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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (300725)	8/21/2006 7:03:49 AM
From: Road Walker	Read Replies (1) \| Respond to of 1574102

re: When did you grow up? Average real wages have never been significantly higher. Depending on what data you are looking at and how you adjust for inflation they might have at certain points been marginally higher, but never much higher. 60's and 70's. In most families, only the husband worked, and 40 hours a week would support a family. Union wages were common, with benefits. Now, in the lowest 20% of the workforce, both Ma and Pa have to work and if they have 3 kids it's still a struggle to get by. re: So are you asserting that say a $15 an hour minimum wage wouldn't put a lot of people out of work? If so that's a rather extreme statement. Phase it in, let the economy adjust to the reality. Maybe companies have to lower salaries of high salaried employees? Can Walmart function with 20% fewer employees? McDonald's? No. But they can still function if their executive makes a few bucks less per year, and their earnings are not quite as robust. This is the only "recovery" in my memory where almost the entire benefit went to corporate bottom lines, and very, very little to wages. It's not business as usual; it's a departure.