New “min” wage

[nickaluch]

I am renting an apartment for my daughter who is going to grad school. Is not near the school, simply on a bus line that gets her there, in a nothing special part of town. Apartments are starting at $1700 a month for under 500 square feet. Realize this is South Carolina not SIlicon Valley.

Using the 30% math you would need to make about $70K a year to rent said apartment.

I know your pain paying $1k a month for a room for my little one college off campus. But I must say it's a really nice house, great landlord not your typical college place. My other daughters off campus housing was cheaper for me but real slum lord's.

 

[alarmguy]

I know your pain paying $1k a month for a room for my little one college off campus. But I must say it's a really nice house, great landlord not your typical college place. My other daughters off campus housing was cheaper for me but real slum lord's.

My daughter shared a multi bedroom apartment up in Clemson with her friends, it was nicer and cheaper than on campus. On campus is mandatory for the 1st year though, I think second year you have to move to off campus housing apartments. It's been a while and if remembering correctly but almost certain. By 4th year she was renting a house with friends.
Anyway long story short, like many apartments here in SC it was really nice, amenity center, pool etc. I mean, REALLY nice.
I think back just starting after 2012 and came to appreciate unlike what New Yorkers think, the education she was able to get here at the price we paid, just amazing.
As you know, im not knocking NY, born raised spent most my life there, great memories ... but ... well you know ...

 

[Propflux01]

Minimum wage was meant for entry level / experience gaining positions. It was never intended as a living wage.

Having said that, I believe its still too low as it hasn't changed since 2009. It should be around $11 - $12. Which seems right since that is about what fast food starts 16 year olds at around here.

The market self corrects when its balanced.

Incorrect on the definition. The minimum wage was designed to create a minimum standard of living to protect the health and well-being of employees, or rather, a minimum subsistence wage.

Or it could be said the wage was designed to allow one person, without dependents, to achieve a minimum standard of housing and sustenance without relying on outside aid.

Your second statement, is, of course, spot on.

 

[SHOZ]

Two jobs I had I was the highest hourly paid in the plant. PLC skills that many don't even know what it is. One I was hired in that way and in the 2 years I was there the rest of maintenance never got over it. It was terrible.....

 

[John105]

Not sure exactly what you mean however if you have a huge bill over $250,000 and you only pay $4000 deductible IMO that's a pretty good deal. I have never hit the $4000 deductible when I was working and am now on the hind teat of Medicare/SSI and they pretty much cover everything.

What I mean is if my deductible was $1800 and my max out of pocket maybe $5000 then a hip replacement costs $5000. I think there is a trick. If family and not single now it’s $8,000 because a coworker had said his hip replacement was $8k and everything else no more cost as he hit the max, so he was getting treated all year.

I know my wife’s insurance is the other extreme (school district) with $0 deductible. A hip replacement is $40. It could be $100 for 3 days in the hospital as well.

So $140 vs $8,000 is huge. But why I think my old insurance was bad was it was at least $650/mo….all the terms added up…go back 10 years and even a bank (wife) was $100/$250/$500 deductible and 10% coinsurance, maybe $2000 max out of pocket for a family. That to me is middle ground…

 

[John105]

My daughter has an engineering internship. She is a senior next year. I think there paying $16/hr?

She complains she does the same thing as the junior engineers but makes a fraction of what they make. I tell her when she graduates she will make what they do.

She said " I will use my experience to get a job at a much better place".

I told her "Exactly".

Now, I do pay for her education. One of the reasons I think college in state tuition should be free. Note I said tuition and in state. If we really want the cream to rise to the top, everyone needs to get a chance.

She may make the same as someone bagging groceries, but what she is learning is worth a lot imho. It is setting her up for future success….

 

[alarmguy]

Incorrect on the definition. The minimum wage was designed to create a minimum standard of living to protect the health and well-being of employees, or rather, a minimum subsistence wage.

Or it could be said the wage was designed to allow one person, without dependents, to achieve a minimum standard of housing and sustenance without relying on outside aid.

I guess ones interpretation is another disagreement. That is the problem with government mandates. They grow according to what one believes. I can find no such definition to what you say. Here is the history.

https://www.historynewsnetwork.org/article/why-was-the-minimum-wage-first-established

and then it morphs into wha you believe or what you read that others believe. "health and well being" >? according to who?

 

[Propflux01]

I guess ones interpretation is another disagreement. That is the problem with government mandates. They grow according to what one believes. I can find no such definition to what you say. Here is the history.

https://www.historynewsnetwork.org/article/why-was-the-minimum-wage-first-established

and then it morphs into wha you believe or what you read that others believe. "health and well being" >? according to who?

https://www.law.cornell.edu/wex/min...e of the minimum,and well-being of employees.

 

[John105]

Two jobs I had I was the highest hourly paid in the plant. PLC skills that many don't even know what it is. One I was hired in that way and in the 2 years I was there the rest of maintenance never got over it. It was terrible.....

My wife was hired at a bank at the max of her range. It didn’t sit well with 25 year vets and then she was all pissed off no raise after a year. Man the stories she told me about working in banking…and she was a licensed banker (series 7 and 66 and life). She never so much as sold any securities after going through that training program..

 

[andrew_j]

Well said, I find it unbelievable that some people think they are entitled to a living wage.
If you can’t cut it, figure it out.

At the same time I cannot believe people feel entitled to complain about the price increases of fast food or gas especially those making middle class or better wages.

Not saying you. $60k in NH is bottom of middle class.

 

[Chris142]

Min wage went up to $20 here and is a disaster. Instead of making more money the busisnesses are cutting hours and getting kiosks and robots to work.

 

[Dave Hess]

My oldest sister has a law firm and started working as a Burger King cashier at 16 years old.
Back then (1992) law school was only $50K and she paid off her student loan, no money from Joe.
She makes very good money today and employs a few people.

Minimum wage jobs are for entry-level non skilled employment, not for supporting a family.

 

[SC Maintenance]

Incorrect on the definition. The minimum wage was designed to create a minimum standard of living to protect the health and well-being of employees, or rather, a minimum subsistence wage.

Or it could be said the wage was designed to allow one person, without dependents, to achieve a minimum standard of housing and sustenance without relying on outside aid.

Your second statement, is, of course, spot on.

Then how do you reconcile the minimum wage in 1938 adjusted for inflation is $5.53 now?

Minimum wage was never intended to be a living wage. Even when founded in 1938. People can write or say whatever they want - you can't argue with math.

Again, I do agree its currently too low. But its not a living wage.

 

[Propflux01]

Then how do you reconcile the minimum wage in 1938 adjusted for inflation is $5.53 now?

Minimum wage was never intended to be a living wage. Even when founded in 1938. People can write or say whatever they want - you can't argue with math.

Again, I do agree its currently too low. But its not a living wage.

I reconcile it with the mismanagement of Government officials to properly account for such variances. You cannot argue with human indecision or inaction.

 

[alarmguy]

At the same time I cannot believe people feel entitled to complain about the price increases of fast food or gas especially those making middle class or better wages.

Not saying you. $60k in NH is bottom of middle class.

To me, fast food can not be expensive enough. We are number 45 in the world for life expectancy and it’s a joke that people put that garbage in their mouth.

Also not to be argumentative, gasoline is cheaper than many things and not expensive at all when you compare actual prices of 1970 and take into account inflation. It makes gasoline look cheap.
What people think is expensive is their voting habits for additional taxes state federal, and local government put on the gasoline. That is solely the only difference.

So believe it or not I agree with your statement. People are so dumbed down to facts and figures.

 

[alarmguy]

https://www.law.cornell.edu/wex/min...e of the minimum,and well-being of employees.

I posted the reason the minimum wage was created not a modern day college/liberal interpretation of what it should be.
All good though, we get what we vote for. I respect that.
I vote to keep the money I work for and not have it taken away to a higher authority to give to other people

 

[eljefino]

The runaway cost increases of higher education are a major sore spot for me....

Too much to go into in this thread, or I would be here all morning, but the administrators and leaders at most major universities are guilty on several counts.

State schools usually have sunshine laws where anyone can see salaries for faculty and staff. Private schools... Not so much. It would be useful to coerce these guys to open their books if their graduates are going to get loan interest forgiveness.

 

[eljefino]

What people think is expensive is their voting habits for additional taxes state federal, and local government put on the gasoline. That is solely the only difference.

Federal gas tax hasn't risen in actual cents since 1994. It's a bigger political third rail than social security.

 

[alarmguy]

Federal gas tax hasn't risen in actual cents since 1994. It's a bigger political third rail than social security.

So what does that have to do with state and local?
The meaning of my post is the price of gasoline has not gone up more than the pace of inflation.
Do a thorough study of the taxes on gasoline and the refineries in California the your answer
Just discussing by the way.

I don’t see how gas can be any cheaper. $3 a gallon many times cheaper than the pace of inflation on CA electricity

 

[Propflux01]

I posted the reason the minimum wage was created not a modern day college/liberal interpretation of what it should be.
All good though, we get what we vote for. I respect that.
I vote to keep the money I work for and not have it taken away to a higher authority to give to other people

Simply because you do not agree with the source is not reason to consider your point the be all/end all.