Us: Minimum Wage Should Be $24 An Hour - Topic

excellence

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#11

Mar 5 2021 04:05pm

Quote (IgoSoHard @ 5 Mar 2021 16:58)

We should listen to the French guy listening to the bartender

Thor123422

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#12

Mar 5 2021 04:21pm

Quote (bogie160 @ Mar 5 2021 04:03pm)

The minimum wage doesn't track to productivity, nor should it. Productivity gains in the last few decades have largely been driven by automation and technology. It has little to do with the supply/demand factors driving wage cost.

Raising the minimum wage to $24 / hr would represent a wage floor unheard of in both real terms and as a percentage of GDP per capita.

The American left needs to put more effort into developing intellectual talent. AOC is a complete embarrassment.

Wrong

Australia has 19.84 an hour and has a 55k GDP per capita compared to our 65k, which means theirs adjusted for GDP per capita is $23.5

This post was edited by Thor123422 on Mar 5 2021 04:22pm

EndlessSky

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#13

Mar 5 2021 04:23pm

Quote (fender @ Mar 5 2021 04:41pm)

inb4 "conservatives" white knighting for billionaires, defending starvation wages and expoitation by their multinational corporate overlords...

America is obese

What fantasy are you living in?

Landmine

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#14

Mar 5 2021 04:27pm

Quote (Thor123422 @ Mar 5 2021 03:21pm)

Wrong

Australia has 19.84 an hour and has a 55k GDP per capita compared to our 65k, which means theirs adjusted for GDP per capita is $23.5

Australia population 25 million......

cambovenzi

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#15

Mar 5 2021 04:31pm

Quote (fender @ Mar 5 2021 04:41pm)

inb4 "conservatives" white knighting for billionaires, defending starvation wages and expoitation by their multinational corporate overlords...

Find some integrity

jacking up the minimum wage has a number of negative effects, including hurting small businesses and many poor people.

Understanding economics has nothing to do with white knighting for billionaires or 'starvation wages'

Banning everyone from working for less than a $24 minimum wage is particularly stupid and outlandish.

This post was edited by cambovenzi on Mar 5 2021 04:31pm

bogie160

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#16

Mar 5 2021 04:34pm

Quote (Thor123422 @ Mar 5 2021 05:21pm)

Wrong

Australia has 19.84 an hour and has a 55k GDP per capita compared to our 65k, which means theirs adjusted for GDP per capita is $23.5

You are comparing an AUD$ minimum wage against a USD$ GDP per capita. You are also pretending that everyone in Australia under the age of 21 doesn't exist.

thundercock

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#17

Mar 5 2021 04:42pm

$24 is way too high. The government should be providing services that address poverty, not corporations.

fender

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#18

Mar 5 2021 04:44pm

Quote (cambovenzi @ 5 Mar 2021 23:31)

inb4'd you, bootlicker.

Quote (EndlessSky @ 5 Mar 2021 23:23)

America is obese

What fantasy are you living in?

some facts for you, so you can lie about them next time:

https://www.feedingamerica.org/hunger-in-america/facts

Santara

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#19

Mar 5 2021 04:46pm

In 1971 when Nixon closed the gold window, severing the last tie between the dollar and gold, the minimum wage was $1.60/hour and gold was $40.80/ounce, meaning that the minimum wage was worth 78 oz of gold per year. At today's prices, 78 oz of gold is worth ~$140,000, or $70/hour. Inflation is a lie.

If it wasn't for using numbers, my predictive text on my phone can type that whole spiel.

Thor123422

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#20

Mar 5 2021 04:59pm

Quote (bogie160 @ Mar 5 2021 04:34pm)

You are comparing an AUD$ minimum wage against a USD$ GDP per capita. You are also pretending that everyone in Australia under the age of 21 doesn't exist.

Am I? The googles said USD.

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