NZ just raised our min wage to $20 an hour. I work at least 50 hours a week. A teenager at MacDonalds now earns a good fraction of my income if they work the same hours. Despite my 4 year degree, near decade of experience and the responsibility's that I hold.
Min wage would be $44 / hour if it had grown at same rate as Wall Street bonuses
21–30 of 248 posts
Re: Min wage would be $44 / hour if it had grown at same rate as Wall Street bonuses
#22So what? I am fully in support of increasing minimum wage but I've been seeing articles like this for weeks and it is frankly garbage ragebait that I hesitate to call journalism.
Re: Min wage would be $44 / hour if it had grown at same rate as Wall Street bonuses
#23So what? I am fully in support of increasing minimum wage but I've been seeing articles like this for weeks and it is frankly garbage ragebait that I hesitate to call journalism.
Re: Min wage would be $44 / hour if it had grown at same rate as Wall Street bonuses
#24NZ just raised our min wage to $20 an hour. I work at least 50 hours a week. A teenager at MacDonalds now earns a good fraction of my income if they work the same hours. Despite my 4 year degree, near decade of experience and the responsibility's that I hold.
Re: Min wage would be $44 / hour if it had grown at same rate as Wall Street bonuses
#25NZ just raised our min wage to $20 an hour. I work at least 50 hours a week. A teenager at MacDonalds now earns a good fraction of my income if they work the same hours. Despite my 4 year degree, near decade of experience and the responsibility's that I hold.
Re: Min wage would be $44 / hour if it had grown at same rate as Wall Street bonuses
#26If minimum wage had grown at the same rate as the US federal debt it would be $408/hour
Re: Min wage would be $44 / hour if it had grown at same rate as Wall Street bonuses
#27ok but how much would a sandwich cost?
Re: Min wage would be $44 / hour if it had grown at same rate as Wall Street bonuses
#28Earlier quoted context omitted.
Correct. And how it turned out is that very, very few people earn minimum wage. In 1979 it was 13.4% In 2017 it was 2.3% In 2017, 1% of workers aged 25 or older earned minimum wage. 8% of working teenagers do. https://www.bls.gov/opub/reports/minimum-wage/2017/home.htm
From the reports fine prints: "Estimates of the number of minimum wage workers in this report pertain only to workers who are paid hourly rates. Salaried workers and other workers who are not paid by the hour are excluded, even though some have earnings that, if converted to hourly rates, would be at or below the federal minimum wage. Consequently, the estimates presented in this report likely underestimate the actua…
Re: Min wage would be $44 / hour if it had grown at same rate as Wall Street bonuses
#29Re: Min wage would be $44 / hour if it had grown at same rate as Wall Street bonuses
#30Earlier quoted context omitted.
Correct. And how it turned out is that very, very few people earn minimum wage. In 1979 it was 13.4% In 2017 it was 2.3% In 2017, 1% of workers aged 25 or older earned minimum wage. 8% of working teenagers do. https://www.bls.gov/opub/reports/minimum-wage/2017/home.htm
From the reports fine prints: "Estimates of the number of minimum wage workers in this report pertain only to workers who are paid hourly rates. Salaried workers and other workers who are not paid by the hour are excluded, even though some have earnings that, if converted to hourly rates, would be at or below the federal minimum wage. Consequently, the estimates presented in this report likely underestimate the actua…