Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#166
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Examples: The price of a Big Mac at McDonald's. It started at a national average of $1.60 in 1986. It's now at around $4.93, only 34 years later. In 1986, minimum wage was $3.35/hour. So a Big Mac would cost you just under half an hour's pay, in 1986, if you were earning minimum wage. Today, with *federal* minimum wage at $7.25/hour, you'd be dishing out around 2/3 of your hour's pay for the same sandwich. With the Florida minimum wage of $8.56/hour, you're still paying more than half an hour's pay for that sandwich, that cost less than a half hour's pay in 1986. Your buying power has weakened over the years. And that's just Big Macs. Now imagine a family of 4 wanting to treat themselves for Dad's birthday. A once a year occasion. Two Big Macs - one for each parent. A Happy Meal for the youngest kid, a Fishwich for the second kid, and a large fry for the parents and older kid to share. Plus a chocolate shake for dad since it's his birthday, and 2 sodas for the older kid and mom. Youngest kid gets a drink with the Happy Meal price. In 1986 you could get a Big Mac, supersize fry, and a coke - all in a box for $2.59. Add another Big Mac for $1.60, Fishwich was a 95 cents, a chocolate shake for 79 cents, and since that coke is supersized, get 2 straws so the older kid can share it. The Happy Meal was $1.89. $2.59 + 1.60 + .79 + 1.89 + .95 = $7.82 for a family of 4 to celebrate Dad's birthday at McDonald's in 1986. Compare to today: A Big Mac meal (medium) is $6.71 with medium soda and medium fry. A second Big Mac, on its own, is $4.47. Fishwich is $4.24, and you'll still need another fry; a medium runs $2.00. A cheeseburger Happy Meal is $3.12. Don't forget the chocolate shake...a medium is $2.90. That's $23.44 for a family of 4 to celebrate Dad's birthday at McDonald's. While that doesn't sound like a lot to you and me and most of the people living in the Villages, remember minimum wage - in 1986, at $3.35/hour, the $7.82 for the family of 4 would be 2 hours and 20 minutes pay, to cover the cost. In 2020, in Florida at $8.56/hour, it'll take around 2 hours and 50 minutes to cover the cost. And you get less food (Big Macs are smaller, so are the fish sandwiches), and have to order an extra fry to get a similar deal. Again - that's just McDonald's. You can look at pretty much anything, comparing it to when minimum wage was lower, and the current minimum wage, and you'll find that your dollar doesn't buy as much as it used to buy back then, overall. Wages have not kept up with costs. They just flat out haven't. The CEO salaries have gone up - the franchise owner revenue has gone up. The wealthy people who run things are MUCH wealthier than ever before, thanks in part to enormous tax write-offs and stock dividends in the companies they represent. But the workers don't get any of that. And it's the workers who are BUYING those Big Macs. Other than a certain person occupying the white house, there really aren't that many rich people who eat fast food on a regular basis. Most of them make use of their private chefs. Who are ALSO paid more than the guy flipping burgers at McDonald's. |
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#167
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If you are "less than" as a result of your upbringing, it's very difficult to rise above when society keeps trying to keep you down. The wealthy don't WANT poor people to get wealthy, because then they'd be competing for the wealth. That is why minimum wage is no longer a living wage. The Flemingtons of the Houston Flemingtons, don't want to have to pay their live-in nanny a living wage, because it would mean their nanny might dare to ask for an extra day off - since they can actually afford it now. |
#168
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#169
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#170
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Raising the minimum wage is not the only cost. All jobs are comparative in some way. Some require more skill, some harder work, some more danger, some in higher cost of living areas. Raise the minimum and all else will raise. Think of what would happen in sports. Raise the wage for the lower skilled and the upper skilled will get more
That impact will spark creative ways to reduce costs. Automation, outsourcing. reduced benefits, elimination of jobs. What could we see? More automatic checkouts, more foreign accents on help lines, elimination of manned gatehouses, postal service every three days, less groomed areas in The Villages, No more flowers in rotaries. More ALDIs and less Deli and bakery personnel. Automated lawn mowing (My neighbor has auto lawn mower now) |
#171
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By the way, I have also seen a lot of hard workers that were high school kids and unskilled labor. In fact, I see a lot of these workers around The Villages. You try working in the heat of the Florida day for the wages they are paid. And stop looking down upon low wage workers. |
#172
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Not sure which location you go to, but had a Big Mac last week and sure wasn't $5 as you posted. I even had one just outside Disney and it was not that much, so I'd venture a guess that a person is paying pretty much the same percentage of the hour's wage as back then. I can remember making about $3.25 an hour, but seems like it took one whole hour's pay for a meal deal. But, not an important argument, it is what it is. People will forever believe that artificially raising wages will work to "fix" the problems, oh well. Perhaps we need to add to the materials in the economics section of our "library", give folks a chance to study a range of economic theories and make up their own minds which "work", that's the best way. But often the "arguments" on here seem to be primarily emotionally rooted, who knows ?
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#173
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Last edited by Pairadocs; 11-06-2020 at 01:43 AM. Reason: omitted word |
#174
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But we should all give the top 1% a huge raise in the form of tax reduction. Unless you are a Jeff Bezos, that doesn't include you. These low paid employees still pay the same for food, clothing, gas and vehicles.
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#175
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I feel that when the govern gives all their workers a paid vacation day that the govern should reward all workers with a paid days wages. Why do the non-govern workers have to pay for the govern workers day off?
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#176
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Both of my young adult college age children work in fast food right now part time. Neither one voted for the minimum wage increase and I hadn't even discussed that issue with them prior to them voting. Would they like to make more money? Sure, absolutely. But they also understood what nearly doubling the minimum wage within a span of 5 years will do to the economy in our state. That made me very proud.
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#177
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Work 2 jobs to make ends meet like tens of thousands of us had to do in the 70s.
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#178
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Because we are sheep and allow this to happen. Keep reelecting the same people who are owned by others do as they wish not what is good for their constituents.
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#179
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US minimum wage by year |
#180
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The Florida legislators will change this just like Ammendment 4 from 2018 popular vote |
Closed Thread |
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