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chuckie
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Dennis, put into that perspective, makes one think a bit differently...I worked many jobs for a dollar an hour when I was growing up, and 150
pesos/hour is about or above what the US min wage is/was...Very good point!
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DENNIS
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Yeah....it was a different time, Chuckie, but the point is still there. You start climbing a ladder from the bottom. I had my dollar an hour jobs
too. [ I sure hope this doesn't morph into a "share the wealth" discussion]
"YOU CAN'T LITTER ALUMINUM"
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AKgringo
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I worked after school, and on Saturdays for $1.25 per hour, minimum wage. I graduated in 1964, the last year that US coins were made of 90% silver.
At today's spot price for silver, the melt value of a 1964 quarter is $3.21, which bumps my old minimum wage to over $16 per hour!
edit; Just a reminder of what 'real money' is.
[Edited on 6-25-2016 by AKgringo]
If you are not living on the edge, you are taking up too much space!
"Could do better if he tried!" Report card comments from most of my grade school teachers. Sadly, still true!
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mtgoat666
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Quote: Originally posted by DENNIS  |
Yeah....it was a different time, Chuckie, but the point is still there. You start climbing a ladder from the bottom. I had my dollar an hour jobs
too. [ I sure hope this doesn't morph into a "share the wealth" discussion] |
The economy is not big enough for all to climb the ladder. Many people are destined to spend their working life on the bottom rung. If we all climbed
to the upper rungs, the ladder would collapse. Your house keeper, for example, may spend her life on lower rung. A liveable minimum wage is the
right thing given the reality of inequalities in our society.
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mjs
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| Quote: Originally posted by mtgoat666 | | Quote: Originally posted by DENNIS |
Yeah....it was a different time, Chuckie, but the point is still there. You start climbing a ladder from the bottom. I had my dollar an hour jobs
too. [ I sure hope this doesn't morph into a "share the wealth" discussion] |
The economy is not big enough for all to climb the ladder. Many people are destined to spend their working life on the bottom rung. If we all climbed
to the upper rungs, the ladder would collapse. Your house keeper, for example, may spend her life on lower rung. A liveable minimum wage is the
right thing given the reality of inequalities in our society. |
So while I don't disagree with this statement, the problem becomes how to define "livable". Is that some basic food on the table and shelter? Or
does it include steak dinners? Maybe a new smartphone? 60" flatscreen? Or the ability to buy a car and take a 3 week vacation?
Is a $15/hr wage livable? Or a $5/day wage? In some parts of the world $5/day would be way above livable.
So maybe the term "livable" needs to be taken in the context of the local economy and customs. What's livable in Africa may not be the same as China.
Or India. Or Mexico. Or pick your country. Trying to extrapolate a North American sense of value or entitlement on the rest of the world's economies
is unrealistic. And not economically sustainable on a global basis. Just some food for thought. YMMV.
As someone who lives in Baja and likes to travel I'll enjoy the strong dollar while I can. As someone invested in the market, I'll keep my market
decisions separate from my travel plans even if they may have an effect on one another.
[Edited on 6-25-2016 by mjs]
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fdt
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| Quote: Originally posted by mjs | the problem becomes how to define "livable". Is that some basic food on the table and shelter? Or does it include steak dinners? Maybe a new
smartphone? 60" flatscreen? Or the ability to buy a car and take a 3 week vacation?
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Also back then, the basic was all there was. You couldn't buy a smart phone or an iphone or a 60" flat screen or pay for cable or dish or buy a
computer or a laptop or a tablet, you couln't even order pizza over the phone and so many other things simply because they didn't exist. So yes, you
could afford to buy a car and take a family vacation. Just sayin
A well informed Baja California traveler is a smart Baja California traveler!
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David K
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| Quote: Originally posted by AKgringo | I worked after school, and on Saturdays for $1.25 per hour, minimum wage. I graduated in 1964, the last year that US coins were made of 90% silver.
At today's spot price for silver, the melt value of a 1964 quarter is $3.21, which bumps my old minimum wage to over $16 per hour!
edit; Just a reminder of what 'real money' is.
[Edited on 6-25-2016 by AKgringo] |
Not much change to 1976 when I earned $1.90 part time student min wage making pizzas at Straw Hat. The big bucks came when I made $5/hr in
construction on weekends.
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DENNIS
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Fantasy wealth.
"YOU CAN'T LITTER ALUMINUM"
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DENNIS
Platinum Nomad
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| Quote: Originally posted by mtgoat666 |
The economy is not big enough for all to climb the ladder. Many people are destined to spend their working life on the bottom rung. If we all climbed
to the upper rungs, the ladder would collapse. Your house keeper, for example, may spend her life on lower rung. A liveable minimum wage is the
right thing given the reality of inequalities in our society. |
If all were wealthy, conversely all would be poor.
We have an economic class structure. Venezuela and North Korea don't. Follow your dream....not mine.
"YOU CAN'T LITTER ALUMINUM"
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chuckie
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Right on Dennis...AND I maybe didn't lust after an IPAD or such..It was a Leather Jacket like the Fonz, and a Pump shotgun...People have always had
wants and aspirations...AND I went out and got more work...GIT ER DUN....
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AKgringo
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I like the ladder analogy! I did not climb as high as I could have, or should have, but I am pretty solid where I am and can help steady it for
others. I am pretty much done climbing, but I will be OK, as long as there is still a ladder!
I have members of my close, and extended family that are doing alright on their way up the ladder. A few others need to turn around and get back on
it, and a couple that might as well just get out of the way because the choices they have made entitles them to just the scraps tossed down from those
who have made the climb.
If you are not living on the edge, you are taking up too much space!
"Could do better if he tried!" Report card comments from most of my grade school teachers. Sadly, still true!
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wessongroup
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Spot on AKgringo
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elgatoloco
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Ditto!
MAGA
Making Attorneys Get Attorneys
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fishbuck
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Be careful who you step on when climbing up the ladder of success... you may need their help on the way back down..
"A ship in harbor is safe, but that is not what ships are built for." J. A. Shedd.
A clever person solves a problem. A wise person avoids it. – Albert Einstein
"Life's a Beach... and then you Fly!" Fishbuck
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wiltonh
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My first job away from home was mowing lawns at one dollar per hour. I wanted a car so when I was 14, I saved up $300 and purchased a 1928 Model A
Ford. In Washington you had to be 16 to have your name on the title so my mother put her name on it. We purchased the car from the original owner.
I have now owned that car longer than the original owner. It is still sitting in my garage and over the last few months, I have purchased a new
battery and will have it back on the road shortly.
It is an experience that I wish, I could give to my grandson.
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