Dockside Chat - Saleries and bonuses

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lobstercatcher
05-15-2012, 01:07 PM
http://wusa9.com/news/article/205352/158/Federal-Workers-2011-Salary-

No comment from me... other than minimin wage should be $50 a hour


Uncas
05-15-2012, 01:18 PM
http://wusa9.com/news/article/205352/158/Federal-Workers-2011-Salary-

No comment from me... other than minimin wage should be $50 a hour

I believe the minimum wage for government employees already exceeds $50 per hour......

lobstercatcher
05-15-2012, 01:36 PM
I believe the minimum wage for government employees already exceeds $50 per hour......

You have a point:rofl::rofl::rofl:


Trollin4Tuna
05-15-2012, 02:00 PM
http://wusa9.com/news/article/205352/158/Federal-Workers-2011-Salary-

No comment from me... other than minimin wage should be $50 a hour

If minimum wage was $50/hr, the middle class would be screwed. How? Everyone who makes under $50/hr would get a raise or get fired but you can't fire everyone since you have to keep making your product and providing your service. It takes a while to outsource or move whole factories over seas.

If you make $50/hr or more now, do not expect your employer to give you a raise anywhere near what was given to minimum wage earners as costs have to be contained as much as possible due to sudden shock of massive increase in input costs.

The cost of products/services will have to increase to cover the increase in labor.

In the end, minimum wage earners are worse of in the aggregate as unemployment is up for them and the ones who are now making $50/hr are only slightly affected as prices rise to adjust for the minimum wage, their buying bower will be relatively the same.

The middle class now are really bad off as prices have dramatically risen while wages haven't for them. Their buying power has been crushed and it will take a lot longer for them to get it back.

ladyjane
05-15-2012, 03:33 PM
I far as I can see the middleclass will never get there buying power back.

id-10-t
05-16-2012, 03:52 AM
this is the kind of crap that gets to me.
A cop enter the field to put his life on the line 30k a year if he is lucky .
Some of the small cities are at 25k a year for a cop.
No wonder so much corrupt BS comes out of oakhill FL.

CLang
05-16-2012, 04:07 AM
Think about it this way. People bitch about paying 4 bucks for a gallon of milk that is bottled at a plant by people making 10-15 bucks an hour. Increase that to 50/ hour and your gallon of milk now costs 20 bucks. The buying power will not change, it will all stay relative.

Also, if a person makes 22 dollars an hour, the cost to the employer is closer to 50 an hour in benefits, insurance and other incentives.

LI32
05-16-2012, 04:22 AM
this is the kind of crap that gets to me.
A cop enter the field to put his life on the line 30k a year if he is lucky .
Some of the small cities are at 25k a year for a cop.
No wonder so much corrupt BS comes out of oakhill FL.

I guess maybe cops in many parts of the country do.
Where we live, the basic patrolman with 10 years experience, earns, including an average of 15% overtime, $137,000/yr in pay plus benefits (full medical, clothing, 30 days paid leave and 50% retirement pay after 20 years) - is it any wonder that typically 20-30,000 people submit applications every two years for the 150-200 positions that open up? We have police captains making $250,000/yr.

rowbear
05-16-2012, 05:25 AM
I guess maybe cops in many parts of the country do.
Where we live, the basic patrolman with 10 years experience, earns, including an average of 15% overtime, $137,000/yr in pay plus benefits (full medical, clothing, 30 days paid leave and 50% retirement pay after 20 years) - is it any wonder that typically 20-30,000 people submit applications every two years for the 150-200 positions that open up? We have police captains making $250,000/yr.


rut-row.......Oldpetes blood pressure just went up 50pts....:grin:

Beehaw
05-16-2012, 10:44 PM
Minimum wage isn't intended for middle class people, it was intended for entry level The entry level people are the ones that lose the most, as working for a lower wage is the only thing they have to offer. The job normally gives them experience to move out of the minimum wage category. Go on ouTube and search Milton Friedman; he was amazing at explaining things like this.

lobstercatcher
05-17-2012, 10:33 AM
Minimum wage isn't intended for middle class people, it was intended for entry level The entry level people are the ones that lose the most, as working for a lower wage is the only thing they have to offer. The job normally gives them experience to move out of the minimum wage category. Go on ouTube and search Milton Friedman; he was amazing at explaining things like this.

So if a head of households only job offering is a minimum wage pay,, you suggest they not work?

Beehaw
05-17-2012, 08:54 PM
So if a head of households only job offering is a minimum wage pay,, you suggest they not work?

I suggest that everybody work, if they want to eat.

People act like minimum wage helps the less fortunate, but look at the basic economics of it: If a company has $15/hr to spend to get a job done, raising the minimum wage won't increase the amount they have to spend, it will decrease the amount of people they can hire to do it. If somebody is willing to do the job for $3/hr, he must think it is better than the alternative, or he wouldn't do it.

When a company has a job that somebody is willing to do for $3/hr and they can't hire them for that, they might just add it to somebody elses responsibility's; now the guy that wanted to work for $3/hr is out of work and may not have gathered enough experience to justify anything more.

Here is a good clip of Miton Friedman doing what he did so well: explaining what should be simple.

http://www.youtube.com/watch?v=ca8Z__o52sk

Hooper
05-17-2012, 10:28 PM
http://wusa9.com/news/article/205352/158/Federal-Workers-2011-Salary-

No comment from me... other than minimin wage should be $50 a hour

If you would pay me $50/hr to work the deck of your lobsterboat, I'll quit my job tonight and be at the dock at sunrise.

lobstercatcher
05-18-2012, 04:16 PM
If you would pay me $50/hr to work the deck of your lobsterboat, I'll quit my job tonight and be at the dock at sunrise.

$50 hr isn't minimum wage yet.

NJLorelei
05-18-2012, 05:52 PM
Here is a good clip of Miton Friedman doing what he did so well: explaining what should be simple

Milt is the man.

I worked as a security guard one summer. I wanted to work more than 40 hours and was happy to do so without being paid overtime (obviously that could not happen with our government). So I had to work for two different companies. I would be changing my uniform as I drove from one job site to the next.



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