Enable the creation of good paying jobs, increase the percent of eligible workers from a 30 year low of 63% to closer to 75- 80% and the wage issue goes away and the inflation issue comes to life. Employers will have to bid wages up to fill their employment needs. Do you recall when there were job fairs and large signing bonuses for those with programming skills, or the huge signing bonuses for pharmacist. A shortage of something does that in a free market economy. Gas prices are another example of supply and demand working. Unions have and serve one purpose which is to keep feeding their own greed and the high dollar hierarchy in the union.
Most of the posts so far today can be categorized as "I'VE GOT MINE, SCREW YOU"
I helped pay for your education which you did not take advantage of, I helped pay for your training to learn a skill or trade which you failed to utilize, I pay more taxes so you can get a refund of more than you paid in, I contribute to the cost of your government food card and a few other freebies. Now you want me to pay more for a hamburger so I would again be contributing to your lack of initiative. Screw you, get yours like I got mine, go to school acquire a skill or trade that is valued by an employer and work your ass off and save as much as you can and pay your own way.
Help provide for the elderly, the disabled and children and help those that want to better their lot in life with education and training do so. It is time for you to be a giver not a taker.
Why do people want to make what is intended as a part time or transition job a career job? Would the new minimum apply to all
the small struggling businesses that need help? Would it apply to the transient farm workers? Will it justify investing in more automation and reduced need for employees? The answer is yes.
It is never as simple as it appears. Increase the lowest rate and all rates above that will increase proportionately to maintain the differentiation justified by the difference in knowledge, skill and ability required and where employers pay more to attract and retain employees to minimize turnover. Inflation will increase as well and everyone will pay for the new rates. How much KSA does it take to ask "do you want fries with that" or to use automated and modern equipment to assemble already prepared fast foods?
Once again the administration and congress demonstrates they know little about how businesses operate and just how difficult it is to operate a successful business. What should we expect from a room full of lawyers that know little about anything other than creating more laws.
A rose by any other name is still a rose. Welfare by any other name is still welfare. Earned income credit is welfare hidden in the tax codes as are many other forms of welfare which are called deductions, credits, incentives etc. The talk about transparency is all talk. Increase the level of eligibility for welfare and eliminate the sources under many other labels and programs. Any assistance provided one person or business that is not available to every tax payer or business at the same rate is welfare.
Any revenue the government receives regardless of the label such as a fee, royalty, assessment or fine is a tax. The highest tax rate in the world on businesses is paid by few due to business welfare in the form of deductions and reductions for those shown favor by those receiving favor. It is foolish to think taxes on any business is paid by anyone other than the consumer.
You want to see a booming economy with government revenue at an equal or greater rate then abolish all government imposed cost and tax what is spent to assure those that can afford it are paying more. A quarterly probate will assure those at the lowest end of the scale pay no taxes or a lower rate. Politicians, the wealthy, those with black market and illegal incomes reject and attack this concept and scare the hell out of those that would benefit but can't grasp it and insist on it.
Greed can be overcome by practicing generosity and gratitude. Recognizing that only a finite number of things are needed in order to live, and to live well is a step toward overcoming greed.
Limiting the number of things you accumulate and being grateful and appreciative of what you have can put an end to greed; so can giving freely of both your time and possessions.
tifosi...that is different than governments confiscating from the successful and distributing it to those in need and to those that have been irresponsible without making a difference between the two.
Will government confiscation reduce greed or just kill any initiative to work hard and achieve success? Your sources imply that any accumulation of wealth is due to greed and anyone that is successful must be greedy.
Is it not sinful to covet? Who is greedy, those that have worked to have something or those that insist they should be given that which the other has achieved?
fairmon - you are getting off topic. push your politics elsewhere. WE'RE ARGUIN BOUT RELIGIN HERE.
I didn't realize you were the room proctor. It is a religious statement, not an argument. I didn't think Christians argued only hypocrites like those insisting legislatures allow them to impose their personal so called religious view.
The season is reason to reflect on an unusual year and how some have given until there is little left to give although there are those that insist on more. The plan to increase the city budget by no less than 1% in order to extend employee benefits to gay or straight domestic partners is a gift many citizen do not support.
City Council chairman Hakeem questioned the process saying the referendum sets a precedent for residents to push back on other issues that the City Council puts forward. He said, we are elected to make decisions.
In other words how dare those 10,000 or more that signed the petition to question those they elected to be good stewards of tax payer money and to exercise restraint and good judgment in fulfilling their fiduciary obligation. The council is elected to make decisions however, once people realize their mistake in their selection of decision makers they have an obligation and a right to challenge any decision they make. It is not a moral issue and those opposing the decision on those grounds alone have no right to decide who should have what kind of relationship.
Jt6gR3hM included in a post...
The country that cut poverty the most was China. Between 1981 and 2010 it lifted a stunning 680m people out poverty. This cut its poverty rate from 84% in 1980 to about 10% now.
Success and people escaping poverty comes disguised as hard work.
Americans are soft and want to be paid far beyond their ability to contribute to the success of their employer's business. CEOs and management are the most over paid, no human is worth what they are paid. The same applies to athletes. What justifies the $15 and hour being demanded for the ability to say "u want fries and a drink with that"?
Now, hidden in that cycle are people without much means and education. Low prices actually help them you say, but they are equipped only to take jobs, if they can find them, that are in the services/supply-end, like flipping burgers or cleaning floors that do not even pay a living wage.
You have the root cause identified but no solution. The number that fail to utilize an opportunity to develop a skill or trade that increases their value to an employer is growing rapidly. To a large extent government is a major contributor by allowing those that could and won't to become dependent on government. Equally responsible is the education system which is still operating on the old one room concept but having students change rooms and teachers all day. The U.S. spends more per student and gets poor results compared to many other countries.
Don't attack me for not having feelings for those ill, infirmed, the elderly or children. They should be provided for much better than we do but for those laggards that are just sorry I would not flinch if they starved or expired due to illness. Where are the parents when you see a young person with tat's, pierces, pants below their crack and their hat on crazy? They need a good dose of discipline, hard work and suffer serious consequences if they fail to utilize the opportunity to get an education.
smokie 59...apparently you read a bare bones news headline.
Wage rates in most cases have increased similar to GDP growth however the 63% percent of eligible workers employed is at the lowest level in over 30 years therefore net income has not seen similar gains. Companies have bought back shares of their own company stock, often with borrowed money, at a record rate to make profits per share look better and attract investors. QE with more money printed and added to the economy each month has artificially driven the stock market up also.
You are right Obama didn't do it, in fact he and congress have done nothing to improve the jobs situation but plenty to deter the creation of good jobs. Wages and inflation go up when unemployment is low and businesses have to compete to attract & hold employees.
Obama is not a leader. His adversarial attitude, public criticism of anyone disagreeing with him and seeming to never know what has happened until it is in the news is not conducive to reconciling issues. He has consistently defended incompetence within his staff which consist of the lowest percent of business experience than any president in history. Valery Jarrett is actually our president but Obama has the title and gets the blame.
You could call this trickle around.
CNBC...The United States is the world's most generous nation, according to a global index of giving, as a higher proportion of Americans helped a stranger than any other country in the world.
The 2013 World Giving Index – published annually by international nonprofit organization Charities Aid Foundation – looks at three measures: monetary giving, volunteering and helping of strangers in a typical month.