View Poll Results: Assuming a 40 hour work week, is minimum wage a lot?

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Thread: Is minimum wage a lot?

  1. #431
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    Re: Is minimum wage a lot?

    Quote Originally Posted by SFCRED View Post
    The people who succeed in this life most often times make things happen for themselves and are resilient enough to bounce back from the crap life throws at them.

    And it's not a statistical fact dude bro. Your confirmation bias is just preventing you from seeing the truth.
    If every single person was rich, wouldn't the lesser rich by default be poor? There will always be somebody to look down on with disdain. Just enjoy it while it lasts.

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    Re: Is minimum wage a lot?

    Quote Originally Posted by Empirica View Post
    You don't have to be a rocket surgeon to know this, Kevo__In fact it's the easiest question I was ever asked_

    Capitalist Candidates that support the Constitution, promote small government, and believe in The American Dream that once made the United States the greatest, wealthiest, freest, most powerful nation in the history of the human race, that people from every corner of the world wanted to be a part of_

    Fill our capital with these candidates and there will be a chicken in every pot in America_

    Guaranteed!

    They don't exist in politics.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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    Re: Is minimum wage a lot?

    The current American federal minimum wage is 7.25$ per hour, while an adult cleaner in Norway can't legally be paid less than 161,17nok per hour, which equals 26,09$, or 3,6 times the American federal minimum wage.

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    Re: Is minimum wage a lot?

    Quote Originally Posted by Empirica View Post
    You don't have to be a rocket surgeon to know this, Kevo__In fact it's the easiest question I was ever asked_

    Capitalist Candidates that support the Constitution, promote small government, and believe in The American Dream that once made the United States the greatest, wealthiest, freest, most powerful nation in the history of the human race, that people from every corner of the world wanted to be a part of_

    Fill our capital with these candidates and there will be a chicken in every pot in America_

    Guaranteed!
    What time period are you referring to exactly? Reagan or pre-world wars? Anyways, I think you should reconsider before advocating a reincarnation of policies in any point of American history, as social mobility, equality and fairness have been a bit lacking throughout. If you are looking for a brighter tomorrow, don't look into America's past for reference.

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    Re: Is minimum wage a lot?

    Some work hard, others inherit fortunes Midas could only dream of without having to break a sweat.
    You seem to forget that how hard you work does not correlate to your chance of achieving wealth and success. Some Laborers are far more industrious than any investor. Scientists have benefited the world more than any banker. What seems to determine a person's income is his ability to advantageously manipulate capital, if he did not simply inherit.

  6. #436
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    Re: Is minimum wage a lot?

    Quote Originally Posted by TheGruvu View Post
    Some work hard, others inherit fortunes Midas could only dream of without having to break a sweat.
    You seem to forget that how hard you work does not correlate to your chance of achieving wealth and success. Some Laborers are far more industrious than any investor. Scientists have benefited the world more than any banker. What seems to determine a person's income is his ability to advantageously manipulate capital, if he did not simply inherit.
    Working hard doesn't guarantee success. Inheriting a fortune doesn't either. Neither does investing. Some make it; some don't. Such is life. Such is what life has always been. Such is what life will always be. And there's nothing government can do about it except to make matters worse, to ensure the political class, like the C-class in the corporate world, remain above the fray - regardless what they do.

    Inequity is a fact of life. There is no amount of compassion, no amount of emotion that will ever change that.

    Give a hundred people a million dollars each and in but a brief amount of time every person will have something other than a million dollars; some will probably have zero; others maybe half; others maybe double, triple, or quadruple the original amount. There is no government program, no government scheme, no strategy that will ever change that - inequity will be the inevitable outcome - every time.

    And no amount of envy; no amount of humility, or pride, or greed, or avarice can change it either.
    Who chimes "No Absolutes!" chimes absolutely.

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    Re: Is minimum wage a lot?

    Quote Originally Posted by TheGruvu View Post
    You seem to forget that how hard you work does not correlate to your chance of achieving wealth and success.
    Well that's true, you have to not only work hard, but work hard doing something the society around you values, and you also have to save some of what you earn, i.e. to consume less than what you earn. Hard work is just one required element of building wealth.

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    Re: Is minimum wage a lot?

    Quote Originally Posted by vasuderatorrent View Post
    Assuming a 40 hour work week, is minimum wage a lot of money?
    Well, it is a minimum wage after all. Enough for adequate living for a single person. Obviously you shouldn't be getting married to a stay at home spouse and/or having children until you get beyond a minimum wage.

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    Re: Is minimum wage a lot?

    Quote Originally Posted by TheGruvu View Post
    The current American federal minimum wage is 7.25$ per hour, while an adult cleaner in Norway can't legally be paid less than 161,17nok per hour, which equals 26,09$, or 3,6 times the American federal minimum wage.
    Hard to compare numbers. The average US household in the lowest quintile, which would include some minimum wage earners, gets $22,700 in net government assistance on top of their earned income while even low paid Norwegians pay a 28% tax rate (after subtracting 36% deductible plus 42,210 NOK (about $7,000). So a person making $15,000 would pay c. $700 in taxes.

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    Re: Is minimum wage a lot?

    Quote Originally Posted by EdwinWillers View Post
    Working hard doesn't guarantee success. Inheriting a fortune doesn't either. Neither does investing. Some make it; some don't. Such is life. Such is what life has always been. Such is what life will always be. And there's nothing government can do about it except to make matters worse, to ensure the political class, like the C-class in the corporate world, remain above the fray - regardless what they do.

    Inequity is a fact of life. There is no amount of compassion, no amount of emotion that will ever change that.

    Give a hundred people a million dollars each and in but a brief amount of time every person will have something other than a million dollars; some will probably have zero; others maybe half; others maybe double, triple, or quadruple the original amount. There is no government program, no government scheme, no strategy that will ever change that - inequity will be the inevitable outcome - every time.

    And no amount of envy; no amount of humility, or pride, or greed, or avarice can change it either.
    You are correct. No matter how just or equal the society is, it will never be perfect, but many people have realized that the struggle has been worth the effort nonetheless. Many countries in the world have become considerably more fair, equal and richer than the US because their governments actually did a good job. I would like to know why you think the government is by necessity, completely inept at improving any situation, as We have had the exact opposite experience here in Scandinavia.

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