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To: Maurice Winn who wrote (71012)1/12/2009 8:23:11 AM
From: Moominoid1 Recommendation  Read Replies (1) | Respond to of 74559
 
Those numbers for China are completely messed up. RMB 25.8 per month is not 4.66 per hour. Maybe they meant RMB 25.8 per day. RMB0.69 is not USD 0.25...

Few people in the US earn minimum wage, therefore it has little impact on overall wage flexibility.



To: Maurice Winn who wrote (71012)1/13/2009 2:40:19 AM
From: elmatador1 Recommendation  Read Replies (1) | Respond to of 74559
 
Let's give this dead thread a boost:
It's hard to say minimum wage is pretty low in the USA when half the rest of the world earns a tenth of that amount.

Have you heard about Purchase Power Parity.

You earn more but you not keep. It goes to support the Pentagon, Washington D.C machine, fight adventures int he desert sands...

The guys who got 60 cents do not have to pay for that



To: Maurice Winn who wrote (71012)1/23/2009 1:29:31 PM
From: Snowshoe  Read Replies (1) | Respond to of 74559
 
The USA minimum wage is for burger flippers and Walmart greeters. The Davis-Bacon act is more releavant for the federal stimulus spending on construction...

Davis-Bacon Act
From Wikipedia, the free encyclopedia

The Davis-Bacon Act of 1931 is a United States federal law which established the requirement for paying prevailing wages on public works projects. All federal government construction contracts, and most contracts for federally assisted construction over $2,000, must include provisions for paying workers on-site no less than the locally prevailing wages and benefits paid on similar projects.

The act is named after its Republican sponsors, James "Puddler Jim" Davis, a Senator from Pennsylvania and a former Secretary of Labor under three presidents, and Representative Robert L. Bacon of Long Island, New York. The Davis-Bacon act was passed by Congress and signed into law by President Herbert Hoover on March 3, 1931.

Prevailing wage laws in the U.S. date back as far as 1891, when on the state level, Kansas instituted this first such law. Forty-one states followed suit in the years to come. These state prevailing-wage laws were the fruit of the "Progressive Era," which instituted statutes such as child labor laws, public schools and worker compensation insurance.

But it took the worldwide Great Depression -- which at its height saw one out of four Americans unemployed -- to fuel the passing of the Davis-Bacon Act by a Republican Congress and a Republican President, Herbert Hoover. Representative Bacon, say modern conservative opponents of the law, initially introduced the bill after a contractor employed African-American workers from Alabama to build a Veterans' Bureau hospital in his New York district. More accurately, the legislative history of Davis-Bacon reflects a desire by Congress to reserve jobs on federal projects for local workers, who nationwide faced epidemic unemployment. Opponents to the Davis-Bacon Act have claimed that there was racist intent to the law, but critics have countered that this is a red herring, stating that it was a sincere attempt to make amends for having kept jobs from local workers and now flatly dismiss the conservative claim that it had Jim Crow origins.


more: en.wikipedia.org