In 1968 the U.S. minimum wage was $1.60/hr. If it had kept up with inflation, income growth, etc it would be $21.60/hr today, but it's $7.25.
Something to think about.
It should never have been that high in '68.
(BTW, when it was first suggested in the early 1900s it was ruled unconstitutional... but that's a different debate)
In the 30's it was 25 cents/hour, or roughly $4/hour in today's value. It became bloated to the 1.60 by the 60's (which is more like $10 in today's value).
But you haven't answered my question. Where do you think that extra money comes from?
Do you think minimum wage was intended for long term employment and to support a family?
Also you do realize that income and inflation drive each other, right?
Yes I understand the difference between minimum wage and a living wage, thanks.
Where does the extra money come from? I don't think there is a definitive answer. I assume you would argue it comes out out of the bottom line of Joe Small Business Owner who pay their employees minimum wage (and in exchange get minimum quality work mind you.)
I might argue the increased wages would come from giant corporations who's corporate tax breaks have allowed their success on the backs of the minimum wage workers. But hey, get an education right? Oops - then you're drowning in student loan debt and have no ability to even consider bankruptcy while corporations who poison drinking water of 300k people can. Sorry, that's another topic.
Listen, I understand minimum wage laws aren't ideal and harmful in some cases but what exactly do you propose? Letting the free market figure it out, and you think we have an illegal immigration problem now? Pff! There won't be a dose of Frontline Plus big enough to shake the fleas out of America then. Catch-22.
Something I've always found odd is the unbridled mouth foaming hatred of the president.
I think we might start seeing more votes for average Americans running for office rather than career ass kissing politicians.
As if an average American can come up with the cash to fund a run for POTUS.
The flag is named after American general and statesman Christopher Gadsden, who designed it in 1775 during the American revolution. It was also used by the Continental Marines as an early motto flag.
As the American Revolution grew, the snake began to see more use as a symbol of the colonies. In 1774, Paul Revere added it to the title of his paper, the Massachusetts Spy, as a snake joined to fight a British dragon.[4] In December 1775, Benjamin Franklin published an essay in the Pennsylvania Journal under the pseudonym American Guesser in which he suggested that the rattlesnake was a good symbol for the American spirit.
Considered one of the first flags of the United States, the flag was later replaced by the current Stars and Stripes (or Old Glory) flag. Since the Revolution, the flag has seen times of reintroduction as a symbol of American patriotism, a symbol of disagreement with government, or a symbol of support for civil liberties.
Beginning in 2009 at Tea Party rallies, the Gadsden Flag has been adopted as a symbol of the American Tea Party movement.
I'm well aware of the Gadsden flags history, thanks. I'm also aware how symbolism can change with time.
I'd also bet that 75% of Appalachians who have this bumper sticker on their Ford Festivas have never heard of Gadsden.
Year - Federal Deficit $ billion
1980 - 73.83
1981 - 78.97
1982 - 127.98
1983 - 207.80
1984 - 185.37
1985 - 212.31
1986 - 221.23
1987 - 149.73
1988 - 155.18
1989 - 152.64
1990 - 221.03
1991 - 269.24
1992 - 290.32
1993 - 255.05
1994 - 203.18
1995 - 163.95
1996 - 107.43
1997 - 21.89
1998 - -69.27
1999 - -125.61
2000 - -236.24
2001 - -128.23
2002 - 157.75
2003 - 377.59
2004 - 412.73
2005 - 318.35
2006 - 248.18
2007 - 160.71
2008 - 458.55
2009 - 1412.69
2010 - 1294.37
2011 - 1299.59
2012 - 1086.97
2013 - 680.27
2014 - 744.19
How has he cut the deficit in half again?
When Obama took office in 2009, he inherited a projected deficit of $1.2 trillion. By the time fiscal year 2009 was finished, the actual deficit turned out to be over $1.4 trillion – the highest in U.S. history. And deficits remained over $1 trillion for the next three fiscal years.
The deficit for fiscal year 2013 (which ended Sept. 30) fell to $680 billion. That’s indeed less than half the 2009 figure.
All hail king obama! :hail:
"It's all Bush's fault."
I love how conservatives cling to the repetition of that excuse as to somehow delegitimize it's truth. Is that to say our current president is some bastion of fiscal responsibility? Hell no, obviously. But to evade and deny the roles Bush played in how currently ****ed we are is to be incredibly naive. We can and should be more reasonable than that.