Inequality.org

connecting the dots on a growing divide

The Minimum Wage Is Stuck at $7.25; It Should Be $21.16 — or Higher

America’s minimum wage was raised to $7.25 per hour on July 24, 2009.  It’s still there.  Unlike almost all other federal benchmarks, the minimum wage is not updated for inflation.

The minimum wage reached its (inflation-adjusted) historic high in 1968, when it was raised from $1.40 to $1.60 per hour.  Adjusted for inflation using the BLS online inflation calculator that would come to $10.55 per hour in 2012 dollars.

That $10.55 figure is the focus of a nationwide campaign organized by the National Employment Law Project (NELP).  In today’s political climate it would certainly be a major accomplishment to achieve a $10.55 minimum wage.  But $10.55 is still far too low.

Using 1968 as our benchmark for the minimum wage implies that low-wage Americans today should be making just as much as low-wage Americans were making 44 years ago.  That benchmark is — frankly — ridiculous.

Can you imagine Americans of 1968 settling for a minimum wage standard of living that had been set based on 1924 standards?  What about 1880 standards?  At some point we should expect low-wage workers to start living better than they used to.  Don’t low-wage Americans deserve to live in the 21st century, not the mid-20th?

Can you imagine Americans of 1968 settling for a minimum wage standard of living that had been set based on 1924 standards?  What about 1880 standards?  At some point we should expect low-wage workers to start living better than they used to.

A better way to update the minimum wage is to benchmark it to personal income growth in the economy as a whole.

Per capita real personal income excluding current transfer receipts — that is, the personal income earned in the economy, excluding Social Security and other government programs, adjusted for inflation — has grown by 100.6% since 1968.

In other words, the NELP has it too low — by half.  If our standard for minimum wages had kept pace with overall income growth in the American economy, it would now be $21.16 per hour.

Yes, had the US income distribution and US standards of decency remained exactly what it was in 1968, the minimum wage would now be $21.16 per hour.

I grew up on the idea that America stood for progress, continual progress toward a better society.  Even a $21.16 minimum wage wouldn’t represent progress.  It would mean socially standing still, just with better technology and higher productivity levels.  Progress would mean a minimum wage in excess of $21.16 per hour.

Of course, a minimum wage in the mid-20s is politically inconceivable.  But it is technically, economically, and socially realistic.  The only reason we can’t have it is the greed of those at the top and the intransigence of those at the near-top.  The only reason we can’t have it is that we don’t want it.

We are not the Americans of 1968.

  • Jimjayhawk

    Sounds great in theory… but is completely irrational and unrealistic. I’ve got 60 hrs post-master’s and 30 yrs in higher education and I don’t make much more than $21 an hour. Minimum wage should be a living wage, but it should also be a wage to motivate people to gain the education and training to be able to contribute more AND earn more. 

    • Eric Merrow

      I totally agree myself.  If the minimum wage were to increase like that, how then will it affect the professionals who have sought higher education and personal betterment. It would then have to increase professionals’ incomes to match that rate of increase proportionally otherwise the ones who earnestly worked for and earned their pay would be unfairly matched and then what incentive is there to reach for higher goals…if the guy who didn’t seek education was allowed to match your income when you worked, payed, and sacrificed time to get where you are now.  This would then mirror ideals of a socialist economy which we know is flawed. Also how would this increase in American minimum wage and possibly professional wages affect trade and global economy?  This is way to unrealistic. 

      • Dan Bolden

        A basic understanding of economics would let you know that a rising tide lifts all boats.  If janitors make $21.16/hr, then you would make more.  It’s surprising that you wouldn’t want that.

        And the idea that the lower-income, less-educated workers HAVEN’T “earnestly worked for and earned their pay” is elitist, ignorant, and quite possibly racist.

        But, as you don’t seem able to comprehend the difference between “to” and “too”, that might be a little over your head.  [/elitism, directed at you]

        PS-”Payed”?  “Payed?”  Having a little trouble finishing fourth grayed, are we?  You uneducated dolt.

        • http://www.facebook.com/defenestrationofdoug Doug Henning

          $21.16 sounds nice unless a loaf of bread costs $15. You have to peg it to a living wage. Race doesn’t come into it. Prices do.

          • ANONYMOUS

            YOU’RE THE KIND OF STUPID PERSON THAT RICH PEOPLE LOVE BECAUSE YOU HELP THE RICH BECOME RICHER AND PREVENT THE AVERAGE PERSON FROM HAVING A NORMAL DESCENT LIFE

          • Alden

            The rich can only be so far ahead by keeping everyone else down, and thus, is exactly what they have been doing: they exploit everybody they can in the name of pure greed.

        • ANONYMOUS

          EXACTLY, WHICH IS WHAT I’VE BEEN SAYING FOR DECADES !!!

        • Dan

          Grayed? Now that’ s just damn funny. I’m reminded of a story about stones and glass houses!

        • Brian

          Basic Economics tells us that minimum wage should not exist at all. Imagine an employer could hire 2 employees for $15 an hour. At a minimum wage of $7.50 each. Suppose minimum wage doubles to $15. Companies operate at a point where marginal cost equals marginal benefit. The employer may now A. Reduce labor by 1 worker. B. Raise his prices to compensate C. Take less pay home

          A. Is the most logical choice.

          B. Now, he will sell less of his product so no net gain exists. Also everyone’s dollar is now worth less at his store.

          C. The effects of income redistribution are realized and the society has become less free due to Socialist policy.

          Economics is about what is not seen. Minimum wage increases will raise the wages of some but reduce that of others and result in unemployment.

          “The sweeter the first fruits of harvest, the more bitter the latter” – Bastiat

        • Brian

          I am an economist. Your argument is normative. No theory exists which supports this argument. In fact, everything we know says the exact opposite. A rising tide lifts all boats including prices. Simply changing a number attached to minimum wage will have 0 effect positive or negative in the long run except reduce the value of the dollar. The market will correct and adjust back to equilibrium. Basic Economics.

          Please, everyone do not listen to this man…. If you love your country and puppies.

          • pappy

            I think wages lag behind inflation. And in some cases as in this one way behind. Unions strike or people demand higher wages (but hardly ever get them) when the cost of living goes up and they haven’t had a raise in many years. Its not the other way around in my experience. Real wages have actually receded in the past few years because of high unemployment and continue to recede despite a small decrease in unemployment., but prices are still going up. I see my grocery bill rise almost every week. When wealth becomes so imbalanced as it is in this country it actually lowers the amount of money in circulation as the rich hoard their great wealth in off shore banks and tax shelters. And as the rest of the people who normally do most of the spending have less and less to spend. Yet prices still rise. We are now about 20 years behind a massive correction in wages. Because all of the correction mechanisms like collective bargaining , minimum wage etc. have been beaten down by right wing politicians for the past 30 years. (Since Ray Gun started the movement in the 80′s). Obama is right. Unless we correct for this decrease in the credit free buying power of the middle class in this consumer economy our sluggish economy will go back into recession. We can’t borrow our way out of it like we tried before the crash. The export economy is doing better now as we are manufacturing more and exporting to other countries. Proof that we can compete with China because an American worker is 4X more productive than a Chinese worker and makes a much better product which fetches a better price. But because of greed, the wages are still so low that despite the recent small decrease in unemployment people still don’t have the disposable income they had back in the 50′s and 60′s and 70′s. They’re just getting by on not much more than they got on unemployment . Before it ran out. If we would just raise our standards to 21st century levels and pay people a living wage, it would also reduce unemployment because fewer people would have to work 2 or 3 jobs nor have to work so long before they retire. We would lower the supply of labor. Reduce unemployment, and raise living standards along with increased spending and a growing domestic economy. We can do better. But instead in this richest country on earth we decided to do the exact opposite . Why? To give the greedy more wealth than they can ever use? CEO’s don’t have to and shouldn’t make 400X what the average worker makes. It just makes them more lazy and less productive when they are already richer than they ever imagined possible. Give them less and they will have to work harder and longer hours to satisfy their greed. Just like many middle class workers have been working 2 or 3 jobs just to improve their living standards. They don’t like living in poverty and on welfare like the moronic republicans have been inferring . Time to turn things back around. Abolish slavery again.

      • ANONYMOUS

        YOU’RE AN IDIOT, LACKING IN COMMON SENSE, MEANING THAT BEING ABLE TO MEMORIZE OR MAKE COMPUTATIONS IS NOT THE ONLY THING THAT MARK INTELLIGENCE THAT HAVING AND USING COMMON SENSE IS REAL & ACTUAL DEFINITION OF BEING SMART: OPPOSITE OF WHAT YOU SEEM TO BE: THE KIND OF IDIOTS THAT INFEST OUR GOVERNMENT AND IN EACH AND EVERY GOVERNMENT & THE POLICE & ALSO COURTS & LAWYERS & DOCTORS & ALSO POLITICIANS & TEACHERS, NONE OF WHOM HAVE ANY REAL COMMON SENSE: MINIMUM WAGE OUGHT TO BE PROPORTIONAL TO INFLATION. EVEN BETTER WOULD BE TO FORCE SAME INCOME TO ALL JOBS AT ALL LEVELS WITH ONE EXCEPTION THAT RAISE IN THE MINIMUM WAGE OUGHT TO GO WITH & TO FAMILY/IES WITH PROPORTIONAL INCREASE IN NUMBER OF CHILDREN THAT MORE CHILDREN MEANS MORE SALARY ! INCLUDING TO RID OF ALL TAXES, EXCEPT FOR SALES TAX IS THE ONLY MORAL AND LEGAL TAX: PROPERTY TAX IS NOT LEGAL NOR IS ANY OTHER TYPE OF TAX OR FEE INCLUDING FORCE TO PAY TO PARK ONE’S CAR IS ALSO NOT LEGAL NOR IS DOZENS OF LAWS TO MAKE RICH RICHER: THE ENTIRE MEANING ALMOST ENTIRE LEGAL SYSTEM IS NOT LEGAL MEANS CORRUPTS IN THE WORST WAY IS WHY ONLY ONE TAX IS LEGAL THAT IS SALES TAX INCLUDING NO CHARGING CRAZY % ON CREDIT CARD ELSE TO IF BANKS WANT TO CHARGE % ON CREDIT CARD, THEN THEY [BANKS] CAN NOT GET GOVERNMENT TO FORCE YOU TO PAY FOR COLLEGE TO GET THE WORTHLESS DEGREE TO GET A JOB: IS SIMPLY PAYING BRIBE TO GET A PERMIT TO WORK, SORT OF LIKE TAXI DRIVER DO IN NEW YORK CITY PAY LICENSE TO WORK IS EXTORTION RACKET ! MEANING OUR GOVERNMENT & ALL GOVERNMENTS R SIMPLY MAFIA[S] & THE POLICE ARE NOTHING MORE THAN THUGS IN UNIFORM: IS TRUTH !!! INCLUDING MAKE DIESEL ENGINE LEGAL AND THE ONLY OPTION WHILE MAKING THE PETROL ENGINE NOT LEGAL WOULD HELP GREATLY TO REDUCE EVIL & CORRUPTION IN OUR INCOMPETENT GOVERNMENT SYSTEM IS INFESTED WITH IDIOTS ! INCLUDING ALMOST ALL POLICE & COPS ARE IDIOTS WITH LITTLE OR NO COMMON SENSE & SAME POLICE PROBLEM IN EACH AND EVERY COUNTRY WHERE STRONG PREY UPON THE WEAK[ER] IS NOT GOOD & USING FAKE LEGAL CODE TO JUSTIFY CRIMINAL ACTIONS & ACTIVITIES LIKE BANKS FORECLOSING ON HOUSES IS NOT LEGAL AND ANY COP[S] OR/AND POLICE THAT ALLOW IT ARE CRIMINALS & SIMPLY THUGS IN UNIFORM WORKING FOR MAFIA[S], LIKE IN ONE OF THE ORIGINAL STAR TREK EPISODE WHERE USA IS CONTROLLED BY A DOZEN MAFIAS: REFERRING TO THE ILLUMINATI

        • davidotazu

          Yup, you’ve gone cuckoo.

    • Dan Bolden

      The fact that you make so little does not mean that the less-educated, less-”deserving” should make less.  It means that you are getting screwed.

      If the minimum wage was a decent wage, then you could leverage your oh-so-precious “higher education” and earn more.  Instead you complain that if the poor are not kept at near-starvation, your precious mediocrity will be threatened.

      Sounds as if you didn’t learn that much in school, after all.

    • ANONYMOUS

      YOU’RE AN IDIOT, THE KIND OF IDIOTS THAT INFEST OUR GOVERNMENT AND IN EACH AND EVERY GOVERNMENT & THE POLICE & ALSO COURTS & LAWYERS & DOCTORS & TEACHERS, NONE OF WHOM HAVE ANY REAL COMMON SENSE: MINIMUM WAGE OUGHT TO BE PROPORTIONAL TO INFLATION. EVEN BETTER WOULD BE TO FORCE SAME INCOME TO ALL JOBS AT ALL LEVELS WITH ONE EXCEPTION THAT RAISE IN THE MINIMUM WAGE OUGHT TO GO WITH FAMILY WITH PROPORTIONAL INCREASE IN NUMBER OF CHILDREN THAT MORE CHILDREN MEANS MORE SALARY ! INCLUDING TO RID OF ALL TAXES, EXCEPT FOR SALES TAX IS THE ONLY MORAL AND LEGAL TAX: PROPERTY TAX IS NOT LEGAL NOR IS ANY OTHER TYPE OF TAX OR FEE INCLUDING FORCE TO PAY TO PARK ONE’S CAR IS ALSO NOT LEGAL NOR IS DOZENS OF LAWS TO MAKE RICH RICHER: THE ENTIRE MEANING ALMOST ENTIRE LEGAL SYSTEM IS NOT LEGAL MEANS CORRUPTS IN THE WORST WAY IS WHY ONLY ONE TAX IS LEGAL THAT IS SALES TAX INCLUDING NO CHARGING CRAZY % ON CREDIT CARD ELSE TO IF BANKS WANT TO CHARGE % ON CREDIT CARD, THEN THEY CAN NOT GET GOVERNMENT TO FORGET YOU TO PAY FOR COLLEGE TO GET THE WORTHLESS DEGREE TO GET A JOB: IS SIMPLY PAYING BRIBE TO GET A PERMIT TO WORK, SORT OF LIKE TAXI DRIVER DO IN NEW YORK CITY PAY LICENSE TO WORK IS EXTORTION RACKET ! MEANING OUR GOVERNMENT & ALL GOVERNMENTS R SIMPLY MAFIA[S] & THE POLICE ARE NOTHING MORE THAN THUGS IN UNIFORM: IS TRUTH !!!

      • ANONYMOUS

        YOU’RE AN IDIOT, THE KIND OF IDIOTS THAT INFEST OUR GOVERNMENT AND IN EACH AND EVERY GOVERNMENT & THE POLICE & ALSO COURTS & LAWYERS & DOCTORS & TEACHERS, NONE OF WHOM HAVE ANY REAL COMMON SENSE: MINIMUM WAGE OUGHT TO BE PROPORTIONAL TO INFLATION. EVEN BETTER WOULD BE TO FORCE SAME INCOME TO ALL JOBS AT ALL LEVELS WITH ONE EXCEPTION THAT RAISE IN THE MINIMUM WAGE OUGHT TO GO WITH FAMILY WITH PROPORTIONAL INCREASE IN NUMBER OF CHILDREN THAT MORE CHILDREN MEANS MORE SALARY ! INCLUDING TO RID OF ALL TAXES, EXCEPT FOR SALES TAX IS THE ONLY MORAL AND LEGAL TAX: PROPERTY TAX IS NOT LEGAL NOR IS ANY OTHER TYPE OF TAX OR FEE INCLUDING FORCE TO PAY TO PARK ONE’S CAR IS ALSO NOT LEGAL NOR IS DOZENS OF LAWS TO MAKE RICH RICHER: THE ENTIRE MEANING ALMOST ENTIRE LEGAL SYSTEM IS NOT LEGAL MEANS CORRUPTS IN THE WORST WAY IS WHY ONLY ONE TAX IS LEGAL THAT IS SALES TAX INCLUDING NO CHARGING CRAZY % ON CREDIT CARD ELSE TO IF BANKS WANT TO CHARGE % ON CREDIT CARD, THEN THEY [BANKS] CAN NOT GET GOVERNMENT TO FORCE YOU TO PAY FOR COLLEGE TO GET THE WORTHLESS DEGREE TO GET A JOB: IS SIMPLY PAYING BRIBE TO GET A PERMIT TO WORK, SORT OF LIKE TAXI DRIVER DO IN NEW YORK CITY PAY LICENSE TO WORK IS EXTORTION RACKET ! MEANING OUR GOVERNMENT & ALL GOVERNMENTS R SIMPLY MAFIA[S] & THE POLICE ARE NOTHING MORE THAN THUGS IN UNIFORM: IS TRUTH !!! INCLUDING MAKE DIESEL ENGINE LEGAL AND THE ONLY OPTION WHILE MAKING THE PETROL ENGINE NOT LEGAL WOULD HELP GREATLY TO REDUCE EVIL & CORRUPTION IN OUR INCOMPETENT GOVERNMENT SYSTEM IS INFESTED WITH IDIOTS ! INCLUDING ALMOST ALL POLICE & COPS ARE IDIOTS WITH LITTLE OR NO COMMON SENSE & SAME POLICE PROBLEM IN EACH AND EVERY COUNTRY WHERE STRONG PREY UPON THE WEAK[ER] IS NOT GOOD & USING FAKE LEGAL CODE TO JUSTIFY CRIMINAL ACTIONS & ACTIVITIES LIKE BANKS FORECLOSING ON HOUSES IS NOT LEGAL AND ANY COP[S] OR/AND POLICE THAT ALLOW IT ARE CRIMINALS & SIMPLY THUGS IN UNIFORM WORKING FOR MAFIA[S], LIKE IN ONE OF THE ORIGINAL STAR TREK EPISODE WHERE USA IS CONTROLLED BY A DOZEN MAFIAS: REFERRING TO THE ILLUMINATI

    • http://www.facebook.com/remccainjr Edward McCain

      Using your logic, we should *reduce* minimum wage, so people will have even *more* motivation to ” gain the education and training to be able to contribute more AND earn more.”

      I’m not sure *how* the people will be able to afford such training and education, but why worry about such trifles?

      • http://www.facebook.com/rottensquash Channing Shattuck

        And using your implied logic, why not *increase* minimum wage to $100/hr? Why not $1000/hr? More money, more goes back into the economy right? Incentives be damned. Let’s make everyone rich!

        • http://www.facebook.com/kasey.endsley Kasey Endsley

          You sir are an idiot.

          • Andrew

            No your an idiot, its called satire….ZzZz

          • fag

            you’re

        • Alden

          You would do much better in life if you learned some critical and abstract thinking skills.

        • Step

          The problem is people that take it to extremes on either view. Perhaps in the future with the value of a dollar going down eventually it will make its way where a $100/hr minimum wage is necessary. The point isn’t to make everyone rich. The point is to ensure more people are able to stand on their own two feet and then work their way up from there. More people earning wages that results in them being above poverty means less need for government assistance programs. Which further results in less need for tax revenue. Which further results in tax rates going down. Taxing the rich more pretty much compensates not taxing the poor and giving tax credits and government assistants to those that are poor.

    • Wgoro

      This just means you too are underpaid. Minimum wage covers lowest standard of living. If wages overall had kept up with productivity, you, me and everyone who works for a living should be getting paid much, much more.

    • anonoymous

      you have a masters and only make that much!!

      I use to be a manager for a fast food chain on the west cost and was making 18.50 an hour + bonus! and i wasn’t even a store manager. they make over $100,000 a year! This company takes such great care of its employees and they have such a low turn over rate because no one ever leaves. The company invests in its employees by paying them a ]starting pay of $10.50 an hour, and in turn, the employee stays with the company for over 20 years. and the top CEO’s of the company, well if the store manager is making well over $100,000 a year, you can imagine how much the President of the company makes! This business is family owned and the secrete to their success is they don’t spend millions of dollars of advertising on TV. and millions on research developers of adding new things on their menus. The menu had been the same since the first day it open way back in 1948. Burgers, fries and and shakes made with real ice cream! Everything is fresh and never frozen with no chemicals added. They keep it old school and almost all their advertising is on Billboards and Radio ads, and their food is so amazing that people wait 15 mins if that to get their burger because the FOOD is THAT AMAZING and worth the wait! they’ve been around since 1948 and growing strong across the mid west! They even give their part time employees dental and vision and a 401K plan.

      Ever heard of In N Out Burger??

      Look it up cause its The best company to work for!

      Check to see if there is one opening near you soon, cause when they do, the line just to apply takes about an hour to stand in!!

    • Dan

      You might want to re-analyze your career choices. I have no college degree and am making just under $45 bucks an hour. However I have worked my butt off to get where I’m at. Simply giving somebody $21.16 an hour for getting out of bed makes no sense. How can somebody honestly think paying a person $21.16 an hour to flip burgers and make fries makes any sense?

      • Pappy days

        Well many CEO’s, directors, VPs, and upper echelon people in big business get millions a year and don’t do near as much as the average worker who works for 1/400th (and many times even less) than what the average CEO makes. And the real workers are the ones who have to jump through all the hoops to make their boss’s sometimes ridiculous ideas work. I have never seen a CEO yet who can do 400 times what the average worker does in a day. Most can’t even do near as much as a single worker. And many days they don’t even get out of bed. If a CEO makes 400 times what you make that’s $18000 an hour or 37.4 million a year. Apples Tim Cook makes more than 10X that at 378 million in compensation a year. Don’t you think this is even more nonsense than a min wage of $21.16 an hour or $44000 per year? A family of four can’t even make it on that when you consider a mortgage, retirement fund, health insurance and college tuition. And $7.25 or even $10 and hour is even worse than legalized slavery. It won’t even get them food, clothing and shelter. Heck even the slavers of the 19th century gave their slaves food, clothing, and a roof over their head. And it’s not just teenagers working for these wages. 40% of min wage workers are adults. If history is of any use to you , you would know that in the past competent business owners didn’t go under when min wages were raised or even when unions had power. They just had to accept the fact that they weren’t going to make as much of a windfall as before, and that their salaries would have to approach something more sane. And/or they would have to work for a change and compete for their success and not just steal from their workers what little they still had. And in fact it was better for the economy too. The economy didn’t slug along and then crash every few years like it does now. Time to end slavery again and get all those billions into the hands of the people who will circulate it through the economy again. Not hoard it in some offshore bank or other tax shelter. That will also reduce our national debt, because working people pay taxes.( The right is always coming up with this lame argument that the rich pay most of the taxes. That’s because they own 90% of the wealth. Yet as a percent of what they make they pay the least after all the loopholes and tax shelters.) Pretty stupid to expect a slave to be able to pay more of the tax burden when combined with the middle class they don’t even own 10% of all the wealth. Time to make the fat cats pay their share again. And also relieve the small business man of a lot of the tax burden along with the working man. Then a competent small business man could pay the higher wages. If they still can’t pay it than they are either greedy or incompetent and should go out of business. And if their is actually a market for what they were trying to sell, let a competent person come in and compete in the market. It worked before, and things were much better for everyone. END SLAVERY AGAIN.

        • Mert

          I’m in the Navy. I don’t make a whole ton of money, but I can live on it and buy some cool stuff too, if I’m smart. Now, it’s pretty easy to be on my hands and knees, scrubbing a deck or a toilet, or standing sentry at midnight in the sleet, or noon in August in the middle east and think about how my Captain is in his air conditioned stateroom sitting in a comfortable chair, while I’m freezing/sweltering/stuck in a hole trying to fix something and say, “you know, I deserve to make more than him. Look at the hoops I have to jump through to make his crazy ideas work.” But once I’m out of my hole, or out of the cold or hot or whatever, I once again join the ranks of critical thinking adults and say, “You know, I dropped out of college, had no real marketable skill and I’m lucky I found a place to work and a way to live. The Captain graduate with some sort of engineering degree, lifted himself above his peers who also had engineering degrees, completed a masters program, served well as a department head somewhere, served well as an Executive Officer, completed a tough command course and is now a Captain who is held accountable for everything that happens on this 2 billion dollar submarine. He’s held accountable for anything that anyone of the 130 odd officers and crew decide to do and he too has to bend to the crazy ideas that those above him come up with.” To even think for one second the way you do, that I deserve for some mythical reason to be compensated in anyway close to the way he is makes me sick to my stomach and question my manhood. You’re insane.

          • Samuel Thomas

            Your CO doesn’t make anywhere near 380 times what you make either. When you add it all up he might make triple what you make. While you’re both on leave he’s spending hours a day on the phone talking navy business while you don’t have a care in the world. Congrats, I think you just punctuated the man’s point, which was CEO’s make way to much to do so little.

        • Dan

          You sound like a socialist.

    • Step

      People will always be motivated to make more money. That’s why people in companies work their way up the latter. That’s why companies always strive to turn over a greater profit even if their higher ups continue to get richer and the lower downs continue to get poorer. Even entry level management who aren’t making much for themselves which they deserved will be told to send people home just to cut back cost for example. Upper management will say it is to cover lost, but in reality it is so they can collect all that money upwards. Oh but those entry level managers might be rewarded a nice little bonus at the end of the quarter. So I suppose they aren’t that innocent either.

  • Paul

    You need to take a basic economics class. A $21 minimum wage is not viable economically.

    • ANONYMOUS

      ECONOMICS IS A BRAIN WASHING TECHNIQUE OF THE RULING ELITE: THE RIGHT KIND OF LEADERSHIP CAN PREVENT IN-EFFICIENCIES, IS THE ONE MISSING INGREDIENT IN ALL WORTHLESS CONSTITUTIONS, DOES NOT EVER TALK ABOUT NOR CONSIDER HAVING A PROPER & CORRECT LEADER TO LEAD IN THE RIGHT & CORRECT DIRECTION & WITHOUT WASTING THE LIMITED RESOURCES: EXAMPLE: USE OF DIESEL ENGINE IS BETTER AND OUGHT TO BE MADE MORE LEGAL WHILE PETROL ENGINE IS IN-EFFICIENT & OUGHT TO BE BANNED: THE REAL REASON THAT THE REVERSE IS TRUE IS FOR REASON OF FEMINISM, TO GIVE POWER TO FEMINISM, WAS THE REAL REASON PETROL ENGINE WAS MADE LEGAL WHILE DIESEL ENGINE WAS MADE NOT LEGAL, WITH FEW EXCEPTIONS: EXCEPTIONS DO EXIST !

      • citizenw

        Where is Adolf when we need him, right?

    • anon

      Why? Australia has ~$16US/hr minimum wage, Sweded has ~$28US/hr minimum wage, what’s the big problem exactly?

    • Pappy

      $21. is not really that much in this day and age. People have been working for slave wages for so long now (30 yrs) that $21. seems incredible. But really, if the average middle class worker made the same percentage of the country’s total wealth or GDP as he did in the 50′s and 60′s when things were much better for everyone, (not just the top 1%), he would be making $21 an hour. And those are the standards of living we had for low wage workers back in the mid 20th century. Like the article said… shouldn’t we in the 21st century with all the increase of this nations great wealth, increase the standards of living that we expect for low wage workers? Shouldn’t society advance over time and not recede back to the barbaric squalor of the middle ages or before as fewer and fewer people own everything.? So it should actually be more than $21.16. That said, because this issue has been ignored for so long or in the case of fat cat republicans and neo liberals blocked for so long, playing catch up overnight would be quite a shock to the system as some of the incompetent less competitive businesses who have been just surviving on slave labor for so long, went out of business, and were replaced by more competent less greedy small business leaders, and until they changed the tax laws to be more friendly to small businesses and make the fat cats pay their share for a change. But we could start to phase it in over time raising it gradually over say 5 yrs.

  • Bolt_V3

    Raise that to 21, sure. Watch every item on the shelf move up by the same percentage to compensate. Yeah, you’ll have people making three times what they are now… but they’ll be paying three times more for everything they buy. Businesses are not going to take that hit and not raise prices.

    So nothing will change.

    • Ken

      Man, I hate to break it to you, but the items on the shelf have already gone up by that percentage, or haven’t you all noticed that food costs have skyrocketed? None of our salaries are keeping up with inflation. It is just more visible at the lower income levels.

    • anon

      Wrong. People will pay a “market” value regardless of what minimum wage is. Yes prices will go up a little, but not proportionately. A study of any other country except your own (yes, they do exist) will confirm that for you in about 3 minutes, but you’re probably too busy spouting that tired old rhetoric to even bother doing some actual research.

  • t-rex

    So, if the minimum wage rose, and then businesses raised their prices (as if that were their only solution for recovering that money–something tells me it’s not), wouldn’t “personal income growth in the economy as a whole” still rise, leading to an even higher minimum wage, as this article says it should be tied? It seems like the idea is to create an atmosphere where businesses take other measures besides lowering wages.

    • ANONYMOUS

      ANSWER IS SO SIMPLE SIMPLE AS 1 + 1 = 2, THAT IS ALL TO HAVE THE SAME EXACT INCOME, EXCEPT FOR A FEW THAT HAVE COMMON SENSE, SUCH AS MYSELF, WOULD BE GIVEN LIMITLESS SALARY, WHILE ALL THE OTHER IDIOTS WOULD BE GIVEN SAME EXACT SALARY, AND BY THE TERM IDIOT I MEAN THOSE THAT DO NOT HAVE COMMON SENSE WHICH IS 98 % OF THE HUMAN RACE DOES NOT HAVE COMMON SENSE, ELSE ILLUMINATI WOULD NOT HAVE BEEN GIVEN POWER TO TAKE OVER THE HUMAN RACE. AND, 2ND PART OF SOLUTION IS TO INCREASE SALARY OF FAMILY/IES WITH CHILD[REN], IN PROPORTION TO # OF CHILD[REN] THEY HAVE WOULD BAN ALMOST ALL GAYS & LESBIANS FROM SALARY RAISE OR INCREASE. AND, 98 % OF HUMAN RACE OF ADULTS WOULD HAVE SAME SALARY, IS HOW THE PROBLEM WOULD BE SOLVED IN ONE SINGLE DAY IN HOURS !!! INCLUDING TO IMPLEMENT A DOZEN COMMON SENSE RULES AND LAWS, SUCH AS TO BAN PROPERTY TAX IS ONE OF THOSE DOZEN RULES&LAWS INCLUDING TO BAN MANUFACTURE & SELLING OF ANY CANDY THAT HAS TOXIC LEVEL AMOUNT OF SUGAR IN IT, INCLUDING NO CARAMEL IN IT, IS 2ND RULE OR LAW OF THE DOZEN COMMON SENSE RULES AND LAWS !!!! INCLUDING TO BAN ALIMONY & CHILD SUPPORT & ALLOW POLYGAMY IS HOW TO STOP EVIL FEMINISM, IS TEST BY THE EVIL ILLUMINATI IF HUMANS DESERVE FREEDOMS OR NOT: HUMANS R FAILING TEST, REFERRING TO TEST OF COMMON SENSE. NEW RULING ELITE WOULD BE CREATED, NOT BASED ON MERITOCRACY NOR BASED ON ROYALTY NOR BASED ON STRENGTH NOR ON IQ LEVEL NOR ON LEVEL OF COURAGE NOR ON ATHLETIC ABILITY, BUT RATHER BASED ON LEVEL OF COMMON SENSE: ONE WITH MOST AMOUNT OF COMMON SENSE WOULD BE AT TOP OF THE RULING ELITE CLASS AND THOSE LACKING COMMON SENSE WOULD BE NEAR BOTTOM OF SOCIETY EVEN IF THAT PERSON SEEM TO BE A BRILLIANT SCIENTIST WOULD EARN SAME SALAR THAT OF ALL OTHER WORKERS IF LACKING IN COMMON SENSE, OUGHT TO BE THE ONLY CRITERIA TO WHERE THAT PERSON TO BE IN THE RULING STRUCTURE OF SOCIETY: WOULD ALSO GET RID OF ALL THE BULLY BOSS IN MANAGEMENT THAT HAVE IQ [COMMON SENSE] OF ANIMALS OR BUGS: HUMANS DO NOT VALUE COMMON SENSE IS THE REASON WHY SOCIETY IS SO MESSED UP & GETTING MESSIER MORE SO

      • idiotFinderNumberTwo

        “NOR ON IQ LEVEL…RATHER BASED ON LEVEL OF COMMON SENSE”

        “HAVE IQ [COMMON SENSE]”

        Nice way to contradict your self. Is IQ common sense or not? Maybe you should figure that out.

        I don’t even know how to reply to the rest. My intuition tells me you either have a few screws loose or are very young. In both cases you have a very iffy definition of common sense.

        Just for your reference. the definition of common sense is “Good sense and sound judgment in practical matters”.

        • citizenw

          Squirt that CapsLock key with a little WD-40

      • emjayay

        Please discover the caps lock key on your keyboard. Press it once. Hold down the shift key when typing the first word in a sentence.

  • RM

    I make $20,000/year, before taxes. That’s the most I’ve ever earned, and I’m in my early 30′s. Minimum wage jobs are not supposed to be for 30 year olds like me. They are meant for younger folks who are just starting out. You start out at minimum wage and work your way up within that company, or you start a business or get educated and move on to bigger things. It sucks that minimum wage is so low, but you aren’t guaranteed $10/hour just because you have a job. the real problem is that it’s so expensive to simply LIVE. Rent, car payments, gas, utilities, and basic food is all EXPENSIVE. I live on generic food and cheap veggies, have no rent, and still never have money to save up! The system as a whole is messed up, but raising the minimum wage to $10+ will only cause more economic distress,and low wage earners like me will lose our jobs.

    • ANONYMOUS

      YOU CAN BLAME OUR IDIOTIC GOVERNMENT FOR OBEYING TO IDIOTIC ILLUMINATI WHICH HAVE ALMOST NO COMMON SENSE: IF GOVERNMENTS DID NOT CHARGE PROPERTY TAX, THEN THERE WOULD BE NO NEED FOR SALARY INCREASE NOR WORRY ABOUT DEFAULTING ON LOANS EITHER ! INCLUDING WOULD DECREASE IN DEMAND FOR COLLEGE EDUCATION & WOULD RESULT IN DECREASE IN COLLEGE COST WOULD INCREASE THE NUMBER PEOPLE WITH EDUCATION THAT WANT AN EDUCATION RATHER THAN BEING FORCED TO GET AN EDUCATION BECAUSE IT’S THE LAW TO PAY BRIBE $ TO GOVERNMENT IN FORM OF DEGREE TO HAVE RIGHT TO PERMIT TO WORK IS WHAT DEGREE IS PERMIT TO WORK, SORT OF LIKE THE FAKE MARRIAGE LICENSE IS PERMIT TO HAVE SEX IS EXAMPLE OF THE LUNACY OF GOVERNMENT: IS WHY THE ONLY 2 REAL POLITICAL PARTIES ARE LIBERTARIAN & ANARCHIST: OUGHT TO BE IN ALL COUNTRIES TO RID OF ALL OTHER POLITICAL PARTIES & FOR USA TO RID OF REPUBLICANS & DEMOCRATS WORK FOR THE SAME MAFIA ORGANIZATION OF ILLUMINATI

      • pappy

        No property taxes means no schools, roads, sewers, water, etc. Where do you think the government gets the money to maintain all of this.?

    • ANONYMOUS

      I have to admire you for being one of the few that makes a low wage that gets it and doesn’t feel like they are owed something. Honestly that’s probably because your in your 30s not 20s.

      Things are expensive, your right! My guess is you are looking for something better… and that should be how it works to be honest.

      I’m not saying that $7 an hour is enough to live off of, but I am saying that a person should be responsible for trying to educate themselves and try and advance to a higher paying job.

      Has anyone given any thought to what would happen to the job market if minimum wage was $10 or $20 an hour. Everyone complains that jobs are moving to Mexico & China… but labor + shipping is cheaper than $10 an hour so companies go where they spend less money. Do we really want to make the minimum wage so high that every non-skilled worker in America cant find a job?

      • pappy

        So if they send all these low paying jobs to mexico, laying off all the American workers, who will buy all these products? A bunch of dirt poor Mexicans? Making 50 cents an hour? You can’t have your cake and eat it too. Thats why more jobs are returning to America. Even though Americans make much more. We finally realized after 20 yrs went by that when this strategy becomes rampant as it has , there are millions of layed off non consumers and non-customers. It’s like a pyramid scheme that only makes money for the first few companies that start it. But as the unemployment rate goes up, sales go down.

    • Robert Johns

      You’re wrong, because you lack a fundamental insight, it ios not the wealthy who create jobs, it is the consumers, consumers drive demand, demand increases when consumers have money to spend, how much demand is there in an economy where the vast majority of potential consumers have no disposable income? None, they are all too busy just staying alive, the moment that an economy has disposable income in the hands of the bulk of the consumers the economy is driven forward, wealthy 0.1%’s do not spend as much of their income on goods as the people in the 99%, if I earn 10 bucks an hour and a ceo is earning 1000 bucks an hour I am buying 1 car, he isn’t buying 100 cars, if I buy 10 pairs of jeans he isnt buying 1000 pairs of jeans, the higher up you go in the wealth chain the tinier & tinier the proportion of income earnt to income spent becomes, the more money you have the more that money is stagnated, & it is not flowing through the economy creating demand, creating jobs, essentially wealthy people don’t create jobs they kill jobs by stifling & stagnating the flow of money through the economy.

    • pappy

      Yeah that’s right. There are vacant higher paying jobs by the millions all over the place. When you get that experience you talk about just go out and pick one up. Piece of cake. Raising the min wage increases spending by millions of low wage workers. This is a consumer economy. Increased spending means more products and services will be sold. Which means businesses will have to expand to meet demand, which means more jobs. Not less. Comprende? Businesses that survive only on slave labor are incompetent and should fail. So that a more competent businessman can take over, make a profit based on the value of the product not on the amount he can cheat his workers out of.

  • Sprad4

    Excellent analysis of income inequality. We are bloated at the top, and unfortunately the CEO’s set their income at astronomical rates which are unnecessary and exorbitant. None of them are worth those obscene amounts of money. Money is like manure: if you spread it around it makes things grow, but if you pile it high it stinks to high heaven.

    • ANONYMOUS

      EXACTLY: I’VE BEEN SAYING THIS FOR DECADES: IT SEEMS THAT ONLY 2% OF HUMAN RACE HAS COMMON SENSE, WHILE THE OTHER 98 % R IDIOTS, IS WHAT PEOPLE R, WHEN IT COMES TO ECONOMICS AND POLITICS & DOING THE RIGHT THING & TO WHAT TO ALLOW AND NOT ALLOW INCLUDING GREATLY REDUCING POWER OF COPS AND POLICE ARE GIVEN POWER OF THE GODS TO THEM IS WHY ALMOST ALL COPS & POLICE ACT LIKE THUGS IN UNIFORM: SAME RESULT IN ALL COUNTRIES, BECAUSE ALL COUNTRIES R RULED BY TH AME EVIL MAFAI ORGANIZED CRIME SYNDICATE CARTEL ILLUMINATI R BUNCH OF ZIONIST & IDIOT SAVANTS WHO WANT TO CRATE BLISS BUT HAVE NO COMMON SENSE IS WHY THE ILLUMINATI FAIL EACH & EVERY TIME TO CREATE BLISS BECAUSE THEY DO NOT HAVE COMMON SENSE & THAT ALSO GOES FOR REST OF THE HUMAN POPULATION ALSO LACK COMMON SENSE SINCE HUMANS GIVE LIMITLESS POWER TO ILLUMINATI TO CREATE BAD LAWS TO HUMANS THEN WONDER WHY ? THE AMERICAN CONSTITUTION WAS FAKE & IS FAKE & MEANT TO BE FAKE BUT GULLIBLE PEOPLE DO NOT SEEM TO UNDERSTAND THAT BECAUSE OF PROPAGANDA IS HOW ROTHSCHILDS TOOK OVER THE AMERICAN GOVERNMENT AND THE SAME WITH WITH ALL COUNTRIES BY DECEPTIVE CONSTITUTIONS R MEANT TO GIVE POWER TO THE ROTHSCHILDS R BUNCH OF ZIONIST IDIOT SAVANTS

      • Alden

        A lot of the populous aren’t really idiots. They are just so focused on how to pay for their rent and eat a decent meal every day, they don’t have time to focus on making their lives better, or to be able to notice whats going on in politics, and thats exactly what the rich douchebags want so they can push things through legislation that reinforced this system of exploitation.

        However, the rest of the populous who distract themselves with sports and choose to ignore the world around them are indeed very stupid.

      • ger320

        Stop shouting in print!!! And, I would not read it.

    • nunya

      “We are bloated at the top, and unfortunately the CEO’s set their income at astronomical rates …” This is just a not factual. Board of directors generally set the pay for the CEO’s. The Board of directors are voted on by shareholders. If you really do not like it, become a shareholder. Get with your shareholders and make a change.

      CEO’s just like low level workers are offered a position and negotiate for their compensation. The CEO has more skills and has a stronger case for his compensation. While I think many seem over paid, That is up to the shareholders,board of directors, and owners of those institutions. Become one of those 3 and you will have a say in that.
      If you aren’t and still dislike it you other option is to not offer patronage to those business that you disagree with.

  • http://twitter.com/flowerpot504 aboveTHEclouds

    If minimum wage earners earned $50.00 an hr. they would remain minimum wage earners and thus will not experience an increase in goods and services; on the contrary, some will receive less. The more money in circulation, the more owners will charge for goods and services negating any salary increase.

    • ANONYMOUS

      NOT IF EVERY ADULT EARNING HAD SAME EXACT INCOME, EXCEPT FOR FAMILY/IES WITH CHILDREN, THOSE FAMILY/IES OUGHT TO BE GIVEN LARGER SALARY, PROPORTIONAL TO # OF CHILDREN THEY HAVE, WOULD BAN ALMOST ALL GAYS AND LESBIANS FROM ANY KIND OF SALARY RAISE WOULD SOLVE 77 % OF ALL ECONOMIC PROBLEMS OVER-NIGHT IN A DAY: THIS IS THE POWER OF COMMON SENSE IF HUMANS ONLY HAD COMMON SENSE IS LACKING IN HUMANS ARE ONLY SLIGHTLY SMARTER THAN BUGS

      • IdiotFinder

        The biggest idiot of them all going around calling others idiots. Thanks for the entertainment!

      • http://www.facebook.com/people/Natalie-A-Sera/743004321 Natalie A. Sera

        DON’T reward having more children! The world is grossly overpopulated as is. Concentrate on keeping the birthrate low, and then take good care of the children who are born. Let them be healthy, educated, and happy, and appreciate every person who is doing a job that has to be done. An honest day’s pay for an honest day’s work. Yes, some differential, but not the gross one that we’re currently seeing.

        • Rob

          labor is not the only cost in a product

    • pappy

      prices have continued upward. Without pause. Despite the economy and increased unemployment and lost wealth. The wage follows the inflation not the other way around. If wages are not increased with inflation you fall further and further behind because there is always inflation. We are now about 30 yrs behind. And have been doing the same stupid thing every time someone brings this issue up. And people are getting poorer. Maybe we should try the other approach don’t you think? It worked quite well back in the 60′s remember?

  • http://twitter.com/rustylongwood Rusty Longwood

    You’re making the ridiculous assumption that adjusting for inflation from one period to another only allows people to live at the standard of living of that previous period. That’s absolutely and completely false. While basic amenities such as food and power have matched inflation, the luxuries and technological advancements which have increased the standard of living so much have actually fallen substantially relative to inflation. A week’s minimum wage salary today can buy an internet connected laptop thousands of times more powerful than the world’s most powerful, warehouse-filling super computer in 1968. You can buy an 82 inch DLP 3D HDTV today for less than the greatest 23-inch color tube TV in 1968 after inflation! The cost of a new subcompact car in 1968 can get you a new subcompact today- but with all sorts of standard features like an automatic transmission, power steering, air-conditioning, CD players, power doors, power windows, front and side airbags, crumple zones, seatbelts, close to double the horsepower, twice the fuel efficiency, often an expected lifespan of 200,000 miles which would have been entirely unheard of in 1968! Ordinary Walmart workers can afford iPhones and iPads, technology not even the richest businessmen 20 years ago could have had! Our gas is unleaded, our homes are no longer covered in lead paint, many of our appliances use half the energy they used just 20 years ago. A wage adjusted for inflation leads to a higher standard of living over the years, not a lower one! To say that wages have to increase faster than inflation in order to allow for a higher standard of living is simply false. Further increasing minimum wages only incentivizes companies to either move jobs overseas or to invest more into downsizing or replacing their labor force with robots.

    • ANONYMOUS

      YOU DO NOT HAVE COMMON SENSE: DO YOU KNOW THAT A BOTTLE OF ROASTED PEANUTS IS NOW $ 6 TO $ 9 FOR BOTTLE OF ROASTED PEANUTS

      • davidotazu

        Why do you use all caps, repeat portions of your sentence and not argue against the main argument? Don’t fill the internet with trash.

      • Preston

        So a bottle of roasted peanuts cost $6 for a bottle of roasted peanuts to $9 for a bottle of roasted peanuts? How much money did you expect to pay for a bottle of roasted peanuts? $3 for a bottle of roasted peanuts? $4 for a bottle of roasted peanuts? A bottle of roasted peanuts is a lot of peanuts for a bottle of roasted peanuts at $6 for a bottle of roasted peanuts. Bottle of roasted peanuts.

    • emjayay

      And housing in many markets, most people’s main expense, has doubled and tripled and quadrupled in many areas, corrected for inflation, from 1968.

    • CF

      I make slightly above the minimum wage and can’t even fathom being able to buy all of the things you say I can. I am too busy trying to afford my rent, utilities and student loans. No cable television for me. No new DVD player for me. No 3D HDTV or brand new laptop either. The article is discussing the cost of living and the last time I checked, none of the items you’ve listed are essential to our quality of life!

      • Aries

        Why are you making “slightly above minimum wage,” yet you have student loans? If you have to pay back student loans for a degree which does not pay well, that is your fault, not the government’s, nor your employer’s. You cannot get a Master’s Degree in Puppetry and then be astonished when you have to pay it back making nothing. I have no degree nor school loans, but I am a skilled worker that makes $14.70 an hour and I am quite able to afford an apartment, HDTV, internet, tablet, laptop, cat, and have plenty enough to save $7,000 a year until I have enough to buy a house – cash.

        • Maggie Moss

          If $14.70 were minimum wage we’d all be in much better shape.

        • Elvis Rodas

          Your a lier…14.70 an hr is 24000 a year. After taxes if your single or married no kids. Say these were your honest bills.
          Rent 500.00
          Food 350
          Phone 80
          Healthcare 200
          Gas 200
          Utilities 150
          Incidentals 50
          Car insurance 50
          $1580.00 monthly. So after all your bills. (Bare Bones)
          Thats about $5900 a year if you spent nothing on any entertainment or car payment other than to subsist.. Plain n simple your an internet geniu. A wise ass probably living at home with your parents.

    • Step

      Ordinary walmart workers can afford iphones and ipads probably because you can get them for free or for an extreme reduced price by signing a 2 year contract with a phone service.

      • Elvis Rodas

        Most walmart workers are also on food stamp assistance. But aries is a genius. Thats why he makes 14.70 an hour.

    • Jim Kaye

      The cost of housing is twice the inflation rate of the average median wage.

      • Aries

        Both the quality and size of houses has increased drastically since 1968. Not saying that is the yardstick by which you’re measuring, but if so, the average home was 983 square feet in the 1950s – up to 2300 square feet in the 2000s. Perhaps that would explain the doubling of cost. Not to mention now we don’t use ASBESTOS, LEAD PAINT, and use energy efficient appliances and significantly more insulation and wiring. Furthermore, the number of people has increased greatly, and also the rapid flight of people to urban areas, which are obviously of a fixed size. Same supply, higher demand… high prices.

  • Freeloader Bob

    A minimum wage of $22/hr would not only redistribute wealth to the people who created it, it would also force up all other wages which would truly be a rising tide that lifts all boats.

    • Williamson

      That’s true Freeloader Bob, but as the expression goes “somethings gotta give”. The minimum wage doesn’t have to skyrocket all the way to 22/hr but it does need to go up at least 10%. The longer it’s ignored the sooner we can expect this country to corrode.

    • nunya

      “it would also force up all other wages which would truly be a rising tide that lifts all boats.” That is exactly true. In the long run It would dramatically raise the cost of living and then you will be here saying the same exact thing about $35/hr and so on and so on.

      The people will be making more money .. so more disposable money(we know most wont be saving it), at the same time the costs for the business go up(we know that the business will do their best to keep the profit margin the same), therefore cost of goods and services and living go up. The guy that is at minimum wage has no higher level of living BUT in the transition many people will get hurt … business not reacting fast enough go bankrupt or have to downsize.

  • Engineering student

    Think of everything as relative. If it costs $4X to hire an employee to flip burgers the burger will now cost roughly 4x more. Or the burger company will no longer be prophitable. This means your burger flipper still has the same amount of buying power he had before. The only thing that changes is that his meager retirement account is now worth 4x less than its previous value.

    When I worked at mcd’s minimum wage was 5.15 and an average meal was $4. Now minimum wage is 7.78 (colorado) and a Big Mac meal is now roughly 7.50.

    Yes there is some lag involved in the price hike vs minimum wage hike. However, the only thing accomplished is that incentive to save your money is greatly reduced.

    It’s cool to look like your backing the “poor” but make sure your really doing them a favor before patting your self on the back.

    Yes I do have a bias as someone perusing a high paying career, but I have worked minimum wage I am also not opposed to searching for jobs in greener pastures.

    • Anon

      That’s not even true. Here, in Aus, the minimum wage is $16/hour and a big mac meal costs $8. Stick to engineering and don’t bother commenting on economics until you properly educate yourself on it.

    • samuel

      Its Because the Rich don’t wan’t to loose a Penny by giving better standar life its alsoe mean to not do 5 milion a year but rougly 3 ,6 million lolll oh no i won’t have the new bentley because of this lolll

    • r

      The 4x example only applies if the fast food worker only creates and sells one item per hour. If you sold 2 burgers every hour, the employment portion of the food cost would only be 1/2. Guess what happens when you have “Billions and Billions Served…”? Take your time, think slowly.

      Other articles have mentioned that doubling the minimum wage would increase fast food costs to the customer by less than 5%…but don’t let facts get in the way of your pursuit of more money at others’ expenses, because it is just that type of greed which caused this inequality to begin with.

    • Step

      The cost of a product isn’t the same cost that the producer gets an hour. lol
      If you make $21,000 a week in a restaurant (which I believe is the average for a McDs store if I’m not mistaken) and you have 30 employees making $7.25(maybe a few dimes higher)/hour that won’t mean that those 30 employees collectively will had made roughly all of that $21,000/week.
      At first you might look at that and say, “well the workers get ~41% of what is made.” The more collective the money becomes (chains of stores) and the more varying in the sizes of those stores the lower the percentage actually ends up becoming in the overall perspective of things. One thing people will say about McDs when you bring up wages is the fact that majority stores are franchises. Yep and those franchises are charged and are typically corporations themselves that own several stores themselves and run just like a mini-corporate McD’s.

  • http://www.facebook.com/kug.wilkins Paul Wilkins

    No one deserves a certain wage. You work hard and make more, or you work just enough to survive. Mediocrity should not be rewarded.

    • anon

      Except we don’t live in a world where hard work pays the most, we don’t even live in a world where innovation is rewarded proportionately.

  • Let’s look at the real issue

    In my opinion, the point here is being missed. Many of you make the argument that if minimum wage tripled, the price of products would also triple, yielding a net change of roughly 0%. HOWEVER, that assumes that minimum wage is the only thing being altered. What if we bumped up minimum wage and, instead of companies increasing prices to compensate, reduced the payroll of the CEO’s who make over 380x (http://www.aflcio.org/Corporate-Watch/CEO-Pay-and-the-99/CEO-to-Worker-Pay-Gap) the amount of the average employee. I know this seems idealistic, but reducing this absurdly high wage gap (the highest in the world) is the most reasonable way to even out the distribution of wealth in America.

    • http://twitter.com/LOLatGOP LOLatGOP

      “the price of products would also triple, yielding a net change of roughly 0%”

      Not necessarily. Companies who took this route could be squeezed out in the market by companies who instead, shifted to the new reality by lowering CEO and other executive pay and provided more competitive prices than their counterparts who simply shifted the cost on to their products.

      http://vscdn.s3.amazonaws.com/wp-content/uploads/2011/11/CEO_Worker-pay-ratio.jpg

      • kjgh

        Your reply is invalid. The original comment said the exact same thing as you, except they said “the price of products would also triple, yielding a net change of roughly 0%”, but they also said “HOWEVER”, implying there’s a different way to go about things so that doesn’t happen.

      • Step

        You clearly only read 1/3rd of that comment.

    • Geno

      Instead of being socialists we could just not support companies that pay their CEOs ridiculous amounts and start supporting companies that treat their employees with respect, there are some out there still, they are just getting stomped on because of people supporting places like Walmart and their monopolies.

      • Doug

        You make it sound so simple. Like it’s so easy to find out which companies treat their employees well. As consumers in the US we buy so many things on a daily basis, from gas to coffee, and we don’t have time or luxury to research every company we buy goods from.

        • Burque

          While it’s true that we might not have the time to research every place we shop, a big step would be to stop shopping at Walmart. They used to be a good company back in the day. Not anymore.

      • v7c7ous

        Good luck. Almost every company in the world is owned by one of 10 parent companies such as pepsi n whatnot. It is impossible to realistically NOT deal with those companies. Google “who owns who” n itl b the 1st image to show up for ya…

  • gerry busey

    im fairly certain the anonymous typing in ALLCAPS is certifiably insane. damn!

  • Dave McAnally

    This is what happens when sociologists attempt to meddle in economics as some kind of source of authority. We’ll ignore this author’s obvious disregard for the fact minimum wage is essentially a labor cost input (which is like, ignoring that the sun rises in the east I know) and focus on his so-called metrics. US Standard of Decency? Is this an economic metric? Please, tell me more about this index! I want to hear all about how a person in 1968 making minimum wage would feel the person in 2013 making minimum wage (who happens to have a cell phone an ipod and this “internet” thing) has such a greater standard of decency. I also see you’ve equated a higher minimum wage with higher productivity (a bold assertion). I suppose to you, the 1970′s/early-80′s auto industry was on the up and up and the Japanese had it all wrong right? Look dude, I appreciate that you have an audience of people who want to hear you blather on about how artificially propping up broke people will somehow make them wealthier, but proclamations like this from people in the educational world really should come with caveats or something. If you triple minimum wage, prices will triple. Nobody is any better off, you’ve just devalued what that person making minimum wage can actually go buy with their 21 dollars. And even then, he doesn’t care about mortgage or interest rates. He just wants to raise enough money to buy a bus ticket to burning man.

    • Jeff

      When economics is NOT meddled with by sociologists, all you end up with is a cost-efficient-but-technically-ineffecient society rife with greed, corruption, over-consumption, hate, fear and depression WELL beyond what “human nature” would otherwise dictate. You end up with oil companies tearing apart anything and everything to get to cost-efficient oil. You end up with corporations producing nothing except profits for shareholders, and things like lowering minimum wages and outsourcing jobs just comes from the fact that greed and indifference to human suffering is actually REWARDED in our current system. You end up with a 3-month lifespan on most consumer products, you end up with manufacturers DELIBERATELY DESIGNING THINGS TO FAIL, with little to no ability to repair or recycle goods.

      Fortunately, Dave, sociologists have a MUCH better understanding of REAL economics (not just supply&demand monetary economics but actual resource management) and continue to meddle enough to make sure that human beings are treated with some form of dignity. Is it not enough that millions of people have to compete for meaningless jobs and the uniformity that comes with them (mostly jobs which could be done by robots now anyway), you want them to not have the ability to afford to live respectably? I mean, have a look at the high paying jobs now anyway. The so-called “bettering yourself” concept to get paid more breaks down when you have bankers ruining lives with unethical tactics, lawyers constantly trying to circumvent the law with precedents and loopholes, doctors prescribing people with medication they don’t need because of kickbacks, people in marketing successfully brainwashing people into buying utter garbage that should never have been invented in the first place, and the list goes on and on and on and on. The people who get paid the most are actually the ones contributing the least to society, and the entire human race (for the most part). It’s time to re-think what you’ve been taught and have a decent look around before speaking about things you do not fully understand.

      • Brian

        You’ll never understand economics. If you did then you would know that greed is good. You are naive to a think economics has anything to do with supply and demand or graphs for that matter. Take a theoretical economics class and see what it is all about.

        It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest. – Adam Smith

    • Guest

      When economics is NOT meddled with by sociologists, all you end up with is a cost-efficient-but-technically-ineffecient society rife with greed, corruption, over-consumption, hate, fear and depression WELL beyond what “human nature” would otherwise dictate. You end up with oil companies tearing apart anything and everything to get to cost-efficient oil. You end up with corporations producing nothing except profits for shareholders, and things like lowering minimum wages and outsourcing jobs just comes from the fact that greed and indifference to human suffering is actually REWARDED in our current system. You end up with a 3-month lifespan on most consumer products, you end up with manufacturers DELIBERATELY DESIGNING THINGS TO FAIL, with little to no ability to repair or recycle goods.

      Fortunately, Dave, sociologists have a MUCH better understanding of REAL economics (not just supply&demand monetary economics but actual resource management) and continue to meddle enough to make sure that human beings are treated with some form of dignity. Is it not enough that millions of people have to compete for meaningless jobs and the uniformity that comes with them (mostly jobs which could be done by robots now anyway), you want them to not have the ability to afford to live respectably? I mean, have a look at the high paying jobs now anyway. The so-called “bettering yourself” concept to get paid more breaks down when you have bankers ruining lives with unethical tactics, lawyers constantly trying to break the law with precedents and loopholes, doctors prescribing people with medication they don’t need because of kickbacks,

  • Pumpkinmedic

    Instead of being jealous of what a CEO makes, why don’t you get a skill, some motivation and a work history? I made minimum wage (at the time, it was $3.375) for exactly six weeks if my life. If you’re making minimum wage, you have no skills and no motivation. Wealth is earned, not redistributed. What the CEO of a company makes has no bearing on what your skills are worth to your employer.

  • Anon

    *To all the people that are saying product costs increase in proportion to labor cost* You are wrong. Labor cost are only a portion of the total product costs. Product costs would only grow in proportion to labor costs if EVERY SINGLE job was a minimum wage job. As it is now, if we doubled minimum wage every other non-minimum wage job would not pay twice as much…

  • Matt Harris

    Raising the minimum wage to $21 would absolutely destroy job creation and probably double or triple the unemployment rate. Terrible idea.

    • JPSnoopington

      Sal is thinking way too small. Why not make it $100 an hour? Isn’t that the lower end of baseball and football player salaries? We’re all entitled to that. Just like we’re entitled to 100% unemployment. Don’t worry, Obama will take care of us!

  • Envirobob

    We need to keep minimum wage low to reduce our environmental impact. If we let minimum wage rage people will have have more money to spend which will drive up consumption which will ultimately increase environmental degradation. Keep wages low means less consumption, less ability to provide for families which will in turn cause a reduced birth rate, which will in turn eventually result in a population decrease which will ultimately save our planet. In summary: low wage = save mother earth

  • Andrew

    “Even a $21.16 minimum wage wouldn’t represent progress. It would mean socially standing still, just with better technology and higher productivity levels.”

    How is this not progress….How is this socially standing still people have better lives due to better productivity and better technology. In a way I see what you are saying, and I agree the distribution of wealth is unfair but we have definately not been standing still, you also propose not solution other than to raise minimum wage, which will not happen, and fail to point out any other flaws…

  • Jake T

    Ok someone please help me out on this. The minimum wage was created in 1938 and was set at $ 0.25 per hour. Now if this was corrected for inflation it would come out to be $4.15 per hour. IF the argument that you are making is that the minimum wage should be PROPERLY adjusted for inflation, then why take minimum wage from 1968, why not base the “proper” adjustment based off the year it was originally created?

  • r

    The notion that tripling a salary will triple the customer’s food cost is just plain false. It would only be true if each employee only sold one item per hour and the food itself had no cost of its own. If you create 2 items per hour, then the impact of increasing wages goes down by 50%. If you have “Billions and Billions Served” then the customer’s food cost only goes up by 1-5%, which is mentioned in many articles and studies on this topic.

    People really need to understand the economics involved before they start talking out loud in a public forum.

  • Nope

    A minimum wage of of about $44,000 per year? That’s pretty close to the median household income of $52,100. That seems to be an absurdly high minimum wage to me.

    • mike3316

      Although that would allow households to get by on a single worker’s income – as it used to be in this country – rather than a household requiring two full-time incomes just to survive.

  • Mike Curtis

    And when there is no free land — no free alternative place to live and work, the free market drives wages of the least skilled and educated workers everywhere to a point below which they would get hungry and weak; Production would fall; the income of their employer would fall; and ultimately, the rental income from land would fall as well.

    The more highly skilled and educated workers have no free alternative place to work either, but they get higher pay because employers bid against each other for their labor.

    Having the right number of workers with each level of skill and knowledge increases production and their income.

    The higher pay creates the incentive for others to learn the skills and accumulate knowledge — which increases the supply of each kind of superior worker until it meets demand. And this sets the different rates of pay for each and every occupation

    When there is no free land, the return to productive capital: buildings, machines, inventories, falls until if it fell any more people would not have enough incentive to lend it out.

    So, all the greater benefits of technologies, skill and knowledge — save just enough as a reward for people to develop and learn them — are taken by the owners of land, for without the materials and a place to exist, labor and capital could produce nothing.

    Suppose, Posit’s Henry George, there were a hundred people on an island paradise — and one of them owned as his chattel slaves, the other 99.

    As long as the ownership of the island was fully assured to the one, would it make any difference to him or them if slavery were abolished? Would it not be the same relationship? For the only escape in either case would be to swim into the sea and drown.

    And would it be any different if one percent of the people on Spaceship Earth owned 100 percent of its habitable surface and natural resources?

    “On the land we are born, said George, from it we live, and to it we return again — children of the soil as truly as is the blade of grass or the flower of the field.

    Take away from man all that belongs to land, and he is but a disembodied spirit.”

    And so, wages tend to remain at that point below which productivity would fall — while landowners and other monopolists get all the benefits of material progress

  • LAWL

    15 year olds in canada make 10.45 in my province.

  • Russland

    There are too many smart-idiots walking around waving flags these days. Simple truth is the warm-fuzzy relations at the top between American business and Chinese Government is killing jobs in US. How can US compete with cheap slave labor manufacturing in China selling sub-standard goods in US market ? Try find something not made in China or even rare something made in USA. To think that US will be able to keep intellectual advantage even after moving all manufacturing abroad is delusional. Things are designed where they are made. China will one day design and build Apple, IBM, GM, Boeing…and on and on and on. US will keep importing more n more n more till its owned by China. Wake up people, minimum wage is just the tip of iceburg, its time to put fair-trade in place, stop illegal Chinese trade practice, currency devaluation and slave labor for competitive edge. Stop Chinese import, make things at home and preserve domestic market, penalize and heavily tax business that move jobs offshore, save small local businesses….save the middle class and we will become baby boomers of 21st century. Wake up America !

  • Russland

    Isn’t it all too obvious that corporate-america is killing jobs in America ? Opening gates to China has so far meant businesses can’t compete unless they move manufacturing off shore ? American businesses r run by cheap Chinese labors and one day it will be run by Chinese after they watch, learn, practice and sell all things innovated here and CEOs will be counting retirement dollars while america will become a third world country. In next 10 yrs China will have a man on the moon and strongest-best equipped army in the world….wait does it not sound familiar to flag wavers here ? Hold the thought and look at the tag on the flag u wave….you’ll see “MADE IN CHINA” there too.

  • Russland

    Still wanna talk about minimum wage people ?

  • Dkaner

    I think some people need to take a basic Economics class because I find too often that they believe what is being spouted out without any REAL facts to back up the information they are disseminating. I am tired of these broad stroked, one size fits all solutions. Here is a simple question: Does each state have the same standard of living and does each state have the same inflation rate? NO. Take for instance the FHA loan typically used by first time home buyers. Did you know that in Michigan that cap on the FHA loan is $297,500 (only in certain areas) yet in California, it can go as high as $729,750. Go take a look(http://www.fha.com/lending_limits_state?state=CALIFORNIA) In California, you have loan limits for FHA loans based on where you live in California. One size does not fit all. What I am trying to point out is that within the Federal system that have already tried to alter the FHA loans based on a medium income of that area thus trying to correct for the disparity for cost of living. What they should be doing for the wages is actually quite simple but politically unattainable. They simply need to adjust the minimum wage for each state so it keeps up with inflation instead of one broad stroke, one size fits all. So what if the cost of batteries at Walmart goes up 50 cents? So what if FAST FOOD goes up $1.00? The people who tend to eat this crap end up costing society more in health care so a decrease in FAST FOOD consumption in the U.S. is not a bad thing. Ultimately, the economies of scale will kick in and the prices will only go so high. Margins will get squeezed and eventually prices will fall so they can keep up the volume. It will decrease their bottom line but so what? Right now, The WALMART billionaires are not doing anything great for society. They are just socking away the money and doing what with it? NOTHING. If they made a billion less per year and that money went to the workers, what do you think happens to that money? IT GOES INTO THE ECONOMY. Mr. Ford called his plan back in the day a $5.00 work day. He said (and I paraphrasing) “Give your workers enough money to buy your products”. He understood that if his own workers could not afford to buy what they are making, it would be devastating to his company’s morale. What people do not get is that IF you raise the minimum wage beyond the level of needing public assistance, you would decrease public assistance dramatically. If you structure the minimum wage with an inflation adjuster at the end of each year, you would never need to increase the minimum wage because it would be automatic. What the big corporations do not understand is that by increasing the standard of living at the bottom and in the middle, they SPEND every dime into the economy. The millionaires and billionaires can only spend so much but never at the rate as the low and middleclass. However, the corporations would increase their profits if they give more money in wages because the low and middle class NEED to spend it all to have a standard of living and upper middle class and rich, do NEED to do anything. For them, it just accumulates. The small business owners always knew that the guys at the top make more but never so much that they could not keep their workers happy and working hard. Today’s corporate hierarchy feel that they are ENTITLED to make more than the other workers based on where they went to school and their family name. Since when does a CEO need or deserve to make 100x their lowest worker? The corporation is supposed to be a team oriented structure but how can you have a team when 75% of the team makes 100x less than the top 25%? Corporations are beholden to shareholders so if they do not hit certain numbers, the stock gets hit and then in come the bean counters to slash everything and the first thing they look at, layoffs of the workers at the bottom. Costs do come down but at the expense of production which then leads to less revenue and then the cycle starts all over again. What if corporations today decided to give the bottom 50% a 25% raise? All the extra money would immediately get pumped back into the economy. Sure, they would pay down debt and get their house in order but once they started making more money per month than it costs them to live, then the money has to go somewhere. If you take all the people who are barely making it a higher wage, what do you think the money is going to go? BACK INTO THE ECONOMY. They will go out and buy new clothes, cars, electronics, etc…..IT’S BASIC ECONOMICS. It is simply good old fashion American Greed that keeps our economy from really humming. You can’t keep just fighting the TAX fight over and over without looking at the WAGES. We keep fighting half the battle. I am in favor a FLAT TAX without any deductions and people who make below (some calculated number) NO TAX. We have a tax system that breeds corporate welfare. We have corporations that have money all over the globe sitting and waiting for the day they can bring it back to the U.S. Change the minimum wage to a state by state inflation adjusted program, reduce the tax burden on small business by creating an inflation adjusted tax based on each state’s cost of living so they could hire workers at the higher wage and not get penalized for doing so. Give tax breaks for business that hire more workers and penalize if they go and try massive layoffs. All massive layoffs do is push the burden of payments back on to every member of society via unemployment. Corporations could actually make less money during the recessionary times and they most certainly will make more money during the good times. More workers and higher wages will keep people spending and thus keep corporate profits up. It’s not rocket science. Corporations can’t keep having record profits and refuse to give wage increases. In the short run, it makes sense for the corporations to sock as much money away but in the long run, they hurt all of us because when the workers do not get wage increases, our economy slows down. Corporations have the power to get this economy humming along but its their greed that keeps them from doing so.

  • jamthanksman

    obviously if people were paid better most bad things would go away and humanity would sort things out but thats not the case and it wont be
    its nice though at least some people try to make things better for others

  • Dan Sapp

    honestly if wages went up that much it’s not going to translate to the consumer at that rate. What will most likely happen is companies will cut cost. Which is easiest to do by cutting jobs. So walmart says “do we really need greeters” and Mcdonald’s figures you will mostly like wait 2x as long for your burger rather than paying 3x as much. I do think minimum wage needs to be higher but looking toward 21 is not going to happen

  • Eric Anderson
  • ger320

    Automation/Labor-Saving devices have saved corporate profits but not worker’s labor. Have increased profits, but have not decreased worker’s hours. Have increased capitalist dollars but not decreased worker’s hours.

    Automation should be decreasing the work-week as well as increasing the profit margin; this would, in turn, decrease unemployment.

    As a result of automation, for every $1 increase in profits there should/must be $1 decrease in hours worked.

  • RB

    But you fail to mention that if the minimum wage was indeed $20~ dollars a gallon of milk would be $15…

  • 1% is deserving

    The rants on this board (written by the lower echelon) are quite amusing. I’d like to have anyone here find a CEO who “doesn’t get out of bed” or work equally as hard as his/her employees. As a strategy consultant to some of the leading corporations, I work frequently with the C-suite. These individuals make sacrifices that few would be willing to make. It is not uncommon for CEOs to travel 20+ weeks a year, work 80+ hour weeks, skip family and personal time for work, etc.

    As a strategy consultant, I have a household income that is nearly in the 1% at the age of 29. What have I sacrificed to make it here? I have an engineering degree from a top US college. My average week is 90+ hours, 6 days a week. I am on the road 50 weeks a year, and rarely have an opportunity to see friends and family (I see my family less than 2 days per week, and even on those days I am working). I have had to cancel multiple family vacations due to ‘client emergencies’. Work is a top priority in my life…not just a means to survive. I would like to see many minimum wage earners make these sacrifices to make it to the top (despite the fact many lack the education background and mental capacity to get there). And you may ask why I deserve my pay, regardless of my sacrifice? My latest engagement lasted for 4-months, and during that time my team was able to develop a strategy that will generate $28MM in additional profits per annum. This was in a four month period. Over the course of my relatively short career, I have helped companies generate over half a billion dollars through the implementation of my strategies. Can anyone here say the same?

  • Scotty

    The GOP is retarded at playing politics. They should propose a bill that raises the minimum wage to $25 and have a vote. Down in flames. Because why not make the minimum wage $50? I made the same salary 100+K back in 1993 that I do now, because Hillarycare, then Obamacare, has held medical wages down. Because of Obamascare, I’ve been out of work for over a year, and lost a years wages. In addition to having seen a true halving of my income. But that’s what the market forces have done. What’s great about America still, I have the option to go back to school, and change careers, but for me, it didn’t make sense. Don’t you realized, in nearly every other country in the world, you CANT start over and change your life? You’re stuck. And that’s what the Democratic party wants to do, put you on the teat. To undermine what’s great about America, how Vietnamese boat people can come, and 30 years later, their kids are lawyers and doctors and living in the best parts of town.

    So now, you’re going to give hamburger flippers, 1/3 of the income of someone with a Master’s degree? and more than some teachers even, absoulutely stupid. Go ahead hold a vote. It amazes me the stupidity and incompetence at the top of political leadership circles, to propose such a job killing feel good idea, which would ravage the job market at the worst time, kind of like it did in the 30′s!!!!! when Hoover actually did it.

  • Hank

    Yeah you’re right, we haven’t made progress. The minimum wage earners today can drive their own car and watch programs on a 55″ HD TV. Oh wait, I didn’t have a car in ’68, and only a 16″ B&W TV. Lucky me.

  • Burque

    I grew up, and still live, in a small city whose main economy is small business. While, sure, I’d love to make 20 bucks an hour, hundreds of small businesses would be unable to pay these wages, and would have to lay off the majority of their employees, leading to a worse work environment for the few people still employed, and leading to businesses that could not sustain themselves. They would close their doors, and the entire economy of my city crash, with unemployment rates of 30% or higher. This would cause the government to impose more taxes on those who were still hanging onto their jobs to be able to fund welfare programs by the unemployed masses, and suddenly that $20 per hour is no longer making my rent payments, but is instead paying for someone else’s.

  • nunyabiz

    You grew up in an america that stood for “progress”?!?
    I grew up in an america that stood for “individual Liberties”!

    I should be free to negotiate my wage with my employer. If I do not agree with the wage the employer is willing to pay then I do not have to take the position. If enough people where not willing to work for a certain wage for a certain job then the employer either has to raise the wage to compete for the workers or drop the position. (this works for ALL positions already that are higher than “min” wage).

    The fact that people are willing to work for minimum wage says a lot. Maybe as a second or third job I am willing part time to work for less than others so that I can get the job. What you people are saying is that the government has a right to tell me I can’t do this if I choose too.

    We all know what the real deal is. Many Union shops have their contracts tied to salaries in multiples of minimum wage. That is why there is a big push. Not for the people that actually make 1x minimum wage.

  • MarmaL

    This is an amazing article! As a business owner, I am disgusted why others can’t follow this. You easily can make fair profits with following inflation rates with pricing. The problem is and has been greed at the top, and media pushing the theory happiness and acceptance is found in possessions, PLUS they add physical perfection to it. Happiness is found only in relationships and people; giving and receiving love. The media lie may grow consumer and advertising growth, but it also is seriously damaging our youth through selfishness, divorce, crime, low self worth, depression, suicide, and murder.
    For anyone who thinks they can continue with this and pay people what they think they “deserve”, stop lying to yourself. You just want more. And if you think it’s going to work so well, take a trip to Africa. See how that works out.

  • Really-pissed Guy

    No no no no, I think you’re all missing the point. NURSES get paid $21.00 an hour, not burger flippers.

  • michael

    my name is michael i really want to share my testimony on how i became an
    Illuminati member, through my friend. i was moving with my friend for more
    than 10 years and he have been getting rich everyday and even giving me
    money but he never told me the secret of his success until a day i was
    frustrated to let him know that he should help me also that was when he
    open up to me and tell me that he was a member of the Illuminati that he
    have been in the cult for more than 10 years that his riches and
    protection came from this cult.so i told him to let me be into the court
    but it not an easy task to be a member but i was finally initiated into the
    devil church of the Illuminati and i was confirm in there church. after a
    month of being a member of Illuminati i got promotion that same month in my
    working place and within a year i was promoted thrice in my working place
    to the extend of being a managing Director i never know how to thank this
    church of Illuminati and today am rich as my friend also, and also the one
    that surprise me most was that i got an accident with my new car and the
    car was right off but i still survive the accident and nothing happen to me
    i really thank you people Illuminati. so i just want to share to the world
    that this is real and it have help me and work for me so if you want to
    become a member i can lead you into the cult of richness and you will
    never be poor again, know that it only a member in the Illuminati that can
    initiate you into the church of illumination they do not contact directly
    because they are fake Illuminati all over the world, this is my email
    [email protected] they will tell you how to join,

  • james

    who ever is reading this testimony today should please celebrate with me
    and my family because it all started like a joke to some people and others
    said it was impossible. my name is james i live in Chicago i am happily
    married with two kids and a lovely wife something terrible happen to my
    family along the line, i lost my job and my wife packed out of my house
    because i was unable to take care of her and my kids at that particular
    time. i manage all through five years, no wife to support me to take care
    of the children and there come a faithful day that i will never forget in
    my life i met an old friend who i explain all my difficulties to, and he
    took me to a spell caster and and the name of the temple is called, DR
    Okundonor, i was assure that everything will be fine and my wife will come
    back to me after the wonderful work of Dr Okundonorgreatspell, my wife
    came back to me and today i am one of the richest man in my country. i
    advice you if you have any problem email him with this email:
    [email protected] and you will have the best result. take
    things for granted and it will be take from you. i wish you all the best.

    Contact: [email protected] (or contact him through his mobile:+2348072099116

  • arsmith85

    I would like to point out one small detail that republicans and democrats both ignore because it screws up the argument on both sides. Jimmy Carter cut capital gains taxes across the board from upwards of 90% down to 28%.

  • Newer Small Business Owner

    Great observations! Who employs most of the people in the US? It is NOT large corporations, but rather small businesses. Small business owners DON’T make huge salaries, but are constantly investing in their business to ensure we are competitive and able to go another year.
    I pay my employees salaries based on experience and value to my business – my highest paid employee never went to college! Degrees are important to a point – experience, commitment and diligence should be rewarded in the marketplace, not by the govt!

  • Brandon Broze

    Corporate America doesn’t realize how good they REALLY have it, esp. profit-wise, in this country! So they keep b*tching and whining about “overregulation” and how they’re “forced to ship jobs overseas”

    whine, whine, whine…

    BIG OIL MAKES BILLIONS A YEAR AND GETS $4 BILLION IN ANNUAL LOOPHOLE SUBSIDIES! Companies like THAT could easily afford to pay workers well and still have loads left over; they just don’t WANT to because they’d rather waste time getting “capital” in the form of shares and pleasing their a-hole shareholders who seem to care more about THEIR INVESTMENTS than ACTUALLY treating the workers well and being good stewards of the econ. and environment.

    If shareholders are really as callous and coldhearted as this, f*ck em. We need to go back to a STAKEHOLDER econ. The move to shareholder-based, which largely started in the 80s, has been a DISASTER for us.

  • Brandon Broze

    Securities markets are just casinos for the rich, really.

    And to allow the average guy to play lottery in a “fancier”/”classier” way… It’s all one big Wall St. casino. F*ck it

    “We need 401ks and pensions invested in all these securities to help people afford to retire!”

    BULL
    CRAP

    If your company DID EXTRAORDINARILY WELL AND SAVED UP, it could EASILY afford pensions regardless, I’m sure! And the shift to 401k for more and more companies is disgusting… Yeah, great idea- make us REGULAR FOLKS whose wages are being cut by co. after co. PAY FOR OUR OWN RETIREMENT out of meager wages with sh*t returns

    So-called “financial experts” claim that an EIGHT PERCENT return is “good” or “the best” in the securities markets! And I’m sitting here thinking, “WHAT THE F#CK!”

    8%?? That’s EIGHT-HUNDREDTHS! .08

    EIGHT CENTS return for every ONE DOLLAR invested!

    How is that even remotely “good”?? If our securities markets are THAT PATHETIC, they deserve to die. Only if you invested LOADS of money in the first place- assuming you’re rich or semi-rich to begin with- can 8% REALLY be a “very large return.”

    But if you invested, say, $100… YOU ONLY GET 8 BACK! How is that “ok”?? You lost 92! It’s a ripoff, a scam for the ages.

  • Life is not fair

    Just raising minimum wage can not be the answer.
    You low wage workers are being “mistreated” by the entery level position wage. What about the people higher up the ladder. I don’t get CEO pay but I don’t get more than minimum wage. If I were to make $12 an hour now, after so many years of faithful service. Do I automatically get a bump in pay because minimum wage goes up? The answer is no. It is not the law, only have to pay minimum wage.
    R
    Everyone want to make more money. Everyone thinks they deserve more money. If you are an adult working at minimum wage, sorry to be blunt but you must just not have much of an ambition.

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