Can you live on minimum wage? (Calculator)

NoDrama

Well-Known Member
No, I did know your opinion when you posted it pages back, since then I've forgotten it, but have retained the clear indication that it's wrong. (that's how I compartmentalize unimportant shit, like your opinion on things) If you insist on I know what you posted word for word, I'll be glad to go back and check it tomorrow after work
So, in other words, you have no fucking idea.
 

Padawanbater2

Well-Known Member
So, in other words, you have no fucking idea.
No, no see, that's the thing. I do have an idea of what your opinion was, I just don't know it word for word because I deemed it too unimportant to remember at the time you said it

My idea stands that you were wrong, and like I said, I'll gladly go back over the thread tomorrow if you insist, after I get off work
 

twostrokenut

Well-Known Member
Without interest free currency or sound money your plan will not work.
Crony capitalism will always exist when elastic currency is the medium.
The "rich guy" in your bitstrip is crony capitalism.
The real threat of non support(taxes and consumerism) is all that separates capitalism and crony capitalism.

The ability to legally inflate will always trump morality.

It really is just that simple.
 

twostrokenut

Well-Known Member
Well there a glimmer of actual hope and change so that's cool.I always said if we could get the occupy crowd together with the Che rage machine nofx socialist eat the rich crowd And actually identify the correct perpetrator of poverty that would be awesome.Ya know get all that rage and angst from the right and left of American politicsfocused on a common enemy.
 

Padawanbater2

Well-Known Member
Without interest free currency or sound money your plan will not work.
Crony capitalism will always exist when elastic currency is the medium.
The "rich guy" in your bitstrip is crony capitalism.
The real threat of non support(taxes and consumerism) is all that separates capitalism and crony capitalism.

The ability to legally inflate will always trump morality.

It really is just that simple.

This is literally a century old institutionalized idea. The American public is completely in the dark about why interest rates rise, why it matters, or why they should care. Telling them "End the Fed" at this point is tantamount to saying "end the 2 party system"... Like I said, it will not happen in your or my lifetime. Advocating against it is a lifelong endeavor, one of which I'd proudly stand at your side to fight, but today, in the reality we exists in, it is a waste of time. I wish it wasn't. I wish more people were informed about it and cared about it, but they don't. I can only work with what I have. I can hear you already... "we won't have shit to work with unless we fight for it now!". I agree, again, I'm right there with you on this.. It's just tough to get motivated to fight for something you'll never see the proceeds of a hundred years before it comes to fruition. It's especially tough when the opponents are just as vehemently against it as you are for it, and they have waaaaaay more dollars to spend fighting it than you do.. I agree with you, but this simply isn't my fight. Wolf-Pac.com, start there...
 

twostrokenut

Well-Known Member
"End the fed" is just a slogan like wearing a team ballcap or similar.

Ron paul made that mistake too.....the one where you have to ask or tell "them" to do it.

You should research how to redeem elastic currency.

I am not in the "we must rise up and fight for it right now" camp.

I'm in the "let's use our coins and USNotes whose issuing authority is Law and Treasury, thus the People; and restore the Constitution" camp.

The benefits of this would not take a hundred years to come to fruition.
The fruits of politicians being actually accountable to the constituency and Law and the resulting standard of living imrrovments would ripen very quickly.
 

Padawanbater2

Well-Known Member
You should research how to redeem elastic currency.

Can you give me a brief summary?

I think getting money out of politics should be the number one issue in America today, way above war, immigration, religion, the economy, anything. But to the mainstream media, it's somewhere near the bottom. They don't push it because it doesn't fill their agenda. Money in politics is good for business as it fuels controversy.

That's another big issue, money in media.. American media has become the defacto 4th branch of American government, none of the mainstream stations are in it for the truth, only for the ratings.
 

twostrokenut

Well-Known Member
I can give you a couple links tomorrow from a proper pc (I'm on a low memory android).

Fdr wrote of the People depositing their paycheck in "these new accounts" after he declared the bankers holiday.
This fella named David Merrill in CO has done tons of research on this and explains it very well.
Google "david merrill private credit lawful money"

There is a SHITLOAD of material but you should get the jist of it fairly quickly.
There are a few very dull videos too buy very informative.
 

schuylaar

Well-Known Member
Bro, people with motivation and a skilled trade do NOT make minimum wage, the same goes for getting an education, if you choose it wisely.
You seem to be fixated on failure, IMHO.
fail..this is why whitey rightie racist will become extinct..you don't read what's right in front of you:


[h=1]For $1 per Big Mac, a truly livable salary for millions[/h]

When challenged on their low wages and lack of benefits, fast-food chains tend to depict their workers as teenagers saving for college, for whom the hourly receipts are a step toward a better future rather than a way to make ends meet now. Apparently, all those smiling kids wear their brightly colored smocks and golf visors with the same pride as Marines donning their colors, and are just as happy to serve. But those workers, if they exist, are a distinct minority.
They should meet Hope Shaw, the 38-year-old single mother of three who is assistant manager at Dunkin’ Donuts on Boston Street. She, too, likes to serve. But her life is one of unrequited toil. She lives paycheck to paycheck. Her heating gas was shut off last winter for failure to pay; the electric bill for her Dorchester apartment is consistently three months overdue. She’s gone without health insurance for more than a year. “My rent is $1,100 a month,” she says. “Every month I feel like I’m choosing between paying that or putting food on the table.”

Yet, six days a week, Shaw leaves her home before 4 a.m. to work a nine-hour shift overseeing the sale of donuts, bagels, and flat-bread sandwiches, while coping with customers who expect their coffee to be prepared exactly as they please and only sometimes drop a penny in the tip can. She’s been promoted twice in the five years she’s worked at the store, and her hourly pay has gone from $8 to $10. She made slightly less than $24,000 last year.

Despite working full-time, she and her family remain submerged beneath the poverty rate for Boston residents. Shaw’s predicament is common among her fast-food colleagues. Nationally, the median wage for front-line fast-food workers is $8.94 per hour, according to an analysis by the advocacy group National Employment Law Project.

Among those workers, about 70 percent are over age 20. And of that 70 percent, a third have a college degree. Most employees are depending on those jobs to support themselves and their families. “We can’t make it out here,” Shaw says.

Restaurant CEO pay was 788 times higher than employee earnings last year


Fast-food workers in Boston and across the country have been striking since last summer for higher pay. They’re demanding that national fast-food chains enter into collective bargaining for a minimum wage of $15 per hour, more than twice the federal minimum wage, and paid sick leave. They make a compelling case.

Right now, it’s public assistance that is making up the difference. Half of fast-food workers’ families rely on government aid at a cost of $7 billion per year to American taxpayers, according to recent research done at the University of California at Berkeley and the University of Illinois at Urbana-Champaign. This aid amounts to a massive public subsidy to multibillion-dollar private corporations.
McDonald’s alone costs taxpayers an estimated $1.2 billion each year. One employee last fall recorded a staff member on the company’s “McResource” line urging the full-time worker to sign up for food stamps, Medicaid, and welfare. The hotline, which was recently shut down, routinely helped employees and their families enroll in state and local assistance programs.

Social safety nets exist for a reason. But enabling profitable companies to keep workers on at poverty wages is a poor use of scarce government resources. Little in the McDonald’s financial statements indicates it can’t afford to pay employees more. In 2012, net income topped $5 billion, and the company paid out another $5.5 billion in dividends and stock buybacks. CEO Donald Thompson earned a salary of nearly $14 million — or about $7,000 per hour. In fact, industry-wide research by the Economic Policy Institute finds that restaurant CEO pay was 788 times higher than average employee earnings last year — a stark example of the way executives can reward themselves for keeping the wages of others low.

The simplest solution is to raise the minimum wage. The Massachusetts Senate has voted to increase the minimum wage from $8 an hour to $11 by 2016, and the House is currently negotiating its own bill. Because the value of the minimum wage hasn’t kept pace with inflation, a full-time minimum wage worker now makes the equivalent of $5,400 a year less than in 1968, according to the Massachusetts Budget and Policy Center. Not surprisingly, nearly 80 percent of the public supports minimum wage increases.

But the national food chains haven’t offered good evidence for why they shouldn’t start workers’ wages at $15 per hour instead. McDonald’s frequently cites the fact that it already offers “competitive pay,” suggesting that anything more would put it at a competitive disadvantage. But if the top 10 chains entered collective bargaining and agreed to $15, that argument goes away.

Then there is the counterexample of In-N-Out Burger, a West Coast regional chain that’s become a cult favorite. In-N-Out takes pride in paying starting employees $10.50 an hour, and within a few months most are making at least $2 more. The company offers benefits including vision, medical, and dental for part- and full-time associates. Assistant managers can make up to $70,000 annually; managers as much as $120,000. And In-N-Out’s 280 locations brought in $651 million in sales in 2012, which is more than twice the per-store average at Dunkin’ Donuts’ 7,360 US locations.

Burger King executives prefer to blame low wages on the franchise model, in which outlets are separately owned and managed, even though Burger King maintains tight control of the product line, restaurant design, amenities, and pricing. It has said it “doesn’t make hiring, firing, or employment-related decisions for our franchisees.” Indeed, the company that enforces tight specifications for everything from the weight of the Whopper to the amount of oil in the French fries makes absolutely no provision for minimum wages or conditions of employment. Requiring its franchisees to pay a living wage through its franchise contract isn’t anywhere on the radar screen.

It’s a telling omission. Franchise owners, worried about higher labor costs, could demand lower corporate fees in return. The tradeoff could lower corporate profits. So workers and customers are paying the price instead.

Would the price of fast food soar with a higher minimum wage? It’s not likely. Economists at UC Berkeley have estimated a $15 wage would cost consumers about 10 percent more. (Americans spent, on average, about $2,620 on eating out in 2011, according to the National Restaurant Association.) A separate 2006 study suggests menu prices would rise about 17 percent with a $15 minimum wage, according to the Employment Policies Institute.

Breaking down the McDonald’s 2012 annual report provides a little more clarity. At company-run stores, profit margins are above 10 percent, but payroll and employee benefits add up to about 25 percent of sales at these locations. That means, if compensation were to double and no other expenses lowered to offset that rise, prices would have to increase by about 25 percent, or $1 more per Big Mac, to make up the difference. Industry associations insist that any higher prices would drive away customers and result in fewer jobs. Some diners might indeed go elsewhere or eat at home. But most fast-food customers are less price-sensitive; those motivated mostly by convenience wouldn’t cross state lines or turn to the Internet to save $1 on a fast-food lunch. Meanwhile, restaurants could count on lower training and recruitment costs as turnover — now close to 100 percent per year for fast-food chains — is reduced.

In return, the extra $5 per hour would transform the lives of hard workers like Shaw and their kids . “I could stop worrying about our monthly bills today and start planning for the future,” she said.

http://www.bostonglobe.com/opinion/editorials/2014/02/18/fast-food-workers-deserve-livable-wage/Vht3k4F9hyU0XQBRm2hjfN/story.html
 

Harrekin

Well-Known Member
Assistant Manager for $10 a hour?

She is experienced in management, she could walk into a similar position elsewhere so if she chooses to work for peanuts then that's her choice.

Why is she crying about her conscious choice?
 

schuylaar

Well-Known Member
Assistant Manager for $10 a hour?

She is experienced in management, she could walk into a similar position elsewhere so if she chooses to work for peanuts then that's her choice.

Why is she crying about her conscious choice?
aha! precisely!..why doesn't she?..anyone care to take a stab as to why?
 

jahbrudda

Well-Known Member
And here lies your problem Shyullar, you consider flipping burgers at the golden arches, a "skilled trade" lulz :clap:
 
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