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FirstOnRaceDay

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On what planet does unemployment pay more than union wages?
because of the $600 weekly bonus the stimulus package gave. Many Union workers are making close to or more than what they were while working.
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because of the $600 weekly bonus the stimulus package gave. Many Union workers are making close to or more than what they were while working.
All it shows is that Min Wage, and therefore nearly all adjusted wages up to $100,000, are severly underpaid. While we "have the best economy in the history of the world" (per Republicans), our Min Wage has not been raised in a decade and equals approximately the same pay as the 1970s (based on Inflation). So we have 2020 expenses and 1970's wages. Awesome.
 

Carolina Jim

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So we have 2020 expenses and 1970's wages. Awesome.
The median money income of families in the United States was $9,870 in 1970, according to estimates recently released by the Bureau of the Census, Department of Commerce. This was about $440, or 4.6 percent higher than the 1969 figure of $9,430. www.census.gov › library › publications › demo
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The median household income in the United States is $56,516, according to 2015 data from the U.S. Census. But that rises and falls depending on close you are to peak earning age, which is typically around age 49 for men and 40 for women.
 

Evanm14

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All it shows is that Min Wage, and therefore nearly all adjusted wages up to $100,000, are severly underpaid. While we "have the best economy in the history of the world" (per Republicans), our Min Wage has not been raised in a decade and equals approximately the same pay as the 1970s (based on Inflation). So we have 2020 expenses and 1970's wages. Awesome.
The postman and other federal employees are underpaid. Not all of them sit on their butt.
 

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The Pope

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All it shows is that Min Wage, and therefore nearly all adjusted wages up to $100,000, are severly underpaid. While we "have the best economy in the history of the world" (per Republicans), our Min Wage has not been raised in a decade and equals approximately the same pay as the 1970s (based on Inflation). So we have 2020 expenses and 1970's wages. Awesome.
Minimum Wage.... please realize that Every Time it's raised, also the cost of Everything you buy is raised. So, it's a never ending cycle. So Any Increases in Minimum Wage isn't the answer.
 

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Minimum Wage.... please realize that Every Time it's raised, also the cost of Everything you buy is raised. So, it's a never ending cycle. So Any Increases in Minimum Wage isn't the answer.
Not true. When Productivity and Profits go up 72% and Wages go up 9.2%, there is space in between.

The fallacy in Macro Economics you cite is put out there by people who want you to accept Billionaire CEOs,Stock Buy Backs, and the Stock Market as an indicator of economic health.

If the Highest Stock Market Ever could not protect a majority of people from running out of money within 2 weeks of economic hardship, wages, productivity, and profit are not in balance.

Ford Bronco Ford Update: 2021 Bronco Will Have Its World Debut This Spring %2Ffiles%2F2016%2F10%2Fwagescompensation-1200x1093


Guess where the terminology of "Trickle Down" starts to come into play as working Americans are conditioned to believe that if you let people get super wealthy, that you somehow benefit when you would not otherwise.

The world does not have to be how it is today. Higher wages do not mean higher cost.
My Dad was able to raise 5 kids in the early 1970s on one income. The cost of goods was not crippling because he made a fair wage for his productivity.
 

The Pope

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@BHShaman ..... my point was about Minimum Wage and Only about Minimum Wage.
 

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I just can’t wait until *they* realize I’m useless as an actual worker and put me into a matrix tube to be used as a battery. Maybe I’ll actually get a world with an SFA, V8, extended wheelbase 2-door 2021 Bronco that way

And maybe a gf too
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Corsair

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On what planet does unemployment pay more than union wages?
All it shows is that Min Wage, and therefore nearly all adjusted wages up to $100,000, are severly underpaid. While we "have the best economy in the history of the world" (per Republicans), our Min Wage has not been raised in a decade and equals approximately the same pay as the 1970s (based on Inflation). So we have 2020 expenses and 1970's wages. Awesome.
You get paid what you’re worth.
 

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If you want to talk numbers, let's talk about ALL the numbers. Throwing around fancy words and limited stats from studies with small picture, faulted methodology filled with confounding variables does nothing.
I hate talking numbers so let's just agree that everyone is wrong and get back to how Ford is great and Bronco will be.
 

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Not true. When Productivity and Profits go up 72% and Wages go up 9.2%, there is space in between.

The fallacy in Macro Economics you cite is put out there by people who want you to accept Billionaire CEOs,Stock Buy Backs, and the Stock Market as an indicator of economic health.

If the Highest Stock Market Ever could not protect a majority of people from running out of money within 2 weeks of economic hardship, wages, productivity, and profit are not in balance.

Guess where the terminology of "Trickle Down" starts to come into play as working Americans are conditioned to believe that if you let people get super wealthy, that you somehow benefit when you would not otherwise.

The world does not have to be how it is today. Higher wages do not mean higher cost.
My Dad was able to raise 5 kids in the early 1970s on one income. The cost of goods was not crippling because he made a fair wage for his productivity.
I wonder how much of that productivity increase was due to automation or information technology expenditures by businesses. Are the the workers being more productive, or is the overall volume of work product increasing due to automation and IT integration into the workflow? The "space in between" may be the cost of computers and advanced assembly line processes/equipment that require immense corporate investment and require long-term amortization. While the average worker today may be more productive than in 1972, I don't know that they work any harder. Ignoring the partnership and synchronicity between workers and automation in the final equation is intentionally misleading - industry has invested billions to make jobs easier and more safe, as well as more productive.

As for the economy, the success of paper investments has little to do with what people save for emergencies. The number and value of things we consider life necessities has increased exponentially since the 1950's - FitBits, iPhones (with the monthly fees), trendy watch with a 3-year lifespan before it is eclipsed by several new versions, multiple HD televisions with digital streaming/ISP costs, the sheer number of electronic/electrical gadgets in the average kitchen... people jump at the latest consumer product and buy it up instead of saving. It's no fault of the economy that people spend in excess of their means, with the attitude that savings is an outdated notion that your grandparents told you to practice. It comes down to personal responsibility - hopefully, one thing to come of this crisis is awareness that the government, despite all its promises and assurances, will NOT be there to make everything okay. That responsibility lies with each of us, and these times are a reminder that the fool ignores that responsibility at his own peril.
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