Quote:
Originally Posted by Nebe
Rather than focus on the negatives, lets focus on the positives.
What is a fair living wage in this country ? Id say its $15 to $20 an hour if your single. If the bulk of the lower class were making that kind of money, this country would be back on track again.
I have no idea what minimum wage is these days, but I figure its under $10 an hour...
What I am saying is that the cost of living has skyrocketed and personal income has stagnated. As a result, people are defaulting on their mortgages and credit card debt.. To solve this, people have to earn more money.. its the only solution.
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Positives?
Where does this money come from?
Lets run some numbers under your economic package:
(hypo) I am a small busness owner. I have 15 employees (uneducated, unskilled) who make your minimum wage of $10 an hour. They work 8 hours a week 50 weeks a year:
15 employees x $10= $150 per hour
$150 x 8 hours a day= $1,200 per day
$1,200 x 5 days a week = $6,000 per week
$6000 x 50 weeks a year (2 week vacation)= $300,000 year (payroll)
(And this doesn't even include the health insurance that the employer also pays into, which is a whole other argument)
Under your plan since the lower class needs more money, I just double everybody's salary by $10 to $20 an hour and double my payroll up to $600,000? That's how we solve this? We run the small business owner out of business on the spot, in doing so we eradicate the 15 jobs that these people had. Now they go on unemployment, welfare,WIC and begin to suck off the public teat?
I really don't know how to say this... but we do not get this country back on track by stuffing the pockets of the lower class. That is a panacea fraught with it's own set of problems.