Minimum wage would be $23/hour if it kept pace with inflation. It used to be that a single income could sustain a large family. Now two working parents can barely raise a single child and are ~$500 away from going into debt. Education used to be almost free, now students can’t shake debt unless they die. ~500,000+ families go bankrupt every year from medical related expenses. The world is on fire, the environment is going to ****. Someone picks up the tab and it’s always the working poor. The rich don’t have to worry unless they’re asking the government for handouts to fix their beachfront property.
No it wouldn't.
Since 2009, the federal minimum wage has been $7.25, or $15,080 a year. Many economists believe this is woefully inadequate and unjust. Consider this: in order to simply have kept up with inflation since 1968, the minimum wage value would have needed to climb to $10.90.
Without an education finding a 10 dollar an hour job is not difficult.
if you have some skill. There are janitors in NY making 100k a year pushing a broom.
My family is a single income family we do just fine, but i did things that allowed me to make more money.
No education was not almost free. There simply were just not that many people going to college.
9/10 you graduated school and went to work at the factory that your dad worked at until he died and you died.
I have to post this same thing to every liberal that says this and they constantly repeat the same lie over and over again.
i am beginning to see that it is impossible to educate a leftist.
Exposing the Myth of Widespread Medical Bankruptcies
New England Journal of Medicine is skeptical of these results as well. The study tracks a stratified sample of adults between the ages of 25 and 64 who were admitted to the hospital for non-birth-related reasons between 2003 and 2007. It finds that fewer than 4 percent of hospitalizations resulted in bankruptcies.
The Warren studies conducted a survey of bankruptcy filers from public court records for the years 2001 and 2007, respectively. Based on a sample of about 1,000 debtors, they concluded that more than 50 percent of these had filed for bankruptcy due to debt from medical problems. But this approach is inherently flawed. By limiting the sample to those who had already filed for bankruptcy, the study overstated the incidence of medical debt.
In other words, if the authors were trying to establish whether medical debts cause bankruptcy filings, the appropriate sample should have included households with and without medical debt, and households who filed or did not file for bankruptcy. In short, what the authors have established is some correlation, but not causation.
The Department of Justice did a similar survey of bankruptcy filers between 2000 and 2002, which included a much larger sample of 5,203 filers, and found that 90 percent of filers had medical debts less than $5,000, and 54 percent had no medical debt. The 2009 Warren study reports nearly 35 percent of filers with more than $5,000 in medical debt, and a much smaller fraction with no medical debt or other medical reason to file for bankruptcy.
Finally, the 2005 study used an overly broad definition of “medical filers,” which included people with any sort of addiction or uncontrolled gambling problems. The 2009 study removed these clauses but still claimed that nearly 62 percent of bankruptcy filings are due to medical reasons. This high number is partly driven by the fact that the authors attribute any remotely medical factor as the cause of the bankruptcy filing, not just medical debts.
The numbers you are using are not correct they are a dishonest propaganda by Elizabeth "liar" warren yet again.
the only part i agree with is the beach front property.
