Taking all 10 billion in profit from McD and turning it into wages for their 1.8 million employees would still only raise salaries by $2.77 an hour. Not nothing but not enough to raise it to $15 from $8. Adding in all executive compensation would not raise it more than a few 10s of cents either.
Not disagreeing with the idea of living wage. Just wondering what the solution is.
But are people saving? Can they save? Some information generated seemed to indicate that people started to save more, likely not the very poor, but when you are making crap wages should you then be punished by never being a parent? And you donât even consider the gender issue. Sure, a man can wait and hypothetically find a younger woman, if he is good looking enough, but he has competition. And what about the women, what if they canât save enough until they are 50+, what do we say then, tough shit, youâre the wrong gender to be poor?
Teen pregnancy is an entirely different issue. And then you have to examine the psychology of it. When you have people having babies at such a young age, with pregnancies that are actually sometimes planned, you have to ask yourself, why? You hear it time and again that the younger girls have babies for âloveâ, someone who will always love them. Doesnât that speak directly to their conditions? The environment with a lack of opportunity, some real hope to move out and up to find something better is nil.
Good plan. Only middle and upper class citizens are entitled to procreate. It will come as a bit of a shock when there is nobody to work at the restaurants, supermarkets, malls, gas stations, farms, and just about every over predominantly menial job in the country, Youâre right though. People shouldnât have children if they canât afford it. God forbid we help them to do so.
I think that is really the only way to go. Rich corporations keep threatening to leave the country, and that might actually be the only way people start regaining jobs, through entrepreneurial endeavors not hampered by a rigged system. Small business could replace the big guys and hire people from the community. Think of how many quality businesses could replace the likes of Walmart, for example. You could have clothes stores, food bodegas, toy stores, beauty shops, etc. Rather than protesting, or in addition to it, people need to focus on a sub-economy, where ever they can.
I ignored your point because it seems contrary to observable reality. People have children. We all come from a long line of people who have had children, some of them in the midst of disasters which make our âpovertyâ look like Midasâ palace.
Also, the âcheap digâ was an attempt to apply your logical but non-sensible analysis to your own circumstances. You appear to be as poor as your dad during the 1930s, so what makes your existence a proof of concept? That you exist? Nancyâs children exist, and will probably live to at least middle age. Will they conclude, a generation from now, that their mother could afford to have them?
And all of this digression is beside the point. Even given your doubtful point, there is a generation of poor children who have already been born, like Nancyâs kids; what is to be done with them?
The solution is applying whatever lever within your reach that will improve things, however small the individual effect. There is no big, top-down solution that will come down from the mountain and instantaneously make things better, so thereâs no point in waiting for it. If all you can do is write a letter to your representative, then do that. Then do the next thing. Then the next.
Increase the minimum wage. As pointed out above, putting money into the pockets of the workers results in more spending and more saving, which are the engines which drive our economies and improve our lives. McDâs will still make profits, because people will still need to eat, and will be more able to afford the collection of unhealthy ingredients McDâs sells.
Ironically a generation ago that answer was the parents.
I donât know why anyone needs to hire someone to mow their lawn (I mean if you have serious acreage then okay, but then you probably have money to spare.) Or someone to fix a leaky sink, or clean their house. And unfortunately now a days itâs almost certain your children will be in day care because both parents have to work to support the householdâŚ
Frankly Iâm tired of people not doing for themselves (or at least ask a neighbor)âŚI just spent a week digging out a stump and trenching for a new water line - and saved myself more than two weeks of pay doing it, manual labor isnât going to kill people.
I was being ironic⌠I too canât imagine someone mowing my lawn (Iâd hire an expert to take out a tree or do other large scale landscapingâŚ), clean my house, wash my dishes, etc. I guess the sink depends on the problem. Plumbing can be complicated stuff. But I was making a comment on rich people who rail against undocumented workers, and then go and hire undocumented workers.
And in my grandparents generation you HAD to have childrenâŚthey were farmers, who else was going to work the farm with you? So both my parents have seven siblings, which from that era wasnât uncommon at all, now a days how could anyone afford it.
Well if you only had three pairs of pants, two pairs of shoes, and four or so shirts thatâd be a start. TV, electronics, ectâŚnot really. Working 6 days a week from sun up to sun down + schooling certainly helps extract good efficiency. And all that is exactly how my father grew up.
Personally I donât believe the US can magically raise minimum wage to any arbitrary amount above poverty that will not cause the economy to react and nullify that increase. At least not without some type of governmental force keeping prices in check.