American's living Paycheck to Paycheck

[Viktorthepirate]

Pretty simple, I looked up the average minimum wage in the mid 70s, basically all around $2, then I caculated inflation from 1970's dollars to 2017 dollars, which said that the comparable minimum wage should be roughly around $9, then I looked up what the state minimum wages were, and presto; rouhgly around $9. Science!

I did the same thing and got different numbers.

Basically I got something like 1969 minimum equaled close to 30k (today's dollars) or something like that and federal minimum wage is worth like 15k

I gotta do the math again fucker, be patient. It was like 6 months ago when I did it.

Federal minimum wage is $7.25, which is slightly behind the curve, with Missouri basically, but since the state minimum wages are ahead of the federal minimum wage, FMW really has nothing to do with the price of tea in China, basically you're just searching for the lowest minumum wage you can find, in order to assert that as the case writ large, which is known as a specific to general fallacy,

That would be like me just cherry picking the highest state minimum wage in isolation and calculating American minimum wages as being in the $11 range, instead of what I did, which was present the full spectrum around $9

But you of course, are apprently ruled by your feelz, so you will search for any fallacy which will underpin your assumptions, reflexively. That's called a confirmation bias by the way.

Using Federal minimum wage it's 15k 2017 vs 22k 1969.

And fuck you Smitty, I'm open to being proven wrong. Before I got all argumentative I said I wanna check the facts, you brought up the point about FMW not being applicable and there we go, you made me rethink my position.

[jediuser598]

Correct me if I'm wrong, but this is a list of states with a minimum wage of 7.25.

Georgia
Idaho
Indiana
Iowa
Kansas
Kentucky
Louisiana
Mississippi
New Hampshire (?)
North Carolina
North Dakota
Oklahoma
Pennsylvania
South Carolina
Tennessee
Texas
Utah
Virginia
Wisconsin
Wyoming

http://www.ncsl.org/research/labor-and- ... chart.aspx

[apeman]

With tech, you are getting wayyyy more bang for your buck.

Go price out the cost of GPS, cellular phone with no long distance concerns, high-quality camera that takes pics and video, never mind all the other shit, and you are looks at an enormous number:




You can take this idea elsewhere -- our cars are much more reliable and last much longer.

The killer inflation comes in the Big Three : Education, Housing and Healthcare

(which all of course are heavily meddled with the FedGov)

[Hanarchy Montanarchy]

Don't be concerned about the economy, only suckers get concerned. Just remember:

1. Lower expectations

2. Don't be such a loser

3. BELIEVE in constant growth forever

[Smitty-48]

Using Federal minimum wage it's...

FMW was $1.30 in 1969, which is $8.67 in 2017 dollars, so, FMW is about $1 per hour behind the inflation curve, with Missouri.

"OMFG!!!"

[Fife]

With tech, you are getting wayyyy more bang for your buck.

Go price out the cost of GPS, cellular phone with no long distance concerns, high-quality camera that takes pics and video, never mind all the other shit, and you are looks at an enormous number:

<snipped image>


You can take this idea elsewhere -- our cars are much more reliable and last much longer.

The killer inflation comes in the Big Three : Education, Housing and Healthcare

(which all of course are heavily meddled with the FedGov)

In 1985 I was a senior in high school. My GF in the spring semester lived 15 miles away, but it was across the county line, and a phone call to her was long distance. My old man would have none of that non-sense. It turned out OK for me; as gas for my 65 Mustang was still pretty cheap; and I never had to learn how to substitute phone sex for the real thing.

(How many of you are old enough to remember the epic battles among roommates over interpreting the long-distance portion of the phone bill you all shared? Phone service used to be expensive as Hell, tellyouwhat.)

[Smitty-48]

Don't be concerned about the economy, only suckers get concerned. Just remember:

1. Lower expectations

2. Don't be such a loser

3. BELIEVE in constant growth forever

A bunch of self pitying cry babies calling for a "revolution" because your nanny state minumum wage is a few pennies short of where it was half a century ago; not exactly a good look for America, you sure you're not just spoiled rotten?

[jediuser598]

With tech, you are getting wayyyy more bang for your buck.

Go price out the cost of GPS, cellular phone with no long distance concerns, high-quality camera that takes pics and video, never mind all the other shit, and you are looks at an enormous number:

<snipped image>


You can take this idea elsewhere -- our cars are much more reliable and last much longer.

The killer inflation comes in the Big Three : Education, Housing and Healthcare

(which all of course are heavily meddled with the FedGov)

In 1985 I was a senior in high school. My GF in the spring semester lived 15 miles away, but it was across the county line, and a phone call to her was long distance. My old man would have none of that non-sense. It turned out OK for me; as gas for my 65 Mustang was still pretty cheap; and I never had to learn how to substitute phone sex for the real thing.

(How many of you are old enough to remember the epic battles among roommates over interpreting the long-distance portion of the phone bill you all shared? Phone service used to be expensive as Hell, tellyouwhat.)

Anyone over 30 remembers it.

[Smitty-48]

By the way, after the 24 news cycle and associated internetz rabble rousing finally unhorses and unheads "evil" King Dollah in the name of clickbait, what do you think the minimum wage is going to be then?

I mean, in relative terms, with King Dollah there on the ground dead, no longer able to print gold....

[jediuser598]

Don't be concerned about the economy, only suckers get concerned. Just remember:

1. Lower expectations

2. Don't be such a loser

3. BELIEVE in constant growth forever

A bunch of self pitying cry babies calling for a "revolution" because your nanny state minumum wage is a few pennies short of where it was half a century ago; not exactly a good look for America, you sure you're not just spoiled rotten?

Would you agree/disagree with this chart?: https://www.dol.gov/whd/minwage/chart.htm

Do you agree or disagree with this calculator?: https://data.bls.gov/cgi-bin/cpicalc.pl