To: jazusamo
In 1960 the minimum wage was $1.00 / hour. If you count the official figures on our continual currency devaluation (i.e. inflation) that would be $7.65 now. So she is saying that productivity of the minimum wage worker has tripled in 50 years? Can a burger flipper flip three times as many burgers? Can a cashier ring up three times as many groceries? Can a government drone stare at your three times as vacantly when you ask him a question? And that doesn't even cover the fact that productivity means you are spending more on equipment. Nope, the worker should get all of the profit from the business owner's investment.
27 posted on
03/18/2013 10:20:45 AM PDT by
KarlInOhio
(Choose one: the yellow and black flag of the Tea Party or the white flag of the Republican Party.)
To: KarlInOhio
Yep...A good many minimum wage workers in fast food joints can’t even make change thanks to our public education system, they have registers that do it for them.
37 posted on
03/18/2013 10:25:18 AM PDT by
jazusamo
("Mercy to the guilty is cruelty to the innocent." -- Adam Smith)
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