Socialist Democratic Candidate calls for $30/hr minimum wage

[deezvols]

A politician supporting a larger pool of income tax to work with? Color me shocked….

 

[VolStrom]

We didn't do tobacco, dairy farm. When I asked my Dad about getting paid he said "you get to eat and sleep indoors don't you".

Dairy farm work was a 24/7/365 job. I'm guessing you never went to Disney World growing up?

 

[happy-go_vol]

Don't forget Luther.

luther, lg, septic. Same, same

 

[hog88]

Dairy farm work was a 24/7/365 job. I'm guessing you never went to Disney World growing up?

I've never been.

 

[SpaceCoastVol]

None of you worked for my dad. $3-$5 a day cropping tobacco. I think we made two or three cents a stick unstringing it.

I made $10/hour cash in the fields in the early 80s.


How old are you? Are really Grover Cleveland?

 

[Orangeburst]

I had to pick cotton in the snow on the uphill walk to school in the morning and back uphill at night on the way home.

 

[StarRaider]

I had to pick cotton in the snow on the uphill walk to school in the morning and back uphill at night on the way home.

yeah but they gave you a Les Paul.

 

[Orangeburst]

yeah but they gave you a Les Paul.

Actually purchased myself as a 21 YO..or so. $300 from a friend
It is a Lea Paul Chinese knockoff.

 

[DinkinFlicka]

$3.35 (min wage) in 1986 when I started work outside my family, is equivalent to $8.50 today.

I'm not a 15/hr MW guy but, come on, you and I both know that scaling is so off.

 

[Vol423]

I'm not a 15/hr MW guy but, come on, you and I both know that scaling is so off.

Yeah. It's $8.55. Not $8.50.

1986 United States Minimum Wage in Today's Dollars

The difference is that you didn't have a bunch of socialists running the federal and state governments back in 1986. It was understood that a single person couldn't raise a family working a minimum wage job for life.

 

[K-town Vol Fan]

$3.35 (min wage) in 1986 when I started work outside my family, is equivalent to $8.50 today.

Good, now do it for food, housing, health care, higher education, etc etc

 

[Vol423]

Good, now do it for food, housing, health care, higher education, etc etc

Those figures are based on the CPI.

 

[DonjoVol]

luther, lg, septic. Same, same

Add Clark, Zeppelin, and super democrat BB85 to the list.

 

[OrangeTsar]

Some republican should call their bluff and introduce a bill to raise it to $1000 per hour. Let the Democrats oppose or or else explain why they hate poor people.
It’s all Monopoly money anyhow to the left. Why NOT go all Weimar on the inflation ride?

 

[Rasputin_Vol]

Yeah. It's $8.55. Not $8.50.

1986 United States Minimum Wage in Today's Dollars

The difference is that you didn't have a bunch of socialists running the federal and state governments back in 1986. It was understood that a single person couldn't raise a family working a minimum wage job for life.

Note: We determine the value of a dollar using the Consumer Price Index from December of the previous year.

Well, we all know that the CPI is a corrupted calculation since the early 1990s...

Alternate Inflation Charts

 

[Orangeburst]

Some republican should call their bluff and introduce a bill to raise it to $1000 per hour. Let the Democrats oppose or or else explain why they hate poor people.
It’s all Monopoly money anyhow to the left. Why NOT go all Weimar on the inflation ride?

When the next imminent recession/depression hits...which will be inevitable, especially with inflationary concerns...people will be taking a huge haircut on any job wage.

 

[Orangeburst]

Well, we all know that the CPI is a corrupted calculation since the early 1990s...

Alternate Inflation Charts

I buy that. Yearly adjusted Inflation is well above the stated 10% now.

 

[Rasputin_Vol]

When the next imminent recession/depression hits...which will be inevitable, especially with inflationary concerns...people will be taking a huge haircut on any job wage.

Not in nominal terms. Their "haircut" will come in the form of galloping inflation.

 

[Orangeburst]

Not in nominal terms. Their "haircut" will come in the form of galloping inflation.

It will be double haircuts. People that need a job and inflation.

I bet the Feds prolong this to some Japanese scenario, but cannot see the outcome being some multi decade train brake. This end result is going to be massive or we are in for a long ride.

 

[GroverCleveland]

yeah but they gave you a Les Paul.

Hey. I have a Les Paul as well.

 

[Rasputin_Vol]

When the next imminent recession/depression hits...which will be inevitable, especially with inflationary concerns...people will be taking a huge haircut on any job wage.

Oh, and I wouldn't be surprised that when inflation does get going hard enough, you will see them implement price controls and/or another round of direct cash payments...

 

[Orangeburst]

Oh, and I wouldn't be surprised that when inflation does get going hard enough, you will see them implement price controls and/or another round of direct cash payments...

But they cant do direct payments..or can they? The proverbial box.
Odds are the Feds unwind just in time for the next non Liberal president.

 

[Orangeburst]

Hey. I have a Les Paul as well.

Fantastic. Just remember Star is a Stratocaster guy and setting us up. We are humbuckers...he is single coil kinda guy

 

[Ernest T. Vol]

The day I got my license, I drove to work. Dad arranged that way, of course. Made $2/ hour delivering furniture and appliances on Saturdays. Didn't put more than $5 gas in the car so I could have some spending money on my hot dates. HA!

 

[Rasputin_Vol]

It will be double haircuts. People that need a job and inflation.

I bet the Feds prolong this to some Japanese scenario, but cannot see the outcome being some multi decade train brake. This end result is going to be massive or we are in for a long ride.

I don't think they have anything left in their trick bag that can drag this out like Japan under the current system. The current system will just crash and then they will come back with a central bank digital dollar. Then they will be able to rewind the clock. I think most of the people would be happy with that...