It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
originally posted by: amazing
We still have issues before but the American economy has improved in all metrics since he took office. Keep in mind that this was a giant world recession that Obama helped steer us out of...in some countries, like Greece in my opinion, it was a depression. So to somehow still blame Obama for American's lack of jobs or prosperity is really short sighted.
If you take a longer harder look, you must ask yourself if Romney or MCCain would have done any better, especially if you look at what the Republicans have done in the last 7 years....What have they done? basically nothing.
originally posted by: Gryphon66
If a ice cream parlor is only selling $20 an hour in ice cream, it's probably already in trouble, regardless of what the employees are paid.
Worth. Now there's an interesting concept. I run and have partial ownership in a real estate brokerage. I've had employees with me for an average of 10 years. I've provided reasonable raises each year, made sure they had healthcare and other benefits, and I haven't lost an employee in years. They're all highly skilled and highly motivated, and the benefits to my bottom line FAR OUTWEIGH the additional cost of reasonable salaries and benefits.
Big corporations tend to sacrifice workers for volume, and have no interest in the impact on the local economy other than their own profits. Many smaller businesses drain the highest profits possible at the expense of additional productivity.
originally posted by: Dfairlite
If I missed anything, there is plenty of wiggle room in the budget. (e.g., eat out less, buy a bus pass, save for a car instead of financing, etc)
Moral of the story: is minimum wage comfortable? No, but it's not inhumane or anything. It is a livable wage.
originally posted by: bigfatfurrytexan
a reply to: Xtrozero
Yeah, we do bonuses, too. For managers. For hourly staff...there isn't a bonus program in place
Ours start at 10% of annual wages, and range up to 25%. I get 20%, and as my posting tends to show....i work my ass off to get that money.
originally posted by: Xtrozero
originally posted by: Dfairlite
If I missed anything, there is plenty of wiggle room in the budget. (e.g., eat out less, buy a bus pass, save for a car instead of financing, etc)
Moral of the story: is minimum wage comfortable? No, but it's not inhumane or anything. It is a livable wage.
Do you know that 50 pounds of rice makes 550 cups of cook rice for 40 bucks? My family has a rice cooker that has hot rice 24/7.
Also, not until I was in my 30s did I reach the point I did not need a roommate to share the cost anymore.... The rest of the world works on synergy except for the US that thinks privacy is a right and not a privilege and so we feel a person on their first job should be able to afford a private appt, car, phone, computer etc...all by themselves.
originally posted by: dawnstar
a reply to: Gryphon66
cereal?? are you kidding me, have you seen the price of that overpriced sugar high they peddle as cereal?? no thanks I have plenty of oatmeal I can make, and it was much cheaper.
a single person might be able to live rather cheap when it comes to food, I do, but well, I wouldn't dream of feeding a family of young children like I eat, they need balanced meals and well variety. ya know, fruits, vegetable, meat, starches, dairy. I often hear people talk about how cheap rice and beans are, but well, I got a feeling malnutrition would eventually set in.
originally posted by: Gryphon66
Your Republican friends in Congress are the ones that only care about their mega-corporate contributors. Might take it up with them.
originally posted by: Xtrozero
originally posted by: Gryphon66
Your Republican friends in Congress are the ones that only care about their mega-corporate contributors. Might take it up with them.
For some reason you think I'm some die hard Republican because I think our current president is a failure. hmmm I drift all over the line and I would say I lean more towards libertarian than anything else.
No taxes? Taxes are withheld even if it comes back in a once a year refund. And what makes you think that someone that makes $14,000 or so a year pays no taxes?
What if this person falls while walking to work?
$340 per month for rent. That's absolutely ridiculous and you know it.
Oh wait, you only spend $600 a month on food for a family of five, that's right. Cereal all round then.
What if this is not in the specific spot in your perfect scenario? What if the closest living space is 5 miles away?
You concocted a "perfect" scenario, tell me, what if your perfect situation has a spouse and kids?
We'll forget that you fabricated prices and costs, tweaked every possibility to the lowest possible range, etc. etc.
Glad you convinced yourself that anybody can live a fine life on minimum wage.
but ... just think ... if someone can do THAT well on $7.25, how much BETTER they could do on $14.50?
that will give them another $1200 or so each month to invest in the local economy... which will make local businesses more profitable and able to hire more people at $14.50 per hour ... and so on and so on ...
So now there ARE taxes associated with that level of income. (Just as a note, the minimum tax at that level is $500~)
Just like they can possibly find a rental home for $340, and there's a chance they could live on the bare-bones, totally optimistic "budget" you provided ...
So, the rest of the country is sooo different from the Atlanta market ... (which has one of the most reasonable costs of living in the country). Minimum Studios rentals begin at $400 a month. Average for one bedroom is $500 per month.
Thrifty, so you admit your estimates are "best possible case scenario." Fair enough.
I don't understand economics? LOL. And that rubbish is the evidence you provide?
Paying employees more than a "minimum" lifestyle increases the money they spend in the local markets, which is an increase in demand, which if managed properly, strikes a new balance with supply, and creates a growing market.
You know, like the US Economy until various factions worked to gut the middle class, which all "economists" agree is the engine of a modern economy.
Nice try at argumentum ad absurdum though. More than a little bit ham-handed, but ... still
originally posted by: dawnstar
a reply to: Gryphon66
when I was raising my kids we were trying to feed a family of five on $30 a week....
it was really fun, believe me!! I got into the habit of just eating one meal about every other day..
funny thing is though, we didn't qualify for any of these programs and I could sit with pen and pencil and account for just about every cent we made really....we didn't have anything our single moms on welfare had, matter of fact we had less, but well after taxes we really didn't have enough.
that was over a decade ago though. think things have changed a little since then.