DEAR MINIMUM WAGE WORKER STRIKING FOR $15 an hour,
I would support your cause for one week of pay at this wage if you promise to take an ECONOMICS 101 course to learn about supply and demand and diminishing returns. You see there are consequences for dropping out of high school, being in prison, and not learning to read or speak proper grammar.
MOREOVER, you see for every $1 increase in pay , several 100,000 of the most vulnerable in society lose their jobs. That’s because when the increase in pay adds up to a new worker on the payroll in total, they will layoff to sustain the low profit margin franchisees make after paying licensing fees, regulations, rent etc to the McDonalds, Burger Kings and KFC. It means minority unemployment and High School students have higher unemployment. Why would they hire a no experience candidate when they can hire a special needs or elderly worker who will show up on time and work hard for the same wage?
Am I heartless? Well the Wall Street Journal confirms minimum wage increases are truly “slapping the vulnerable with kindness”
“Earlier this year, economist David Neumark of the University of California, Irvine, wrote on these pages that the 70-cent-an-hour increase in the minimum wage would cost some 300,000 jobs. Sure enough, the mandated increase to $7.25 took effect in July, and right on cue the August and September jobless numbers confirm the rapid disappearance of jobs for teenagers”
READ THE ACTUAL RESEARCH STUDY HERE
CAUSE: Ask what happened to Hostess Brands — the maker of such iconic baked goods as Twinkies, Drake’s Devil Dogs and Wonder Bread … After the The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union walked off on strike despite widely repeated warnings that doing so would directly result in the company’s bankruptcy.
EFFECT: Hostess’ nearly 18,500 workers will lose their jobs as the company shuts 33 bakeries and 565 distribution centers nationwide, as well as 570 outlet stores.
You See …. It’s not meant to be a living wage. It’s a “TRAINING WAGE” …. so good luck demanding more for your low skill, lack of proper education choices, or anti-social behaviors. Go back to school. Get a school loan, a grant, or learn a new trade in demand. I worked at $3.35 an hour in 1986 and it reinforced why I continued school. I hated it …. it convinced me I don’t want to flip burgers. It was and should always be a temporary job. Now walk out on strike today, get fired and wake up from the agitators to learn that’s the proper consequence. And …. don’t be surprised when you lose a job going on strike demanding higher wages and your plant closes like the unions forced upon Twinkies Hostess. Learn Math too. And don’t have several dads for your babies … have one, get married first … and stay in school.
Yours Truly “EL DAVE”
FACTS SUPPORTING A SEEMINGLY INSENSITIVE OPINION:
- The Young and the Jobless: The minimum wage hike has driven the wages of teen employees down to $0.00.
Hostess Brands closing for good after Union fails to Heed Warning of Risking Bankruptcy
Racist origins of the minimum wage
Hostess’ nearly 18,500 workers will lose their jobs as the company shuts 33 bakeries and 565 distribution centers nationwide, as well as 570 outlet stores. The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union represents about 5,000 Hostess employees.
“We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike,” said CEO Gregory Rayburn in a statement.
The post An Open Letter: “DEAR MINIMUM WAGE WORKER STRIKING FAST FOOD FRANCHISES FOR $15 AN HOUR” appeared first on Six Degrees from Dave – Talent Acquisition Strategies | Winner of ONREC Sourcing Innovation & ERE Recruiting Excellence Awards Strategic Use of Technology – Dave Mendoza.
Reuters) – Consumers will have to dig deeper into their pockets next year to pay for costlier healthcare, more expensive grocery bills and higher taxes, an extra drag on the country’s already slow-moving economy.
The additional outlays look set to test the resilience of consumers, whose spending accounts for around two-thirds of the U.S. economy.
“We think it’s going to be a difficult six to nine months,” said Scott Hoyt, senior director of consumer economics for Moody’s Analytics. “If anything, conditions are likely to get worse, particularly at the start of the year.”
The strength of consumer spending has surprised some economists, given unemployment near 8 percent and anemic wage growth. Consumer spending has cushioned the blow to the United States from slower foreign demand for its goods.
U.S. households have shed about $880 billion in debt since the peak in the first quarter of 2008, according to Federal Reserve data. That has put many consumers on a path back to financial health.
But an expiration of payroll tax cuts in early January and a spike in food prices could wipe 0.8 percentage points off U.S. economic growth next year, according to some economists.
The economy is now expected to expand 2 percent in 2013, down from 2.1 percent in 2012, a Reuters poll showed.
Consumer groups are noting caution on the part of households when it comes to such things as taking on more debt, retirement savings and gasoline prices.
“People are very concerned about what is going to happen next year because they are already seeing price increases that are affecting their budgets,” said Bruce McClary, a spokesman for Clear Point, a nationwide credit counseling organization that helps consumers experiencing problems with debt.
“They are also worried about any kind of changes that might be happening with regard to their income tax, that they are going to have less disposable income to work with,” he said.
Economists at JPMorgan say expiration in January of a temporary 2 percentage-point cut in the payroll tax would reduce household spending by $125 billion and lower gross domestic product by about 0.6 percentage point next year.
Still, loss of the payroll tax cuts would be only one aspect of the “fiscal cliff,” a popular name for automatic across-the-board spending cuts and tax increases that would suck about $600 billion out of the economy next year.
U.S. lawmakers are expected to find a way to soften the blow of most scheduled tax hikes, including income taxes, and spending cuts due to take effect from January 1. But if they don’t, the tax increases and spending cuts could result in the most severe belt-tightening in the United States since a tax increase in 1969 to pay for the Vietnam War.
FOOD, HEALTHCARE, EDUCATION
Another area of concern for consumers is food prices. Rises in the prices of corn and soybeans and other field crops as a result of drought this year in the U.S. Midwest are expected to feed through into food prices late this year and in early 2013.
U.S. soybean prices jumped 40 percent over the summer, while wheat shot up about 50 percent. Prices have eased a bit since then, but the increases are expected to filter down to consumers.
“We are starting to see evidence of food prices moving up so that’s definitely going to be a drag on disposable incomes,” said Hoyt of Moody’s Analytics.
The U.S. Department of Agriculture sees food price increases of 3.5 percent to 4.0 percent next year, greater than this year.
Hoyt says that could cut 0.2 percentage point from economic growth over the winter, when food prices could peak.
Reflecting the strain on many budgets, U.S. shoppers plan to spend an average of about $750 on gifts, decorations and other holiday items this season, only 1.2 percent more than a year ago, according to a recent survey published by the National Retail Federation.
That would be the smallest increase since 2008-2009, when holiday sales fell 1.8 percent during the financial meltdown.
“You could argue that we are still at recession levels on a lot of the consumer indicators,” said Jeffrey Cleveland, a senior economist at investments manager Payden & Rygel in Los Angeles. “I don’t expect the consumer to be a powerhouse.”
Another big extra outlay will be in healthcare premiums, which on average are costing employees more than $2,200 in 2012, according to Aon Hewitt, a human resource consulting firm.
Average health care premiums are forecast to jump by 6.3 percent in 2013, according to Aon Hewitt
Over the last five years, employees’ share of healthcare costs will have increased more than 50 percent, it said.
On top of everything else, the cost of a college education is being felt more keenly by many Americans.
Tuition costs for the 2012-13 academic year rose again but federal grant aid and tax benefits did not increase in the previous year – the most recent for which data is available – according to a report published on Wednesday by the College Board Advocacy & Policy Center.
The pain of higher living costs is not being felt evenly.
Households with incomes under $75,000, people older than 50 and those with lower levels of education believe their financial positions are getting worse, according to a survey by Bankrate.com, a research firm specialized in consumer finance.
“A lot of low- and middle-income households are mired with a stagnant income at a time when food and energy costs keep moving higher,” said Greg McBride, a senior financial analyst at Bankrate.com.
(Additional reporting by Jilian Mincer)
The post Analysis: Americans to Face Tougher 2013 on Rising Prices, Taxes appeared first on Six Degrees from Dave – Talent Acquisition Strategies | Winner of ONREC Sourcing Innovation & ERE Recruiting Excellence Awards Strategic Use of Technology – Dave Mendoza.
“Oh how convenient the rate dropped below 8% for the first time in 43 months, five weeks before the election,” Varney added.
“There is widespread mistrust of this report and these numbers because there are clear contradictions – 873,000 people said they had found work but only 114,000 new jobs were created. That is a contradiction. If you delve a little deeper and it seems that a lot of these people who found work – that is the 873,000 – if you delve deeply, it turns out that 600,000 of these 873,000 people were part time workers. So they came back into the labor force and they pushed the unemployment rate down to 7.8%. But there is a contradiction here between the number of new jobs created and the number of people saying they found work. It was part-time work Bill, that’s what it was,” Stuart Varney said about the unemployment numbers on FOX News.
or situation, was basically unchanged at 14.7 percent.
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Summer Jobs for Dummies?
Yes that’s right – 8.
The day after your 8th birthday you better have a plan All kidding aside [not that I am], Ive always told my friends that its a bit too late for their children to develop good work skills and deductive reasoning abilities when they graduate college. They need to start when they’re in their mid teens or they’ll be living in your basement forever.
Take my daughter Christa for example. [Shes the one on the left.] Brilliant girl. Wants to go into sales, PR or marketing when she graduates. So whats she doing for the summer? Flipping burgers? Working at the car wash? Retail? Helping dad? Nope. Christa decided she needed to hone her leadership skills and become a better presenter so shes a staff cadet at the local army base teaching methods of instruction, leadership and drill. In French no less.