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#21291
Jul 30 2018 11:43pm
Quote (Ghot @ Jul 30 2018 11:30pm)
Have to disagree. There are places today with a minimum wage of $15 an hour, which would be more than a skilled salary in the 70's.

Now "average" income may be dropping some. We ofc can blame relatively open borders, for this.




a plumber making $6.70 per hour is over $40 today when adjusted for inflation
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#21292
Jul 30 2018 11:46pm
Quote (Saucisson6000 @ Jul 31 2018 01:42am)
2 studies:

David Card's results indicate that the migration shock had no effect on Miami's salary and average employment rate. Those of Jennifer Hunt show that on average the repatriation of the 900,000* French from Algeria had a negative effect, although limited, on the employment and the wages of the metropolitans*. The main conclusion of these studies is that immigration has virtually no effect on the average wage and employment of workers. More recent studies (theoretically based and neutralizing the problems related to immigrants' location choices), conducted in the United States, Great Britain, Germany and France, confirm this. Some of them even show that immigration sometimes has slightly positive effects on the average salary of the natives: the newcomers would rather degrade the conditions of employment of the previous waves of immigration and would allow the natives to reorient themselves towards jobs more remunerative.

*0-1% and 900.000 was gigantic amount (0.9/50)

http://davidcard.berkeley.edu/papers/card-peri-jel-april-6-2016.pdf
https://www.researchgate.net/publication/4902369_The_Impact_of_Immigrants_on_Host_Country_Wages_Employment_and_Growth

Look like you have some kind of agenda.




Take your study elsewhere. I'm telling you how it IS, whether you like it or not.

Set chart for... MAX

https://tradingeconomics.com/united-states/population


Since we aren't acquiring new "lands", there wil be by default, only so many jobs. Yet the idiots, keep wanting to increase the population.



/e

Quote (Sakuraba @ Jul 31 2018 01:43am)
https://i.imgur.com/EjOXRkq.png

a plumber making $6.70 per hour is over $40 today when adjusted for inflation



See post 21287, for the 2nd time.

This post was edited by Ghot on Jul 30 2018 11:48pm
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#21293
Jul 30 2018 11:47pm
Quote (Ghot @ Jul 30 2018 10:42pm)
Yep, yep. See post 21287


Quote
There are places today with a minimum wage of $15 an hour, which would be more than a skilled salary in the 70's.


I'm confused what you mean by this. The value of $15 USD and the value of $15 USD ~50 years ago are drastically different. $15 in 1970 was approx $100 today, so therefore the actual value of $15 an hour today is nowhere near the actual value of a skilled salary in the 70s.
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#21294
Jul 30 2018 11:48pm
Quote (EndlessSky @ Jul 31 2018 04:20pm)
Average income is rising :wallbash:


Do you actually believe this?
Take executive pay out of the equation and see how it stacks up, because that is the only real growth industry.
I got 4.5% this year :D
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#21295
Jul 30 2018 11:51pm
Quote (majorblood @ Jul 31 2018 01:47am)
I'm confused what you mean by this. The value of $15 USD and the value of $15 USD ~50 years ago are drastically different. $15 in 1970 was approx $100 today, so therefore the actual value of $15 an hour today is nowhere near the actual value of a skilled salary in the 70s.




I know... that's what I've been saying.

What people want for minimum wage would have been a god salary in the 70's. BUT, the population in the 70's as 210 million. Today it's 326 million, and we are LOSING jobs to automation.
Hence the reason I said, that open borders with respect to immigration is....


STUPID
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#21296
Jul 30 2018 11:52pm
Quote (Ghot @ Jul 31 2018 04:51pm)
I know... that's what I've been saying.

What people want for minimum wage would have been a god salary in the 70's. BUT, the population in the 70's as 210 million. Today it's 326 million, and we are LOSING jobs to automation.
Hence the reason I said, that open borders with respect to immigration is....


STUPID


Who advocates open boarders outside of a few far left crazies?
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#21297
Jul 30 2018 11:54pm
Quote (Plaguefear @ Jul 31 2018 01:52am)
Who advocates open boarders outside of a few far left crazies?




No one. I just picked a very obvious reason why open borders, or even half open borders, etc., just will not work.

Young people in the US want cheaper or free college, they want cheaper of free medical. You just can't have those things unless you pretty much close the borders.
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#21298
Jul 30 2018 11:59pm
Quote (Ghot @ Jul 31 2018 04:54pm)
No one. I just picked a very obvious reason why open borders, or even half open borders, etc., just will not work.

Young people in the US want cheaper or free college, they want cheaper of free medical. You just can't have those things unless you pretty much close the borders.


Personally i advocate a skill immigration system where we take in only people who are trained in a skillset we have in short supply, they can have citizenship but in return they make put in at least 4 years of paid training helping to get local citizens to upskill.
We put the emphasis on training our own and still bring in people who can contribute well and who are intelligent enough to adapt to a new culture fluidly, competent english would also be a must.
I am ok with taking in a modest number of refugees provided they are well cared for and educated rather than just dumped in a slum and left to fend for themselves.
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#21299
Jul 31 2018 12:04am
Quote (Ghot @ 31 Jul 2018 06:46)
Take your study elsewhere. I'm telling you how it IS.

Quote (Ghot @ 31 Jul 2018 06:51)
STUPID

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#21300
Jul 31 2018 12:05am
Quote (Ghot @ Jul 30 2018 11:46pm)
Take your study elsewhere. I'm telling you how it IS, whether you like it or not.

Set chart for... MAX

https://tradingeconomics.com/united-states/population


Since we aren't acquiring new "lands", there wil be by default, only so many jobs. Yet the idiots, keep wanting to increase the population.



/e




See post 21287, for the 2nd time.


what about it? it's irrelevant as to what's being discussed, you literally said:

Quote
There are places today with a minimum wage of $15 an hour, which would be more than a skilled salary in the 70's.


This is false when you adjust for inflation.

Quote (Ghot @ Jul 30 2018 11:51pm)
I know... that's what I've been saying.

What people want for minimum wage would have been a god salary in the 70's. BUT, the population in the 70's as 210 million. Today it's 326 million, and we are LOSING jobs to automation.
Hence the reason I said, that open borders with respect to immigration is....


STUPID


now here you're trying to claim what you meant was a literal minimum wage of $15 in the 70s would have been insanely high pay? How is this relevant at all to $15 today? You make no fucking sense. You just say stupid things and backpedal, trying to explain how it's everyone else misinterpreting what your true meanings to a simple sentence were.
The federal minimum wage was $2.10 in 1975, adjust for inflation that's about $12.42 today. The federal minimum wage is $7.25 in 2018. People in the 70s were making more as skilled laborers and minimum wage with a cheaper cost of living all around when adjusted.
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