welfare vs wages

[bigrun]

Originally Posted by Danzig

http://www.practicalmoneyskills.com/...D_Journal2.pdf



please, check out the sample budget. i want to know in what universe health insurance only costs $20 a month?
no grocery budget? or is that part of the $25 a day spending money? of course, if one works two full time jobs, one won't have much time to eat, so that's a bonus. and how much of that $25/day in 'spending money' goes to day care, since most fast food workers are closer to 30 years of age, and have a child or children?
car payment, car and home insurance, a grand total of $250/month. excuse me while i chuckle.

oh, and the 'income' from job one-no doubt that's based on a 40 hour week. that's also what most people don't get, as that would make them 'full time', and thus eligible for benefits.
but, hey, look at how much dough they roll in by having job two.

more helpful advice:

How do I record money given to me as a gift?
List it as other income when you receive it. If you save
the cash, you should record it as a credit on the date it
was received.

TIPS FOR BEING GOOD WITH YOUR MONEY
Spend less money than you make. BRILLIANT! ABSOLUTELY BRILLIANT. why didn't i think of that?!

• When possible, use public transportation or carpool
• Consider walking or riding a bike when running errands

great info for people who don't live in a city.


yeah, who needs to make more? just budget wisely!

I filled out that sample budget and now i have to find a 3rd job

And those payroll cards, nice touch...no wonder Mc is a zillion$ company.
I still love their coffee

[Danzig]

Originally Posted by bigrun

I filled out that sample budget and now i have to find a 3rd job

And those payroll cards, nice touch...no wonder Mc is a zillion$ company.
I still love their coffee

[Danzig]

http://www.epi.org/publication/bp357...wage-increase/

Raising the minimum wage as a tool for economic growth
The immediate benefits of a minimum-wage increase are in the boosted earnings of the lowest-paid workers, but its positive effects would far exceed this extra income. Recent research reveals that, despite skeptics’ claims, raising the minimum wage does not cause job loss.6 In fact, throughout the nation, a minimum-wage increase under current labor market conditions would create jobs. Like unemployment insurance benefits or tax breaks for low- and middle-income workers, raising the minimum wage puts more money in the pockets of working families when they need it most, thereby augmenting their spending power. Economists generally recognize that low-wage workers are more likely than any other income group to spend any extra earnings immediately on previously unaffordable basic needs or services.

Increasing the federal minimum wage to $10.10 by July 1, 2015, would give an additional $51.5 billion over the phase-in period to directly and indirectly affected workers,7 who would, in turn, spend those extra earnings. Indirectly affected workers—those earning close to, but still above, the proposed new minimum wage—would likely receive a boost in earnings due to the “spillover” effect (Shierholz 2009), giving them more to spend on necessities.

This projected rise in consumer spending is critical to any recovery, especially when weak consumer demand is one of the most significant factors holding back new hiring (Izzo 2011).8 Though the stimulus from a minimum-wage increase is smaller than the boost created by, for example, unemployment insurance benefits, it has the crucial advantage of not imposing costs on the public sector.

[Cannon Shell]

A raise in the minimum wage will almost assuredly be accompanied soon after by a raise in the price of consumer goods. Plus any raise in wages will likely be off set for workers by companies avoiding Obamacare penalties and cutting back hours to prevent them from being classified as full time workers.

[Danzig]

Originally Posted by Cannon Shell

A raise in the minimum wage will almost assuredly be accompanied soon after by a raise in the price of consumer goods. Plus any raise in wages will likely be off set for workers by companies avoiding Obamacare penalties and cutting back hours to prevent them from being classified as full time workers.

the hours have been cut, for some time. i found it interesting that not just the minimum wage, but all wages have not kept up with the pace of inflation, etc. but then, we've known for some time that wages have been stagnant.

it seems to me that as the last few decades have gone by, govt has started doing more, and corporations have done less for their employees. it's not as tho mcdonalds (for example) has lower profits to go along with lower pay. same with exxon/mobil and many others. record profits for years, while we see entitlement spending grow, with workers not making enough to get by on their own.
so, which came first? as entitlements came along, starting with ss, and then medicare and medicaid, did businesses start going 'hey...' we can grow profits, the govt has a safety net for where we leave off?
this isn't something that has just suddenly happened.

[Cannon Shell]

Originally Posted by Danzig

the hours have been cut, for some time. i found it interesting that not just the minimum wage, but all wages have not kept up with the pace of inflation, etc. but then, we've known for some time that wages have been stagnant.

it seems to me that as the last few decades have gone by, govt has started doing more, and corporations have done less for their employees. it's not as tho mcdonalds (for example) has lower profits to go along with lower pay. same with exxon/mobil and many others. record profits for years, while we see entitlement spending grow, with workers not making enough to get by on their own.
so, which came first? as entitlements came along, starting with ss, and then medicare and medicaid, did businesses start going 'hey...' we can grow profits, the govt has a safety net for where we leave off?
this isn't something that has just suddenly happened.

I don't see where entitlement spending and record profits are related. McDonalds as far as I know has always paid min wage because the vast majority of its jobs are unskilled. They aren't making 'record profits' because they are "underpaying" the employees. How many other fast food businesses have failed despite paying the same wages?

I don't think most reasonable people have a problem with entitlements per say. The problem arises with abuse and the ever expanding designation of who 'deserves' what.

[Danzig]

except minimum wage used to mean people were earning enough to be above the poverty line. that's no longer true. why? that's why i wonder if, as the govt started showing a willingness to pick up slack, that helps explain why businesses aren't willing to pay as much...something explains why wages haven't kept pace with the economy. lower skilled, yes. in an industry many use. at the very least, these workers should be able to make a decnt living. they used to in those jobs, and the skill level is the same.

[dellinger63]

Originally Posted by Danzig

http://www.epi.org/publication/bp357...wage-increase/



Increasing the federal minimum wage to $10.10 by July 1, 2015, would give an additional $51.5 billion over the phase-in period to directly and indirectly affected workers,7 who would, in turn, spend those extra earnings. Indirectly affected workers—those earning close to, but still above, the proposed new minimum wage—would likely receive a boost in earnings due to the “spillover” effect (Shierholz 2009), giving them more to spend on necessities..

Oh let's not forget Shaniqua Davis & Co., her taxi rides, cable, and government paid rent for her 20-year-old azz AND the unemployed boyfriend. But the PC world doesn't really jive with the real world anyway. Had Shaniqua Davis not had the baby she wouldn't have taxpayer expensed rent so I must question why Shaniqua Davis had a baby? Surely we as in taxpayers aren't the problem? Or are we giving free rent away? Where's she going to spend the extra cash?

BTW I didn't bring Shaniqua Davis up the paper did.

Sure she's not the typical college educated lads and lasses you speak of.

Hope many were denied fast food today by the nationwide walkout. At least by those employees that were able to walk out ie the door doesn't have a picture on it like a hamburger on the cash register.