Posted: Sun May 11, 2014 7:42 pm
Welcome to Thunderdome
RIP Gordon
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Fast Food strikes - Round 2 - Dec 2013
Page 2 of 4
Posted: Sun May 11, 2014 8:21 pm
Too bad poor frankie had kids before he could afford them. If only there was a way to prevent that from happening.
Posted: Sun May 11, 2014 11:17 pm
I keep wondering why these people are trying to raise families while working at McDonald's. Isn't fast food something you do a a kid while in school and stuff?
Posted: Sun May 11, 2014 11:25 pm
OTHER PEOPLE SHOULD PAY FOR MY POOR LIFE DECISIONS.
Posted: Mon May 12, 2014 10:20 am
I dare you to make that into a sign and stand with the protesters.GORDON wrote:OTHER PEOPLE SHOULD PAY FOR MY POOR LIFE DECISIONS.
Posted: Mon May 12, 2014 12:35 pm
That would be awesome.Leisher wrote:I dare you to make that into a sign and stand with the protesters.GORDON wrote:OTHER PEOPLE SHOULD PAY FOR MY POOR LIFE DECISIONS.
Posted: Fri May 16, 2014 8:16 am
Strikes yesterday. More people profiles.
On the one hand, yes, I do think minimum wage should be higher. If only to incentivize working more, and reduce welfare. But damn people... why do you have 2 kids if you have been working at Dominos your whole life? I have 2 kids. You know how expensive kids are? Well, yes you seem to know now, but did you know 3 years ago before you started having them?
On the one hand, yes, I do think minimum wage should be higher. If only to incentivize working more, and reduce welfare. But damn people... why do you have 2 kids if you have been working at Dominos your whole life? I have 2 kids. You know how expensive kids are? Well, yes you seem to know now, but did you know 3 years ago before you started having them?
Posted: Fri May 16, 2014 8:56 am
I do think minimum wage should be higher.
I think people should stop buying shit they don't need.
Posted: Fri May 16, 2014 9:15 am
Not sure how anyone buys much of anything at $7.25/hr.Leisher wrote:I think people should stop buying shit they don't need.I do think minimum wage should be higher.
Posted: Fri May 16, 2014 9:45 am
Yet, I'll bet they do. I'd love to know how many of them have cell phones. Fair or not, they're human and you know we could go search their expenditures and find waste.TheCatt wrote:Not sure how anyone buys much of anything at $7.25/hr.Leisher wrote:I think people should stop buying shit they don't need.I do think minimum wage should be higher.
But pointing a finger at them is not my intention here. People at any level of the work force should be able to afford luxuries. It's what separates their job from slavery.
No, my point is that the cost of living is too high. As a society, we've allowed prices to spiral out of control. I'd like to see a consumer revolution.
Raise minimum wages, whatever. However, let's put some more power and value into the dollars they're earning.
Posted: Fri May 16, 2014 9:48 am
I don't get your point, I'll come back when I have more time.
Posted: Fri May 16, 2014 10:00 am
To simplify what I'm saying:
Prices should be lower too.
Prices should be lower too.
Posted: Fri May 16, 2014 6:13 pm
Leisher wrote:To simplify what I'm saying:
Prices should be lower too.
OK, here's my problem with that argument:
1) Inflation is a mildly necessary evil, overall. Let's say Mr. Bob has $1 Million. If there is deflation, Mr. Bob can just sit on his money, and it's value (measured in ability to buy stuff), actually goes up. With inflation, Mr. Bob's purchasing ability will deteriorate over time. If he does nothing, he will go broke much more quickly than with deflation. So what are his options? Basically, he needs his money to make more money, or need to invest human capital (work) to make more money. How do you invest money? By putting it to work in the economy: investing, building things, etc. Which makes total wealth go up by creating things, etc, etc.
2) Purchasing power is what matters (real income). By raising minimum wage, you essentially increase the purchasing power of those people, allowing them to buy goods. You also cut the government out of the equation, by reducing welfare (and government inefficiency, etc).
Here is minimum wage in constant 2011 dollars, over time
Posted: Fri May 16, 2014 6:15 pm
So for the 2nd half of the 80s, and the entire 90s and 2000s, it was lower than it had been from the 60s through the mid-80s. Thus, people working for those wages, or close to those wages lost a significant amount of income.
I think $10-15 is not unreasonable, and has a lot of positives. Then, index it to inflation to keep it inline in terms of purchasing power. Will it cost some jobs? Probably, no one really knows, we just have estimates. AT least one state is already around that level, and still has very low unemployment #s. But one state doesn't represent the entire nation.
I think $10-15 is not unreasonable, and has a lot of positives. Then, index it to inflation to keep it inline in terms of purchasing power. Will it cost some jobs? Probably, no one really knows, we just have estimates. AT least one state is already around that level, and still has very low unemployment #s. But one state doesn't represent the entire nation.
Posted: Sat May 17, 2014 10:39 am
I agree with this approach. And it will never happen. First off, we'd all recognize they've been lying to us by not including the prices of energy and food in the inflation rate. Secondly, they would never be able to use the minimum wage as a political issue without admitting they've been lying to us about inflation.TheCatt wrote:I think $10-15 is not unreasonable, and has a lot of positives. Then, index it to inflation to keep it inline in terms of purchasing power.
Posted: Sat May 17, 2014 11:44 am
Inflation is tricky. What you experience in terms of inflation really depends on what you buy. Which is well correlated to how much money you have. Poor people spend a higher %age of their money on food. Rich people spend relatively little on food. So food inflation, if it's 6 to 10%, will cause a more significant burden on the poor than on the rich. Whereas technology/electronics generally experience negative inflation due to product improvements (compare today's $1,000 TV to a $1,000 tv 20 years ago). Poor people could be experiencing 5%+ inflation in a world where rich people are seeing about 1%.
The government measures inflation by averaging it across all goods purchased. So again, poor people have a LOT less money than rich people, so again: 95 poor people could be experiencing 5%+, 5 rich people experiencing 1%, and it averages out to 2% inflation because the rich people have/spend so much more money.
Honestly, it's never been better to be rich in the US in the past century than in the past 30 years.
The government measures inflation by averaging it across all goods purchased. So again, poor people have a LOT less money than rich people, so again: 95 poor people could be experiencing 5%+, 5 rich people experiencing 1%, and it averages out to 2% inflation because the rich people have/spend so much more money.
Honestly, it's never been better to be rich in the US in the past century than in the past 30 years.
Posted: Sat May 17, 2014 1:26 pm
I thought they didn't include food and energy in that.TheCatt wrote:The government measures inflation by averaging it across all goods purchased.
Posted: Sat May 17, 2014 1:30 pm
Nevermind... looked it up.
I was happier being pissed at the gubberment for not including it, though
I was happier being pissed at the gubberment for not including it, though
Posted: Fri May 30, 2014 10:47 am
More fast food workers are adults than in the past
In 1979, teenagers held 26% of all low-wage jobs, while adults aged 25-64 made up less than half of such workers, according to the Center for Economic and Policy Research, which analyzed the low wage workforce over a 30-year span.
Today, only 12% of low paying jobs are held by teenagers, while adults make up 60% of them. Also, only 20% of such workers had attended some college in 1979. Today, it's 33%.
...
They look more and more like Dre Finley, who earns $8.78 an hour at Arby's in Tampa, Fla. He is 24, has a five-year-old daughter and another child on the way. Finley also holds an associates degree from a community college.
"Some customers think you're stupid because you're behind the counter, but I have an education," said Finley.
Posted: Fri May 30, 2014 11:14 am
Well, I think the purpose of fast food jobs for the last 25 years or so has been to teach teenagers how to show up on time, do a simple task properly, and learn to not lip off to idiot managers. These low paying jobs aren't intended for adults.