No American who works full-time should live in poverty.
No American who works full-time should live in poverty.
Congress could do one single thing that would have a greater positive impact on our economy, than any other. It could double the minimum wage and link it to the cost of living. The result would be an economic boom unlike anything we have seen since the 1950s.
http://www.dailykos.com/story/2014/08/02/1318650/-Double-the-Minimum-Wage-and-set-off-an-Economic-Boom
Congress could do one single thing that would have a greater positive impact on our economy, than any other. It could double the minimum wage and link it to the cost of living. The result would be an economic boom unlike anything we have seen since the 1950s.
http://www.dailykos.com/story/2014/08/02/1318650/-Double-the-Minimum-Wage-and-set-off-an-Economic-Boom
Replies
:Spittingcoffee
Do you disagree with the idea or the source?
That's all you got for looney troll pieces???!!!
C'mon... You can do better than that.
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Not necessarily, but you should be able to provide for yourself at the very least, without burdening the tax payer.
Thats cool with me. Are you cool with paying $15 for a sub?
Henry Ford was very clever. He said he wanted his employees to be able to buy his cars, so he paid them enough so they could buy his cars, and they did
Subsequent to the Berkeley study, there were studies in other states showing similar levels of reliance on public assistance by Walmart employees. A 2004 Congressional committee staff report estimated that the total amount of public assistance received by Walmart employees each year could have been as much as $1.5 billion. A 2014 report said the amount of government aid to Walmart employes had reached $6.2 billion.
Walmart’s low-wage workers cost U.S. taxpayers an estimated $6.2 billion in public assistance including food stamps, Medicaid and subsidized housing, according to a report published to coincide with Tax Day, April 15.
Americans for Tax Fairness, a coalition of 400 national and state-level progressive groups, made this estimate using data from a 2013 study by Democratic Staff of the U.S. Committee on Education and the Workforce.
Walmart’s annual profits are approaching $100 billion. If the company's average wage was raised to $15.80 an hour, accounting for slightly higher pay for supervisors and managers, or annually, an average of $30,576, that would be a living wage. Walmart’s profits would be reduced somewhere in the range of $15 billion. And that only would occur if their employees didn't spend more money in their stores. But history shows that is not what would happen. Some percentage of that increase would be returned to Walmart through employee purchases.
Imagine what would happen throughout the economy if every major employer had to pay at least $14.50 per hour, twice the current minimum wage. There would be no one left in the current classification of “low wage.”.
Define "provide". And just for yourself?
http://www.mckinsey.com/Insights/Public_Sector/The_Great_Decoupling
and here:
http://forumblog.org/2014/09/productivity-middle-class-wages-usa/
- Banks own all the homes.
- Banks lend on those homes based upon projected 30 year continuing employment plus collateral
Those projections have no basis in reality.
They are if you live in an Obama world.
How such a simple concept escapes some people is completely amazing.
This has not happened in the past. Why should we believe it will in the future.
In a manner of speaking, Walmart is using the same concept. They hire basically unemployable people, and they sell them their cheap goods. Not that I am a big fan of Walmart.
???? Anyone?
Not needing government assistance to survive.
Good start. So how much that cost?
?
Exactly! Not that much.
If I'm not I will eat at home.
Provide . .provide a home, food, clothing, etc . . just for yourself at a minimum (hence my comment at the very least).
That seems to be fair.
"Today is MINE"
SWFL_F1s0n should know. He said "provide". I just asked for clarification. You started that, but we need more details.
Depends, but some where around 150% of Poverty level.
People are paid just enough so they won't go find a better job. They are NOT paid what they are worth . . if they were there would be no profit.