and has been for 15 years. Automation adad's to job losses...we have less employed along with higher then ever production. As an article I saw the other said, higher unemployment is the new normal.
Scientific gains allow us to produce more goods then ever, to take care of more people then ever, while making people increasingly unnecessary.
This country is still the number one manufacturer in the world, but the corresponding jobs aren't there.
Robots, atms, self checkouts, etc....
3 application that for every job opening. Those are facts, not thoughts, feelings, opinions.
GM used to be the biggest employer, now it's walmart. With jobs paying on average less than half what car makers were paid..
As for unskilled...we have more people going to college than ever, it's untrue we have more uneducated and unskilled people.

The root cause? It's wage stagnation, wages from bottom to near the top haven't kept pace as they should. And you can't just hope businesses will do the right thing, else they wouldn't have had to pass child labor laws, 40 hour work weeks, that owners can't lock all the doors and everyone die in a fire...