thats a bit out there but in terms of eggs I estimate minimum wage if it was the same when I was young would be somewhere between $45 and $75 per hour. It still amazes me how much money I was paid back then as a high school student.
Comment on The time and expense of commuting is theft, if that job can be done from home.
foggy@lemmy.world 22 hours ago
When they started pushing for $15 federal minimum, it should have been $50.
Today, it should be about $150.
At $150/hr, you could afford to buy a an average home with a years pay.
People don’t realize how insanely bad it’s been getting.
I disagree that we should be paid triple to travel. We should just be paid appropriately. That’s all.
HubertManne@piefed.social 8 hours ago
flueterflam@lemmy.world 22 hours ago
$150 per hour? I’m in salaried software engineering and barely making a third of that after a promotion.
If what you propose happens, all the prices of everything would skyrocket… It seems good on paper, but it ignores all the greed of capitalism…
For better or worse, (the latter for rich folks…) there “needs” to be tiers of incomes (in Capitalism). Bumping the minimum just bumps the prices. We’ve already experience it with minimum wage bumps in the US. We don’t have an actual solution that works at the moment in the US because minimum wage increases automatically lead to greedier CEOs.
HubertManne@piefed.social 8 hours ago
You have to admit that what you are getting paid is to low though considering what it takes to do what you do. Even doctors and lawyers are not making what they should as the issue is at the extreme top.
spongebue@lemmy.world 21 hours ago
I mean, I agree with a lot of what you said but also we haven’t had any federal minimum wage bumps in a decade and a half. States that follow federal minimum wage haven’t exactly kept their cost of living frozen.
tatterdemalion@programming.dev 20 hours ago
You’re out of your mind if you think a $300k salary for every citizen is feasible. Paying that out would require $124 trillion, or 4x our GDP.
Whostosay@sh.itjust.works 19 hours ago
That’s the thing though, the number doesn’t matter.
We have people starving and then we have people traveling to the other side of the planet to throw a wedding that could feed millions of people.
Fuck a number, fuck money, eat the rich then we can all eat and live wherever we want.
bstix@feddit.dk 12 hours ago
The company is probably going to charge their customers even more for the work you do in your working time.
Someone already pays that money. The workers just don’t receive it.
If everybody was self-employed, those are the prices that would be paid.
tatterdemalion@programming.dev 7 hours ago
I agree up to the extent of the numbers. I think $50/hr is feasible if we make drastic changes to our economy. $150/hr simply cannot work with the country’s current number of workers and overall productivity.
spongebue@lemmy.world 22 hours ago
Ok, so we have a lot effed up in our system right now and I’m not trying to discount that. But this is like high school economics level stuff when I ask…
Between the lowered supply of creating houses (in that it becomes more expensive to produce a house because everyone is getting paid a hell of a lot more) and the increased demand for housing because everyone has a bigger number in their bank account… Do you really expect that housing prices would just… Stay the same?
I’m also curious when any society at any point in history has been able to sustain decent housing with about a year’s worth of wages?
CmdrShepard49@sh.itjust.works 21 hours ago
Agreed. My wife and I are doing pretty well and we don’t even make anywhere near $150/hr combined. Maybe in the Bay and NYC that wage would make sense but not most places.
chicken@lemmy.dbzer0.com 17 hours ago
Maybe not one year, but it looks like a median home in the US in 1965 cost around 6 years of a median income.
In the 1854 book Walden by Thoreau, he gives a pessimistic account of how long it would take to afford a property in a town, that is still less than today:
Although he goes on to describe building his own more remote cabin for $28.
Something is very, very wrong with incomes and housing prices currently that wasn’t as bad a problem in the past.