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[ 205 comments ]
What do you think? Give us your opinion. Anonymous comments allowed.
#1 - nospyonme (09/19/2013) [-]
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User avatar #44 - kanatana (09/20/2013) [+] (3 replies)
According to www.usinflationcalculator.com/, the value of $1.60 back then is roughly equal to $10.75 today.
#2 - ogloko (09/19/2013) [+] (10 replies)
i dont know why people are so baffled by the fact that successful people have most of the money
#5 to #4 - ogloko (09/19/2013) [-]
you are paid relative to your worth to the company
User avatar #114 - rhetoricalfunny (09/20/2013) [+] (26 replies)
This is my stance on economics

Corporations are OP
Need nerf
#169 - harveylegnipples (09/20/2013) [+] (3 replies)
Alright let's start

Minimum wage goes up

Which means companies have to pay more to keep their employees

Which means the cost of production / manufacturing / goods and services goes up

Which means companies
A) Raise prices on their goods and services
or
B) Cut back jobs to make up for the increased wages

Which means the cost of living will skyrocket, or the unemployment rate will skyrocket

Which means you don't understand economy

Which means..... wait, lost my train of thought.
#79 - nightmarecorpse (09/20/2013) [-]
Back in the day, minimum wage use to mean the base amount a person could earn working full time and still be able to afford all the necessities/support their family.
Back in the day, minimum wage use to mean the base amount a person could earn working full time and still be able to afford all the necessities/support their family.
User avatar #103 - rocksteady (09/20/2013) [+] (28 replies)
Sorry, but I'm one of those rare people on Funnyjunk who went to college, got a degree in something useful unlike art or psychology; then I got a good paying job.

I like the minimum wage where it is, furthermore; if you raise the minimum wage you would have to raise my hourly pay also or people in my field would strike. We need medical personal a lot more then some fry cook who thinks he should be making 12 dollars an hour.
User avatar #119 to #117 - xxvampirepriestxx (09/20/2013) [-]
You're fighting a losing battle. Tell me, what is it that you even do for a career?
User avatar #94 - arsenymous (09/20/2013) [+] (1 reply)
The American dream is dead folks, and those to blame are dead. We must not blame ourselves, but work towards a country where everyone who tries can prosper.
#127 - lulzdealer (09/20/2013) [+] (8 replies)
This image has expired
$1.60 in 1968 is only equivalent to $10.75 today.
#29 - felixjarl (09/20/2013) [+] (3 replies)
That would make the minimum wager higher than the Norwegian one. I highly doubt the truth of this.

Can any prove me wrong?
User avatar #41 to #29 - kanatana (09/20/2013) [-]
According to www.usinflationcalculator.com/, the value of $1.60 back then is roughly equal to $10.75 today.
User avatar #157 - JediismUser (09/20/2013) [+] (2 replies)
In Washington it's $9.19 an hour for minimum. Highest in the country I believe (just basic minimum wage, no variances, etc.).
#179 to #172 - bazda (09/20/2013) [-]
That's probably Federal minimum. That just means no state can have a minimum wage lower than that, but they can have higher minimum wages.
#144 - wilhamlin (09/20/2013) [+] (2 replies)
Just gonna state my opinion on this, but I don't think there should even be a federal minimum wage. $7.25 an hour is enough money for someone to live on is certain areas with a low cost of living, but in other places it's just astronomically bad. It would probably be better if the min. wage was set buy a state or even county level, that way people can actually live without having to worry about being able to eat or be thrown out of their house if they live in a city where 7.25 just wouldn't cut it
#78 - jetech (09/20/2013) [+] (6 replies)
unfortunately minimum wage being that high would but **** the economy
User avatar #108 to #104 - turtlecat (09/20/2013) [-]
And then you realized smaller businesses would be ******* destroyed, resulting in mass unemployment.
User avatar #67 - srskate (09/20/2013) [-]
$10.75 actually, according to www.bls.gov/data/inflation_calculator.htm

wrong, you are.
User avatar #13 - noblexfenrir (09/20/2013) [+] (37 replies)
Too bad it does more harm than it will ever do good. It damages the people who don't have jobs/have low income already. Honestly no minimum wage would be the best option, as it would increase the living standard of lower wages while opening up more options in the job market.
User avatar #25 to #21 - anorselegend (09/20/2013) [-]
The point you're missing is that minimum wage is there so people can make this thing called a living. So they can eat and be clothed. So they can live. Costs aren't going up just because companies want more profits, costs are going up, and will continue too, because we're running out of resources.

With your point of labor as a product, though that is true, most of these companies are so bat **** crazy that they would still manage to find a way to make people come crawling to them. They people who own these corporations don't really care, most of them have made enough money to last several lifetimes. However, if we could start our economy over from scratch, and it were perfect in every way, that idea may have some sort of chance.

I do understand your point of view; no minimum wage means people could stop working, people stop working, profits stop rolling in, profits stop rolling in, companies begin to compete wages for more workers. eventually the market would reach an equilibrium wage and we'd be back to this.
User avatar #12 - xtane (09/20/2013) [+] (1 reply)
wow. In Canada the minimum is $11. Well BC at least.
User avatar #28 to #12 - mattseven (09/20/2013) [-]
QC too. Well, $10.50 actually or something like that
User avatar #34 - kennyh (09/20/2013) [-]
And a loaf of bread would cost 16 dollars, nothing would really change.
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