Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Hopefully it doesn't get to where you need a billion dollars to buy a loaf of bread like people needed in Zimbabwe.
The difference is that at least people were paid hundreds of millions of dollars in Zimbabwe. If we had that type of hyperinflation here do you think wages would rise? Nope, not at all.
We don't have hyperinflation right now. Inflation has been quite low here in the US for the past several years.
ShadowStats.com gives you permission to re-publlsh any charts on our website except for subscription-only material*. All use is subject to the terms and conditions set out on this page. If you have any special requirements, please contact us.
Quote:
Webmasters, Bloggers and Forum Posters
Provide a link to shadowstats.com. This may be done with a separate text link or use the image itself.
You have a lot of adults working such jobs today. The largest job growth have been in low wage service sector jobs.
It's good that you've identified this problem... We should focus on solving this problem. Not arbitrarily raising minimum wage to something that makes no sense.
It's good that you've identified this problem... We should focus on solving this problem. Not arbitrarily raising minimum wage to something that makes no sense.
The problem with focusing on solving the problem is that you have 300+ million Americans who seem to disagree on the solutions.
As a result, while we're busy debating over which solutions are the best and should be implemented, the problem continues to fester.
As John F. Kennedy aptly put it, "There are risks and costs to action. But they are far less than the long range risks of comfortable inaction."
I’m very glad I’m not a high school kid in Seattle these days. With wages andunemployment high, there will be little opportunity to get a job and earn myself some spending money because I’m not yet capable of producing $15 worth of work in an hour; consequently no work experience to put on my resume when I do get a chance at a job.
And Old-Economy-Steve Mom and Dad will be telling me to "just get yourself out there" and “pound the pavement” because “there are always jobs” and calling me a lazy sluggard because I can’t find work.
But at least the politicians can feel good about themselves!
This post right just shows the ignorance some people have when discussing these topics. The unemployment rate is 4% in the city of Seatle among the lowest in the nation. Want to try again, this time with something more informed. ?
Disagree 5% is very low, unless its a grocery store.
Yes, according to the statistics it's actually closer to 10-15% depending on your business, but I also think people underestimate the amount of small business failures versus profitable sustainable businesses. According to the SBA stats, 3 out of 10 businesses don't make it out of their 1st year, and 5 out of 10 don't make it past year 4.
The overall point was correct though. A $15 minimum wage is going to make it more difficult for small businesses to survive in that environment.
How are they exploiting anyone? Businesses offer a certain job for a certain pay. It is up the to employee to accept the job or not. If they think they are being exploited, why would they accept the job?
They accept the job because wages in general are pushed down right now, and this is leading to a lot of underemployed or unemployed people in the market looking for anything.
It's supply and demand, and business has figured out EXACTLY the rate at which SUPPLY can be controlled to keep wages down. All of those in the jobs they made more at along with more of them, are now making less.
6% unemployment will be as low as we ever see in this country again.
Yes, according to the statistics it's actually closer to 10-15% depending on your business, but I also think people underestimate the amount of small business failures versus profitable sustainable businesses. According to the SBA stats, 3 out of 10 businesses don't make it out of their 1st year, and 5 out of 10 don't make it past year 4.
The overall point was correct though. A $15 minimum wage is going to make it more difficult for small businesses to survive in that environment.
Pass the cost along to your customers. Customers won't pay? Then they don't really want or need your service/product, and your business is no longer viable or essential. Those 15.00 employees will need to go elsewhere to work.
We have a habit in America of promoting failure. This just breeds discontent and poor performance. It's time to demand better of each other, and to expect to be compensated for it. We have been "cheaping out" a lot lately (the Wal Mart effect) and nothing good has come from it. Inflation was steadily low for a while, but eventually, that is now coming home to roost.
So low wages + and the cost of everything now climbing = disaster.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
