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Min wage would be $44 / hour if it had grown at same rate as Wall Street bonuses

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21–30 of 248 posts

Re: Min wage would be $44 / hour if it had grown at same rate as Wall Street bonuses

#21
post #14

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.

Are you going to switch jobs to work at McD?

Re: Min wage would be $44 / hour if it had grown at same rate as Wall Street bonuses

#22

So 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.

Why should Wall Street bonuses grow this much and minimum wage not?

Re: Min wage would be $44 / hour if it had grown at same rate as Wall Street bonuses

#23

So 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.

So what? The wealth gap is increasing. Its increase is so huge we need examples like this to just comprehend how bad it's gotten.

Re: Min wage would be $44 / hour if it had grown at same rate as Wall Street bonuses

#24
post #14

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.

You are arguing the wrong point, it is you who should be paid more rather than the teenager who should be paid less.

Re: Min wage would be $44 / hour if it had grown at same rate as Wall Street bonuses

#25
post #14

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.

I fail to see the problem?

Re: Min wage would be $44 / hour if it had grown at same rate as Wall Street bonuses

#28

Earlier 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…

What proportion of salaried positions do you really think are paying $16k/year? I feel like people are stretching to paint a more meager picture than reality. Same with all the chatter about multiple jobs, when BLS numbers were also really low, single digit percentages if I'm not mistaken.

Re: Min wage would be $44 / hour if it had grown at same rate as Wall Street bonuses

#30

Earlier 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…

FWIW, you can't be classified as salaried and exempt from FLSA if you're getting paid minimum wage and working 40 hours/week or less. The federal limit for salaried exempt is equivalent to like $17/hour, and many states tie it to a multiple of minimum wage (e.g. 2x minimum wage in California)
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