I was kind of hoping somebody would pick up on this...
Agitation...violation...mutilation...planet dies
Darkest color
Blistered earth
True death of life
.
Blackened by Metallica.
1Reply
·
Edited 7 years ago
deleted
· 7 years ago
May I ask how living wage is being defined? Because, you can live off $20,000 a year (depending on where you live, so assuming you're living in someplace that isn't California or New York City). You can't live comfortably, but you'll live. You'll have to be disciplined and won't be able to splurge often, but you won't be in poverty. If you've got a lot of debt I don't know.
As far as high school, college, and experience, that depends a lot on your major. Major in electrical engineering for example, and you can get $60,000 (average starting salary) in your first year out of college with only a bachelors. 50% more than someone who works a 40 hour week at $20 an hour. And you'll likely get hired. Last I checked (several years ago) was that there is an extreme shortage of engineers, with there being something like 20 job openings for every 1 engineer.
If you major in something "less practical," and that isn't in high demand, you'll get paid less and have a harder time getting hired.
Not to mention they are comparing the 1950. Back then you got a job you worked your ass off by the time the day was done you were dead on your feet. Now we have machines that do 1/2 those jobs and a work force that moves at a snails pace and can't get a order right at mc Donald but wants to make 60k a year. you don't have a college degree but want good money no problem go join a black top crew or a roofing company you'll make good money but you'll work your ass off earning it. But no one want a job that they have to actually work at.
Wage stagnation attributed to reform of immigration act in mid 1960's.
Don't like devalued currency? Quit welcoming 1 million legal migrants every year.
oh, if only it were that simple..:
"However, the primary cause for lower than average wage growth in the late 1970s appears to be economic stagnation in the area, with immigration only a secondary factor." digitalcommons.law.yale.edu/cgi/viewcontent.cgi?article=1157&context=ylpr
or
end of Gold Standard is to blame www.zerohedge.com/news/2015-02-20/why-1-hates-gold-standard (though the following article cites this one and blames the 1965 act: www.cairco.org/blog/working-wages-stagnated-after-1965-immigration-act)
or
"our economy is optimized for financialization, not labor/earned income", "[economists'] explanations include automation, globalization/ offshoring, the high cost of housing, a decline of corporate competition (i.e. the dominance of cartels and quasi-monopolies), a failure of our educational complex to keep pace, stagnating gains in productivity, and so on." www.zerohedge.com/news/2017-09-08/real-reason-wages-have-stagnated-our-economy-optimized-financialization?page=
cont.:
continued:
or
"The president’s argument during the State of the Union address was probably not that wage redistribution and suppression doesn’t exist, but instead that the level of wage dampening that immigration is actually responsible for in the broader scope of the problem pales in comparison to the wage suppression that has occurred since multi-billion dollar companies decided to prioritize rewarding shareholders first and workers last." www.theatlantic.com/business/archive/2016/01/immigrants-or-executives-whos-to-blame-for-wage-stagnation/424032/
but of course, blaming immigrants gets you more likes/votes
Agitation...violation...mutilation...planet dies
Darkest color
Blistered earth
True death of life
.
Blackened by Metallica.
As far as high school, college, and experience, that depends a lot on your major. Major in electrical engineering for example, and you can get $60,000 (average starting salary) in your first year out of college with only a bachelors. 50% more than someone who works a 40 hour week at $20 an hour. And you'll likely get hired. Last I checked (several years ago) was that there is an extreme shortage of engineers, with there being something like 20 job openings for every 1 engineer.
If you major in something "less practical," and that isn't in high demand, you'll get paid less and have a harder time getting hired.
Don't like devalued currency? Quit welcoming 1 million legal migrants every year.
"However, the primary cause for lower than average wage growth in the late 1970s appears to be economic stagnation in the area, with immigration only a secondary factor." digitalcommons.law.yale.edu/cgi/viewcontent.cgi?article=1157&context=ylpr
or
end of Gold Standard is to blame www.zerohedge.com/news/2015-02-20/why-1-hates-gold-standard (though the following article cites this one and blames the 1965 act: www.cairco.org/blog/working-wages-stagnated-after-1965-immigration-act)
or
"our economy is optimized for financialization, not labor/earned income", "[economists'] explanations include automation, globalization/ offshoring, the high cost of housing, a decline of corporate competition (i.e. the dominance of cartels and quasi-monopolies), a failure of our educational complex to keep pace, stagnating gains in productivity, and so on." www.zerohedge.com/news/2017-09-08/real-reason-wages-have-stagnated-our-economy-optimized-financialization?page=
cont.:
or
"The president’s argument during the State of the Union address was probably not that wage redistribution and suppression doesn’t exist, but instead that the level of wage dampening that immigration is actually responsible for in the broader scope of the problem pales in comparison to the wage suppression that has occurred since multi-billion dollar companies decided to prioritize rewarding shareholders first and workers last." www.theatlantic.com/business/archive/2016/01/immigrants-or-executives-whos-to-blame-for-wage-stagnation/424032/
but of course, blaming immigrants gets you more likes/votes