davephan |
11-05-2020 08:29 AM |
Quote:
Originally Posted by Marty94
(Post 1856162)
Changes to minimum wage affects not only small business that must absorb or pass on these costs, but will require the federal government to change its pay scale as well. At $15/hr, minimum wage will be significantly greater than an enlisted member of our armed forces and competitive with civil service positions requiring degrees. To put this into context, my son, a mechanical engineer, with an education cost over $300k, was hired by the Dept of the Army three years ago. His designs can be seen in many industries today. His starting salary wasn’t much higher than this approved minimum wage. The government will have a hard time finding college educated students with bright minds that will be willing to accept these positions. Adjustments will have to be made to remain competitive and that cost will be passed on to all taxpayers.
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About 90% of the college majors have poor to low return on investment. Many people get a worthless college degree, and end up getting a low wage job that they could have obtained with no college degree.
I worked in low wage jobs for almost two decades, before going to a low cost technical college, and obtained a two year IT degree in one year. My starting wage at the IT job was double what I used to make. After about 15 years on the IT job, I was making 5 to 6 times the customer service job.
People need to invest in themselves to increase their job skills in careers that have a good return on the education investment in time and money.
In the trades, an electrician is equal to 3 carpenters. A plumber is equal to 5 carpenters. Moral of the story, become a plumber, not a carpenter, if you work in the trades.
The $15 wage is not a panacea. Target raised the wages to $15 and hour. At the same time, full time workers became part tie workers with no benefits.
Most people have it within themselves to do much more than they think that they can do. I limited my income for almost two decades, working low wage jobs. People have to acquire the job skills so that they can earn higher incomes.
With Socialism or Communism, everyone is brought down to the low level. Imagine hard working students who get A’s, are given C’s, so that all students can receive a C, even the lazy students, that are unwilling to work hard.
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