I wonder what Pudzer made as CEO of CKE Restaurants? He and the rest of you posters of full of it. Why do you think so many more people are on welfare. BECAUSE OF THE LACK OF DECENT LIVING WAGE JOBS! THE US ECONOMY IS COLLAPSING BECAUSE OF CORPORATE GREED AND THE HELP OF THEIR MONKEY POLITICIANS!
Back in 1968, the minimum wage in the United States was $1.60 an hour. That sounds very small, but after you account for inflation a very different picture emerges. Using the inflation calculator that the Bureau of Labor Statistics provides, $1.60 in 1968 is equivalent to $10.90 in 2015 dollars. If you were to work a full-time job at $10.90 an hour for a full year (with two weeks off for vacation), you would make about $23,800 for the year. According to the Social Security Administration, 40.28% of all workers make less than $20,000 a year in America today. So that means that more than 40 percent of all U.S. workers actually make less than what a full-time minimum wage worker made back in 1968. That is how far we have fallen.
Yet, pricks like a multi-million dollar paid CEOs, like Pudzie, argue against raising the minimum to a living wage. And of course had the fucking corporate run federal government kept the minimum raises to keep up with even their phony inflation numbers this would not be such a big deal because we would already be at that level.
of course in today's economy we are witnessing the disappearance of good paying full-time jobs and being replace by low paying part-time jobs. All in the name of corporate greed! In 2013, 76.7 percent of the jobs that were "created" in the U.S. economy have been part-time jobs.
Why have real wages been decling the last 30 years? 3 reasons:
1. Thanks to our corporate monkey politicians American workers have been merged into a global labor pool where they must directly compete for jobs with workers on the other side of the planet that live in countries where it is legal to pay slave labor wages. This has resulted in millions upon millions of good jobs leaving this country. Big greedy corporations can pad their profits by taking a job from an American worker making $15 an hour with benefits and giving it to a worker on the other side of the globe that is willing to work for less than a dollar an hour with no benefits. The monkey politicians could do something about this, but they refuse to do so. Most of them just monkeys for their corporate organ grinders' idea of a one world economic system that will unite the globe. Unfortunately, the U.S. economy is going to continue to lose tens of thousands of businesses and millions upon millions of jobs to this one world economic system.
Secondly, big greedy corporations are replacing as many expensive workers with machines, computers and robots as they possibly can. In other words, even if the minimum were $1.00/hour, if it is more profitable they will use robots. As technology continues to advance at a blistering pace, the need for workers (especially low-skilled workers) will continue to decrease. Unfortunately, the jobs that are being lost to technology are not coming back any time soon.
Thirdly, the overall U.S. economy has been steadily declining for more than a decade due to this globalization. As our economy continues to get weaker, the lack of jobs is going to become a bigger and bigger problem.
Putze is a putz full of shit.