$15/hr minimum wage

GURPS

INGSOC
PREMO Member
Being compensated properly instills a sense of worth in the individual, usually encourages the best and most qualified to apply.


I am paid the prevailing wage / salary for an IT Senior Help Desk Technician [ with my years of IT Experiance ] plus or minus from the average .. some companies pay a lot less some pay a little more depending on the scarcity of labor in the vertical ....
 

GURPS

INGSOC
PREMO Member
I grew up in the 80s and think about the things that we didnt spend money on that today's families do

Colorado Springs 85 - 87

Rent was aprox $ 500 for a 2 bed room, the electric bill was 10 - 12 bucks a month, gas was .99 for 92 octane ... groceries and the occasional video rental a good running used 72 VW Beetle was $ 400 / 600 bucks
 

HemiHauler

Well-Known Member
I grew up in the 80s and think about the things that we didnt spend money on that today's families do and wonder if purchasing value has really deteriorated or not. We had very basic cable, calling long distance was something you just didnt do, there were no subscription services, no $1000 cell phones with $100/month data plans etc. Poor kids now have far more than I ever had.

Yes. Inflation in a system that is based on perpetual growth is unavoidable.
 

PeoplesElbow

Well-Known Member
Colorado Springs 85 - 87

Rent was aprox $ 500 for a 2 bed room, the electric bill was 10 - 12 bucks a month, gas was .99 for 92 octane ... groceries and the occasional video rental a good running used 72 VW Beetle was $ 400 / 600 bucks
Dad always had shitty cars, any "designer" jeans I had were Wrangler, only got Atari games after they were discounted only to a few bucks. Most of my christmas presents were clothes. Dad was a machinist, mom didnt work, house was still paid off in 11 years.
 

LightRoasted

If I may ...
For your consideration ...

I am paid the prevailing wage / salary for an IT Senior Help Desk Technician [ with my years of IT Experiance ] plus or minus from the average .. some companies pay a lot less some pay a little more depending on the scarcity of labor in the vertical ....

Maybe this graph will help further explain to the class what I am trying to explain. Even though it stops at 2013, I'm sure it would look the same today with productivity still going up, but with wages going down. One can see that productivity has increased without the corresponding increase in wages. That increase in productivity correlates to higher revenues and profits for industries, without sharing the success with those that made the increases in production possible.

ib388-figurea.jpg
 

PrchJrkr

Long Haired Country Boy
Ad Free Experience
Patron
Colorado Springs 85 - 87

Rent was aprox $ 500 for a 2 bed room, the electric bill was 10 - 12 bucks a month, gas was .99 for 92 octane ... groceries and the occasional video rental a good running used 72 VW Beetle was $ 400 / 600 bucks
Man oh man, I wish this were still true. I've got a set of slip in 88s, a full tune-up, and a Pict-34 rebuild kit just waiting for the right deal to come along.
 

LightRoasted

If I may ...
For your consideration ...

Man oh man, I wish this were still true. I've got a set of slip in 88s, a full tune-up, and a Pict-34 rebuild kit just waiting for the right deal to come along.

They are getting harder and harder to come by with a low enough price without the floor pan being rusted out.
 

PrchJrkr

Long Haired Country Boy
Ad Free Experience
Patron
For your consideration ...



They are getting harder and harder to come by with a low enough price without the floor pan being rusted out.
I know that's right. I know of one in the area that needs both floor pans replaced. I'm hoping the guy gives up his dream of restoration and I can get it at a reasonable price. I do have access to a '73 Super Beetle that I may end up getting. I've even got a set of rear fenders to get rid of the hideous tail lights that the DoT made VW go to in '73. Also, I'd rather have have a torsion tube front end.
 

HemiHauler

Well-Known Member
For your consideration ...



Maybe this graph will help further explain to the class what I am trying to explain. Even though it stops at 2013, I'm sure it would look the same today with productivity still going up, but with wages going down. One can see that productivity has increased without the corresponding increase in wages. That increase in productivity correlates to higher revenues and profits for industries, without sharing the success with those that made the increases in production possible.

ib388-figurea.jpg


I’d submit a more apt comparison is productivity vs. compensation rather than wages. Compensation includes not only the wage but bennies like insurance, time off, medical insurance, retirement, etc. and other perks than can be offered.

Looking at wages alone doesn’t tell the whole story.

D368E9CF-9E93-4140-B7DD-0B08E9994127.jpeg
 

HemiHauler

Well-Known Member
For your consideration ...



Maybe this graph will help further explain to the class what I am trying to explain. Even though it stops at 2013, I'm sure it would look the same today with productivity still going up, but with wages going down. One can see that productivity has increased without the corresponding increase in wages. That increase in productivity correlates to higher revenues and profits for industries, without sharing the success with those that made the increases in production possible.

ib388-figurea.jpg

This graph is useful just the same - it depicts a shift happening just after 1971. Hmmmm what happened then? 🤔
 

SusanC66

New Member
I’d submit a more apt comparison is productivity vs. compensation rather than wages. Compensation includes not only the wage but bennies like insurance, time off, medical insurance, retirement, etc. and other perks than can be offered.

Looking at wages alone doesn’t tell the whole story.

View attachment 167974
Isn’t this different because health insurance has increased like 4x compared to wages?

Retirement and time off hasn’t increased the last few years. And really all health insurance should transition to high deductible plans with HSAs, the average person allows this inflation by not shipping around. If they had skin in the game they would ask before going into surgery or some other unneeded treatment.

Put everyone under a $5k deductible and see costs drop fast!
 

HemiHauler

Well-Known Member
Isn’t this different because health insurance has increased like 4x compared to wages?

Retirement and time off hasn’t increased the last few years. And really all health insurance should transition to high deductible plans with HSAs, the average person allows this inflation by not shipping around. If they had skin in the game they would ask before going into surgery or some other unneeded treatment.

Put everyone under a $5k deductible and see costs drop fast!

Sure, increased medical insurance and other bennies is a large part of hiring and doing business. Nonetheless, this is part of total compensation as opposed to looking at wages only compared to productivity.
 

PeoplesElbow

Well-Known Member
For your consideration ...



Maybe this graph will help further explain to the class what I am trying to explain. Even though it stops at 2013, I'm sure it would look the same today with productivity still going up, but with wages going down. One can see that productivity has increased without the corresponding increase in wages. That increase in productivity correlates to higher revenues and profits for industries, without sharing the success with those that made the increases in production possible.

ib388-figurea.jpg
I'd like to see this overlaid with % of women in the work force, the revolution started happening at the tim the divergence happened. Suddenly there was more available labor, of course with supply and demand jobs could pay less.
 
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