Entries Tagged ‘Minimum wage’

The Writing Is On The Wall

The writing is on the wall, the United States is a on road of steady decline, and the U.S. government is preparing for widespread civil unrest.

Now for evidence to backup my statement:

China is Now the Biggest Trading Nation of the World – Forget trading with the United States.  Since the 1990s we have given our factories and our jobs to China.

The dollar is being replaced as the world currency – Now that China has the factories and the jobs, it’s just a matter of time before the before the Chinese yuan replaces the U.S. dollar.

What is the dollar backed by? A promise to repay our debt, and nothing more. What is going to happen when our debt grows to a point where it can not be repaid? Is the federal reserve going to print more money, which will fuel inflation?

The U.S. dollar is backed by nothing. Now its a matter of time before the rest of the world realizes that.

Homeland Security wants to buy more than 1.6 billion rounds of ammunition in the next four or five years – 1.6 billion rounds? How much ammunition do we need to fight a major conflict, say maybe with China?

Drones over U.S. soil – I sure hope those drones are being used in our war on drugs.

National Defense Authorization Act (NDAA) – Just like what happened to Native Americans and Japanese Americans, get ready to be detained without due process, and as long as the government wants.

US Economy Shrank 0.1 Percent In Last Quarter 2012 – The largest shopping time of the year, and the economy shrinks?  Something is seriously wrong there.

Get Your Preps In Order

How does someone prepare for a slow decline? Wages have been stagnated since the 1990s while prices on everything else continue to go up.  The middle class is being forced into poverty, while our infrastructure collapses around us.

We are in a war of attrition with the wealthy, and sooner or later Wall Street is going to win.

Maybe homeland Security is buying ammunition for when the middle class finally collapses?  When people can not afford to buy food and pay rent, something will have to give.

Wages Slipping for Skilled Workers

I spent 15 years in the welding field, was an ASME certified welder, built ASME certified pressure vessels and heat exchangers. The fabrication shops I worked at are in southeast Texas and Southwest Louisiana.

From 1986 – 1999 I saw wages eroded by inflation and greed by the employer.

One employer never gave raises, what you hired on at is what you made. After you were there for 3 months you “might” get a 25 cent raise, but never anything after that.

Another employer, their idea of a raise was 25 cents a year. That 25 cents was easily eaten up by inflation.

Today (2012), I would have to make between $66,000 – $67,000 to have the same standard of living that I had in 1990 when I was 22 years old. That $66,000 – $67,000 is just to maintain that standard of living, and not to improve it.

Welding shops in the area are not paying anywhere near that much these days. The last welding shop I worked at, I made around $45,000 a year.

Its not just a matter of low-skill jobs being associated with low wages, wages for skilled craftsmen have not kept with with inflation or minimum wage.

In 1987 I went to work for a certain company, at that time their top pay was 3.35X minimum wage.

Today, top pay at that same company is around 2X minimum wage.

What is going to happen over the next 30 years as wages and minimum wage stagnates against inflation? Will skilled workers be making minimum wage in 30 or 40 years?  How are working class families supposed to be able to buy a home, buy food and pay their basic bills?

Random Thoughts November 16 2012

Time for another random thoughts post.

The Amazing Spider-man

Bought The Amazing Spider-man for the grandkids to watch. The grandkids are between the ages of 3 and 5 and were not interested in Spider-man. But they can watch The Avengers all day long.

Why did Sony have to go back to Spider-man having an artificial web?

I thought The Amazing Spider-man was a rather bland.  I like how they got away from the Green Goblin and introduced The Lizard.  The original Spider-man movies seem to stuck on the Green Goblin.

Wages Today

A few days ago I was thinking about how much money I was making in the welding shops. In 1987 the top pay of the welding shop I was working at was $11.13 an hour. Minimum wage was $3.35 an hour.

11.13 divided by 3.35 = 3.3223.

In other words, top pay in the welding shop was 3.3223 times minimum wage in 1987.

In 2004 I checked back at that same welding shop, top pay was only around $14 an hour, which was less then 3X minimum wage at the time of $5.15. In other words, wages have not kept up with inflation or minimum wage.

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Personal responsibility and family values

Whatever happened to family values? It seems that I can not even watch TV with my kids without some kind of profanity or discussion on sex.

Which came first, the chicken or the egg? Did society cause TV to go downhill, or did TV cause society to go downhill?

My step-daughter told me about a lady she knows that has gotten herself into a heck of a situation.

Man and woman are married and have a child,
Man and woman split up,
Man gets girlfriend,
Girlfriend gets knocked up,
Man goes back to wife.

Ultra-sound showed the baby has a severe case of spina bifida.

I think the pregnancy is too far along for an abortion.

Girlfriend smokes and eats nothing but fast food, or so the rumors go.

Girlfriend works a minimum wage job.

Maybe I am wrong in feeling this way, but why should the child have to suffer because the parents are irresponsible? Did the moms unhealthy habits contribute to the spina bifida?

The father is married but knocks another woman up. What kind of example is that setting for the children? When the kids get grown, will they think its ok to get married then go around knocking other women up?

The girlfriend works at a minimum wage job, so the government is on the hook for birth and medical treatment.

I feel really bad for the child.

This story is repeated over and over and over all over the world. Mom and dad strung out on drugs, children born with fetal alcohol syndrome or other birth defects. What is society supposed to do? We can not cast those children to the side.

The answer is personal responsibility.

But how do you make people take responsibility for their actions?

The future of generation Y

My first wife and I had 4 children, which were born between 1987 and 1996. I often what kind of nation we are leaving our children.

The U.S. government is broke, and still continues to spend money like kids in a candy store. Jobs are still be deported to china, illegal immigrants can get a free education, and now with the policies obama put into place, the illegals do not have to worry about being deported.

In 20 – 30 years will anyone have national pride? What is a nation without citizens and borders?  What defines a citizen?  Is it someone that walks across the border, then raises their hand for free benefits?  What good does it do to be born here, when people can just walk across the river and get equal treatment?

Then there is the free trade issue. As our factories move overseas, what are your children and grandchildren supposed to do for jobs?  Those factories also mean national security.  It takes longer to build a factory then it does to retool.  Lets say we go to war with china and russia, where are our factories?

1 – go to college, get massive debt and hope you land a good job.

2 – go into retail.

3 – start your own business. If you had a rich uncle leave you a couple hundred thousand, maybe you can buy a franchise.

4 – learn a skill and got to work in a refinery, welding shop, land drilling rig or off shore drilling rig.

I will tell you something about working in welding shops, as I have 15 years experience. In relation to minimum wage, people 20 years older then me made more money in the 1960s and 1970s then I made in the 1980s and 1990s. Like everything else, the pay for skilled workers has stagnated.

I worked in the welding field for 15 years. There is a physical toll it takes on your health, lungs, vision, fingers, even people being killed.

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Thoughts on how to reform minimum wage

We need a structured minimum wage based on how much money the company made. With a structured minimum wage, walmart would have a higher minimum wage then some mom and pop corner store.

A flat rate minimum wage creates an unfair playing field, with the large companies having the advantage.

Employees would be motivated to help make the company profitable, because their wages would be tired to how much money the company makes.

Except for small businesses, minumum wage should be a certain percentage of the total profits.

Companies like walmart that turn billions in profit would be forced to pay a liveable wage. If a company like walmart makes 20 billion in profit, they can afford to pay a higher wage then a mon-and-pop store that is barely turning a profit.

If Mcdonalds can turn a billion dollars in profit, there is no excuse for paying near poverty wages.

If walmart can turn a billion dollars in profit, there is no excuse for paying near poverty wages.

Simple minimum wage fix

Limit the pay of CEOs to a certain percentage of the lowest paid employee.

Lets use a CEO that makes 20 million a year, a simple minimum wage fix would be to force the company to pay a minimum wage of $200,000 a year. This way the CEO only makes 100X what the lowest paid employee makes.

Corporate welfare

I am tired of my tax dollars being used to subside companies like walmart. Why is the US having financial problems? Because companies like mcdonalds, walmart, lowes, best buy,,, can get away with paying their employees poverty wages.

Fortune 500 employer – even though we make a few billion in quarterly profits, we are going to pay you $8 an hour. I understand you have 2 children at home? You should be able to sign up on welfare and food stamps to subsidize your income.

Employee – are you sure you can not pay more then $8 an hour?

Fortune 500 employer – we need to make sure the CEO gets his Christmas bonus at the end of the year, and he wants a new private jet.

Free market is supposed to determine wages

That is fine and dandy, expect the US is not a free market.

We have millions of illegal immigrants who will work for a lower wage then most US citizens.

We have free trade with china. Labor cost get to high, close the plant and move overseas.

When the factory closes, the people have to be retrained, which a lot of them go into the service sector because the manufacturing jobs are gone. More people in the service sector means wages are driven down even more.

If we did not have 8% – 10% unemployment rate, and we did not have free trade, then yea, maybe then the market would determine what wages to pay.

Since the 1980s I have seen shipyards close, numerous welding shops close, people that once held metal working jobs are being forced into other job markets.

Post your comments in this forum thread about Minimum Wage Reform.

  



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