It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
1980 / 1990 / 2000 / NOW / Increase
Minimum wage $3.10 / $3.80 / $5.15 / $7.25 / 234%
Real value $5.90 / $4.56 / $4.69 / $4.87 / -121%
New car $7,210 / $16,000 / $24,750 / $31,252 / 433%
Monthly Rent $243 / $447 / $602 / $800 / 329%
Stamp 15 cents / 25 cents / 33 cents / 45 cents / 300%
Gallon of gas $1.25 / $1.16 / $1.26 / $3.25 / 260%
Dozen eggs 91 cents / $1 / 89 cents / $2.68 / 295%
Gallon of milk $2.16 / $2.78 / $2.88 / $3.43 / 159%
Loaf of bread 50 cents / 70 cents / $1.72 / $2.79 / 558%
Pound of beef $1 / 89 cents / $2.79 / $3.99 / 399%
Movie ticket $2.69 / $4.23 / $5.39 / $8.05 / 299%
Disney World 4-day (1982)$45.00 / $104 / $176 / $277 / 616%
Should Be: $3.10 / $5.12 /$ 9.16 / $11.29/ 364.10%
If you take the 3.10 wage and the first column costs, you could bank almost 10%
in the last column figures, you would have .002%.
edit on 26-12-2013 by imd12c4funn because: ad calculations
The truth of the matter is that the system is broken and no amount of tweaking will fix it for the long run.Any system put into place will be corrupted by the tendancy of human nature to consider only me,me,me.This is why the rich get richer and keep the poor getting poorer.The people with the money control the government.Giving them the power and ability to supress the ability of those under them to financially advance themselves.
After all if they don't supress the working man they will have less money availible to them to get richer.Put yourself in their shoes and see what you would do.To me these people are sociopaths and don't care about the good of society.The only benefit they want is to themselves.The rest of us are only here to make life easier for them.
What's the answer to this problem? I don't know,but, I think that the result will be rather ugly.That time is coming as the common man can no longer support his family.When the family begins to suffer because they can no longer afford food or bills, there will be a backlash,and it will be very ugly.The huge jump in homeless numbers is pointing the way.What happens when those numbers include most of us,even those who can find a job.Those numbers include more and more whole families.
How will you feel when your children are starving cause the elites have aquired so much money that your kids are dying of starvation.That time is just around the corner.They will not stop until we stop them.They don't care that our families suffer to their benefit.As long as they aquire more and more money that they don't really need,they are happy to watch the rest suffer.I mean seriously, just how much money do you really need? Billions? Trillions? How much is enough.
Where is the moral justification for this.This is nothing more than selfish greed.Money for monies sake.The saying: Money is the root of all evil, comes to mind.
I apologise for what seems to be a rant here.Seeing families becoming homeless so that the rich can aquire more and more money boils my blood.The minimum wage is just a small part of a system that is badly broken.Small tweaks are not gonna fix the problem.
From 1978 to 2012, CEO compensation measured with options realized increased about 875 percent, a rise more than double stock market growth and substantially greater than the painfully slow 5.4 percent growth in a typical worker’s compensation over the same period.
Using the same measure of options-realized CEO pay, the CEO-to-worker compensation ratio was 20.1-to-1 in 1965 and 29.0-to-1 in 1978, grew to 122.6-to-1 in 1995, peaked at 383.4-to-1 in 2000, and was 272.9-to-1 in 2012, far higher than it was in the 1960s, 1970s, 1980s, or 1990s.
Walmart, one of the richest corporations in the world, refuses to pay its employees a livable wage or provide any form of decent healthcare, increasing reliance on government assistance, and the need for a social safety net.
At over $446 billion per year, Walmart is the third highest revenue grossing corporation in the world. Walmart earns over $15 billion per year in pure profit and pays its executives handsomely. In 2011, Walmart CEO Mike Duke – already a millionaire a dozen times over – received an $18.1 million compensation package. The Walton family controlling over 48 percent of the corporation through stock ownership does even better. Together, members of the Walton family are worth in excess of $102 billion – which makes them one of the richest families in the world.
What is shameful is that CEO Mike Duke makes more money in one hour, than his employees earn in an entire year.
find out why the minimum wage was enacted into law in the first place, and you will know why we have it now...I will say this again...without minimum wage, employers would eventually pay just enough, so you could survive to the next day to come in and work...look at 3rd world countries, and how businesses pay those people there, and you will see how they would pay workers here.
Just on kind of a side note.
I recently read somewhere that if the minimum wage had kept pace with inflation since the 70's, it would now be around $40k/year. Funny that the average American now makes about $40k/year. So through money manipulation, and through passing unfair laws, the average American is now making the 1970's equivalent of minimum wage.
For years there was a conspiracy theory that some were out to drop the US standard of living because Americans were tearing through the planets resources at a break-neck pace. I have to wonder now if there is any truth to all that. If we all were making more, we would be consuming more. We'd have a golden age, for a short time, followed by a quick return back to the dark ages after the ride was over and the resources gone.
Anyway... I get what you're saying about the hypothetical "golden age" and the end of the ride, so to speak, and it does seem to be a fairly logical view. However, I'll point out that if so many companies didn't employ the tactic of planned obsolescence with so many products, and actually built things to last, this problem of rapidly consuming resources could be drastically reduced. Even if people could afford to buy more.