4 ms·

Because not everyone needs to survive on it. As pointed out above students and the elderly can easily be priced out of the labor market if the minimum wage is p

Because not everyone needs to survive on it. As pointed out above students and the elderly can easily be priced out of the labor market if the minimum wage is pegged to this standard.

s73v3r_ 8y ago
I can't really agree. There are enough who do need to survive on it that it should be a living wage. And I can't agree that them being priced out is a problem, because back when it was a living wage, students were able to get part-time jobs at minimum wage just fine.
- Veelox 8y ago
  My father went to college in the early 80s, he was able to work as a ditch digger in the sunmers and pay for his school, books, and living off of that. Let's say he worked 80 hr/week 12 weeks a year. Say it now cost 25k a year (that's low) to go to college. To cover that now you would need to net ~$26 hr to do the same thing. The issue isn't that wages have grown to slow, it is that important costs have grown to quickly.
  - s73v3r_ 8y ago
    "My father went to college in the early 80s, he was able to work as a ditch digger in the sunmers and pay for his school, books, and living off of that." Your example is completely invalid today. "The issue isn't that wages have grown to slow, it is that important costs have grown to quickly." And employers bear the responsibility for that.
    - Veelox 8y ago
      >>"The issue isn't that wages have grown to slow, it is that important costs have grown to quickly." >And employers bear the responsibility for that. Per the article [0] after adjusting for inflation "That makes the current cost [of college] more than two-and-a-half times as much as it was in 1988 — a markup of 163 percent." How are employers responsible for a 163% increase in the real cost of college? [0] https://www.cnbc.com/2017/11/29/how-much-college-tuition-has-increased-from-1988-to-2018.html https://www.cnbc.com/2017/11/29/how-much-college-tuition-has...

Because not everyone needs to survive on it. As pointed out above students and the elderly can easily be priced out of the labor market if the minimum wage is pegged to this standard.

s73v3r_ 8y ago

I can't really agree. There are enough who do need to survive on it that it should be a living wage. And I can't agree that them being priced out is a problem, because back when it was a living wage, students were able to get part-time jobs at minimum wage just fine.

Veelox 8y ago
My father went to college in the early 80s, he was able to work as a ditch digger in the sunmers and pay for his school, books, and living off of that. Let's say he worked 80 hr/week 12 weeks a year. Say it now cost 25k a year (that's low) to go to college. To cover that now you would need to net ~$26 hr to do the same thing. The issue isn't that wages have grown to slow, it is that important costs have grown to quickly.
- s73v3r_ 8y ago
  "My father went to college in the early 80s, he was able to work as a ditch digger in the sunmers and pay for his school, books, and living off of that." Your example is completely invalid today. "The issue isn't that wages have grown to slow, it is that important costs have grown to quickly." And employers bear the responsibility for that.
  - Veelox 8y ago
    >>"The issue isn't that wages have grown to slow, it is that important costs have grown to quickly." >And employers bear the responsibility for that. Per the article [0] after adjusting for inflation "That makes the current cost [of college] more than two-and-a-half times as much as it was in 1988 — a markup of 163 percent." How are employers responsible for a 163% increase in the real cost of college? [0] https://www.cnbc.com/2017/11/29/how-much-college-tuition-has-increased-from-1988-to-2018.html https://www.cnbc.com/2017/11/29/how-much-college-tuition-has...