Can Anyone Define What a "Living Wage" is to me?

[Bonzai]

If you choose to accept that those demographic changes resulted from illegal immigration, then supporting amnesty is not logical...

Given the scale of the changes that have resulted, I tend to think that those who have a better grasp of the whole picture are better qualified than myself to decide what under these circumstances is "logical"..........................

 

[polgara]

Unfortunately, the scale of these practices has resulted in actual demographic changes, which I, as a nonpolitician, am not qualified to judge in regards to what would be the best policies henceforth.........................[/QUOTE

Bonz, until recently I always thought the word "illegal" meant Against the law! Now, I'm not sure what it really means, other than the fact that a lot of people don't seem to agree with me. Well, all except for that Sheriff in Arizona! :clap:

 

[AlabamaPaul]

So monetary policy in the US or elsewhere overrides supply and demand? How so?

Where did I post anything about monetary policy in that reply? Policy is derived from a perceived understanding of the system and how best to utilize it for economic benefit...

 

[AlabamaPaul]

Given the scale of the changes that have resulted, I tend to think that those who have a better grasp of the whole picture are better qualified than myself to decide what under these circumstances is "logical"..........................

So, you're willing to abdicate your thoughts of right and wrong? It's not like you bonz...

 

[Sisyphus]

Where did I post anything about monetary policy in that reply? Policy is derived from a perceived understanding of the system and how best to utilize it for economic benefit...

Words 12 and 13.

 

[AlabamaPaul]

I'm out for the evening. Good night all...

 

[Sisyphus]

I'm out for the evening. Good night all...

Run along, loser.

 

[AlabamaPaul]

Words 12 and 13.

A system is not policy. Policy is the implementation of a system...

 

[Sisyphus]

A system is not policy. Policy is the implementation of a system...

The system is derived of policy; ergo synonymous.

 

[AlabamaPaul]

The system is derived of policy; ergo synonymous.

A system consists of set rules and regulations. Policies use the system as a means to an end...

 

[Bonzai]

So, you're willing to abdicate your thoughts of right and wrong? It's not like you bonz...

I think the changes are on the scale of "breathtaking" , a school I am not well versed in. Given the proportion of the change, "logic" in this instance needs to be defined maybe by someone better informed than myself...................

 

[Sisyphus]

A system consists of set rules and regulations. Policies use the system as a means to an end...

Where do the rules and regulations come from? (tip: government policy, not to mention the government put their name on the currency, and controls it)

 

[polgara]

I'm out for the evening. Good night all...

Good night, AP. eace:

Be well.

 

[274ina]

It appears as though you think people are not able to provide for themselves without the help of government to do it for them...

No, they are not able to provide Medical services for themselves. That is why we have Dr's.

Only difference is how we pay them and if they are allowed criminal extorsion or not.

 

[274ina]

If you have a potato and a hunk of meat and can make a burger and fries that you an get someone to buy for 5 billion dollars, then you should just go for it. If you're just a burger flipper asking "do you want fries with that", then it's not your potato. It's not your beef. It's not your kitchen or your customers or your anything. All you produce is 8 hours of slacking on the job and watching the clock waiting to punch out, which is worth minimum wage... barely.

Ahhhh I am so soryy, but your building, YOUR potatoe, YOUR burger NEVER get made with no labor.............and then you get NO $5B......

as for slacking on the job...........it still results in $5B in profits...........

 

[274ina]

Since McDonalds is a franchise operation it is much harder to gauge their profits, so I will use WalMart as an example instead. WalMart makes about $16 billion in profits and has about 2 million employees, so each employee generates about $8000/year in profits. Assuming that WalMart (and its stockholders) are willing to part with half of that profit, WalMart could elect to increase its employee's average pay from $16K/year to $20K/year or supply each employee with individual (but not family) insurance coverage and keep their pay the same.

Wal-Mart Stores - Fortune 500 - WMT

List of largest employers - Wikipedia, the free encyclopedia

Mcdonalds is a public company and the fanchisee slave corp barrior does not matter.

All figures are public hence the $5B in profits per year.

Walmart CEO
"35 million salary converts to $16826.92 an hour"

I expect that reducing the yachts, jets, CEO pay, waste to the Caymans shell corps, would make a living wage for all of walmarts workers........

 

[274ina]

So you refuse to form your question in proper english?

Very well than. None of your spin is needed.

Proper english will not save you from the millions of US CITIZENS that send you to the gillotine...............

I can imagine Louis 16th said the same thing...........about French

 

[ttwtt78640]

Mcdonalds is a public company and the fanchisee slave corp barrior does not matter.

All figures are public hence the $5B in profits per year.

Walmart CEO
"35 million salary converts to $16826.92 an hour"

I expect that reducing the yachts, jets, CEO pay, waste to the Caymans shell corps, would make a living wage for all of walmarts workers........

Just how do you expect that? Reducing the $35 million/year CEO pay to ZERO would allow each of the 2 million WalMart employees to get $17.50/year more in pay, hardly a wothwhile move, IMHO.

 

[Papa bull]

Ahhhh I am so soryy, but your building, YOUR potatoe, YOUR burger NEVER get made with no labor.............and then you get NO $5B......

as for slacking on the job...........it still results in $5B in profits...........

View attachment 67150732

So sorry. But if it's not your money that's making it happen, then you don't get the profits. You get an hourly wage for doing what you're told to do. If you want the big dollars, then YOU put together an enterprise and make it work. Your attitude is exactly the same as some insane Mexican that thinks he owns your property because you pay him to cut the grass. You don't own McDonald's because you are being paid a wage you agreed to work for in exchange for flipping burgers and stuffing french fries in bags. You deserve what you agreed to work for.

You want big bucks? Buy or lease a property and equipment. Pay for the insurance. Pay for the supplies. Pay for the advertising. Hire someone to do the cooking, the serving, the dishwashing, the sweeping the floors after the restaurant closes. Pass all the requisite inspections, get the requisite permits put everything you own up as collateral and then if you manage to actually make money and keep the doors open, then you get to keep the profits while some nitwit employees whine and snivel that since they're flipping the burgers, they should get your profits. And if you spend all the money developing the infrastructure for a successful franchise deal with multiple locations, you might be in line for the big bucks if you can get THAT to work.

And when you do, then you can tell the disgruntled ingrates sniveling that you're making the big money when they're doing the work to shut the f*** up and get back to work because THEN you would understand why burger flippers don't get billion dollar checks from McDonalds.

 

[Papa bull]

Mcdonalds is a public company and the fanchisee slave corp barrior does not matter.

All figures are public hence the $5B in profits per year.

Walmart CEO
"35 million salary converts to $16826.92 an hour"

I expect that reducing the yachts, jets, CEO pay, waste to the Caymans shell corps, would make a living wage for all of walmarts workers........

Well, tell ya what... you buy up some stock and run that by everyone at the next stockholder's meeting. If you think the stockholders are making too much money, then buy some damned stock and join the party.

 

[washunut]

I see this term thrown around all the time when it comes to minimum wage. I'm curious as to what this means.

Does living wage mean the minimum wage necessary to survive? Or is there a minimum amount of amenities one must also have such as a computer, car, television, etc.?

Minimum wage in America is more than what 90% of the rest of the world makes and even adjusting for purchasing power, living in the US is better than most of the rest of the world. I have a friend who makes less than minimum wage working for a charity and she says she gets by fine and doesn't accept food stamps because she doesn't want to set a bad example for the kids she mentors. Does this mean she is making a "living wage", or does living wage constantly change depending on a person's spending habits? And before the trolls come in and accuse me of partisanship, I am just telling a true anecdote that I understand is not proof of anything. I'd just like clarity on what criteria defines "living wage" and whether this means any less money will mean no longer living.

It would probably be a wage that allows everyone in the family to have smartphone and wi-fi coverage. Of course the kids need the newest Nikes lest they be poked fun of at school. Expect to eat out for lunch every day, too busy to make lunch, same for dinner. If you don't live in a city, the expectation is every family member over 16 would have a car, so clearly we need to be able to pay the insurance, gas, maintenance etc. An apartment with a bedroom for each child.

Probably leaving out a bunch of stuff.

 

[274ina]

Just how do you expect that? Reducing the $35 million/year CEO pay to ZERO would allow each of the 2 million WalMart employees to get $17.50/year more in pay, hardly a wothwhile move, IMHO.

But there is a whole army of executives at walmart. If you reduce all their pay, then things are more equal like in the rest of the world.

 

[274ina]

So sorry. But if it's not your money that's making it happen, then you don't get the profits. You get an hourly wage for doing what you're told to do. If you want the big dollars, then YOU put together an enterprise and make it work. Your attitude is exactly the same as some insane Mexican that thinks he owns your property because you pay him to cut the grass. You don't own McDonald's because you are being paid a wage you agreed to work for in exchange for flipping burgers and stuffing french fries in bags. You deserve what you agreed to work for.

You want big bucks? Buy or lease a property and equipment. Pay for the insurance. Pay for the supplies. Pay for the advertising. Hire someone to do the cooking, the serving, the dishwashing, the sweeping the floors after the restaurant closes. Pass all the requisite inspections, get the requisite permits put everything you own up as collateral and then if you manage to actually make money and keep the doors open, then you get to keep the profits while some nitwit employees whine and snivel that since they're flipping the burgers, they should get your profits. And if you spend all the money developing the infrastructure for a successful franchise deal with multiple locations, you might be in line for the big bucks if you can get THAT to work.

And when you do, then you can tell the disgruntled ingrates sniveling that you're making the big money when they're doing the work to shut the f*** up and get back to work because THEN you would understand why burger flippers don't get billion dollar checks from McDonalds.

your attitude was ended when the FLSA passed. labor does matter, and now that there are no more CEO's on the NLRB maybe the law will come back.

Imagine all those "buger flippers" with nice maple clubs and shields ON STRIKE at every store. Oh man, the stock would be zero in days right after the police fail to break them.

And as soon as a cop shoots then the guns come out, and we have us a real dust up agian like happened so many times before..........

 

[274ina]

Well, tell ya what... you buy up some stock and run that by everyone at the next stockholder's meeting. If you think the stockholders are making too much money, then buy some damned stock and join the party.

Owning shares is just another fake ownership facade in USA. Just like "home" ownership. the few big owners are all that matter.

Funny how the US will still not allow unions to vote their shares in companies.......................so much for democracy in wall street......

 

[ttwtt78640]

But there is a whole army of executives at walmart. If you reduce all their pay, then things are more equal like in the rest of the world.

OK, Skippy - just how would you suggest that "we" reduce the pay of Walmart's army of executives? Are you suggesting imposing a US maximum wage now, to help offset your desire for a higher US minimum wage without simply having that cause ever increasing product/service prices? What nation, in the rest of the world, would you have us emulate the labor laws of?