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Middle-Income Wage, Not The Minimum, Needs To Be Raised
Investor's Business Daily ^ | 05-07-2014 | Rand Paul and Stephen Moore

Posted on 05/08/2014 4:14:07 PM PDT by PaulCruz2016

The average salary in the U.S. is not $7.50 an hour, as Mr. Obama seems to think, but $23 an hour — or triple the minimum wage.

The jobs report told us something else that is crunching the working class. Workers are having a harder time than ever finding a full-time, 40-hour-a-week job. Employers we talk to tell us this is partly due to ObamaCare rules that are holding many new positions below 30 hours a week. (Since when is 30 hours a week a full-time job anyway?)

The White House's new proposed overtime rules are another misdirection play: Mr. President, the problem is that workers are getting too few, not too many, hours on the job.

Mr. Obama's tax increases have also held down wages. It has been a truism for at least 100 years — and probably for time immemorial — that worker pay rises with worker productivity. It's simple: the more widgets or potato chips or microchips a worker produces, the more the employer will pay her.

In last week's dismal GDP report, business spending on investment in plant, equipment and technology fell. That drop matters to workers because with less capital to improve their workplaces, they aren't as productive, and they can't command higher wages.

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy
KEYWORDS: clubforgrowth; economy; minimumwage; obama; randpaul

1 posted on 05/08/2014 4:14:07 PM PDT by PaulCruz2016
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To: PaulCruz2016
the more widgets or potato chips or microchips a worker produces, the more the employer will pay her.

Widgets? Let's update this. "Spacely sprockets."

2 posted on 05/08/2014 4:17:28 PM PDT by MUDDOG
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To: PaulCruz2016

Middle-Income Wage, Not The Minimum, Needs To Be Raised

_____________________________________________________

Exactly. Those at the low end are beneficiaries of all kinds of freebies. Not so the middle income folks.


3 posted on 05/08/2014 4:18:31 PM PDT by The_Media_never_lie (The media must be defeated any way it can be done.)
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To: PaulCruz2016

The minimum wage is the new middle income wage, that’s the way the communists planned it.


4 posted on 05/08/2014 4:18:55 PM PDT by PoloSec ( Believe the Gospel: how that Christ died for our sins, was buried and rose again)
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To: PaulCruz2016

How about we all get paid what we’re worth.

The market says that if you can’t make what you’re worth, you go find another job.

It also says that if you’re paid more than you’re worth, the job will ask you to leave.

It all shakes out in the end. Either earn the raise, or be happy with your current pay. End of story.

Unfortunately no one teaches this any more, and rather than earning an honest buck we just sign up for “free !@#$”.


5 posted on 05/08/2014 4:21:29 PM PDT by TheZMan (Buy more ammo.)
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To: MUDDOG

Or “Cogswell Cogs.”


6 posted on 05/08/2014 4:22:05 PM PDT by dfwgator
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To: dfwgator

Yes!


7 posted on 05/08/2014 4:24:52 PM PDT by MUDDOG
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To: PoloSec

Exactamundo.

The ‘middle class’ is being purposely impoverished by currency inflation, slow enough and lied about enough to avoid a revolution.

The middle class (’bourgeoisie’ to classical Marxists) is the main obstacle to socialist utopia. Hatin’ on the rich has always been a red herring.


8 posted on 05/08/2014 4:25:10 PM PDT by jjotto ("Ya could look it up!")
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To: PaulCruz2016
The average salary in the U.S. is not $7.50 an hour, as Mr. Obama seems to think, but $23 an hour — or triple the minimum wage.

The averages don't mean much. Median hourly wages are much higher than $7.50, but they're not $23.50. The median wage earner made between $25K and $30K in 2012. Assuming, conservatively, that all of them were full-timers who worked 40 hours a week, that pencils out to an hourly wage of $13.22 per hour. Almost 1/3 of on-the-books wage earners made between $10K and $15K per year. That comes to $6 an hour (assuming a full time workload), but this bracket probably includes a fair number of part-timers. It would be interesting to find out if the IRS numbers include joint tax returns as individual income earners for the purposes of the stats given.

9 posted on 05/08/2014 4:28:25 PM PDT by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
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To: jjotto

The Obama’s railed against “middle class-ism” in their 2008 campaign, saying that working harder to get ahead is a bad thing,


10 posted on 05/08/2014 4:32:52 PM PDT by GeronL (Vote for Conservatives not for Republicans!)
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To: TheZMan

..Earn money?? It’s, Get money..now
Young fella (28) workin with me the other day said that, and I laughed and said it ain’t about earning anymore, it’s about gettin huh?? He laughed and remarked he had NEVER THOUGHT about it like that, and that a lot if his ‘boys’ say that all the time


11 posted on 05/08/2014 4:38:07 PM PDT by snappahead (if your gonna be dumb, you better be tough.)
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To: PaulCruz2016

They talk about how there needs to be a pay raise for the lower wage earners with children.
Why not just increase the child tax credit? Then you reward those who have children, without upping the minimum wage that cuts off the career ladder to millions.


12 posted on 05/08/2014 5:23:02 PM PDT by tbw2
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To: TheZMan

I agree with you but that’s not how it works at many companies right now. I recently had my annual review which was excellent. I consistently exceed expectations. I was told I qualify for an annual raise but the company froze annual pay increases a couple of years ago. My second annual review with this company and that’s the second time I’ve been told that. Pay increases are and have been frozen across the board.

So to summarize....

Many people aren’t getting paid what they’re worth right now but need the job

If you can’t make what you’re worth there really aren’t many alternatives out there

Getting paid more than your worth does not equate to the job asking you to leave. There are plenty of examples of this in both the private and public sector.

I did earn my raise based on the goals and standards put forward. I could demand a raise, and get it, stating I’ll quit if I don’t get it but that opens up a whole other can of worms.

I was always taught that if you work hard and do a great job you will be rewarded. My reward consisted of having to cut my payroll, let one person go, and absorb more work at the same pay. Oh, and I don’t get free shit.

On a side note I am actively searching for a new job and will have finally finished school come summer. It’s been a rocky couple of years but we’ll keep on pushin ahead.


13 posted on 05/08/2014 5:26:18 PM PDT by Render
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To: Render

> I was told I qualify for an annual raise but the company froze annual pay increases a couple of years ago.

I’d tell them I was freezing my work effort. No raise is actually a pay cut since inflation is steadily eroding the value of the dollars that are paid.


14 posted on 05/08/2014 5:41:00 PM PDT by glorgau
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To: glorgau

It is NOT Inflation, it is THEFT by DILUTION.


15 posted on 05/08/2014 5:47:18 PM PDT by eyeamok
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To: TheZMan
How about we all get paid what we’re worth.

Gimme a break, I couldn't live on that.

16 posted on 05/08/2014 8:31:12 PM PDT by Graybeard58 (If any man love not the Lord Jesus Christ, let him be Anathema Maranatha. 1 Cor 16: 32)
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To: PaulCruz2016

What a buncha clowns! Why not $230.00 per hour...or...
$2,300.00 per hour?


17 posted on 05/08/2014 11:36:02 PM PDT by stevem
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To: PaulCruz2016
Middle-Income Wage, Not The Minimum, Needs To Be Raised

Nope.

We do NOT need more money to pay our TAX BILL; but LESS taxes!!!

Of COURSE those in gummint want you making more money; as it slides you higher up the tax RATE that you have to pay; INCREASING your taxes without passing any tax increase at ALL!

18 posted on 05/09/2014 1:50:29 AM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: PaulCruz2016
Mr. President, the problem is that workers are getting too few, not too many, hours on the job.

That's EXACTLY what he wants!

Then a person needs a SECOND job; falsely giving the IMPRESSION that 'more jobs are created'!!

BHO would just LOVE to have us ALL working 4, ten hours a week 'jobs'. He could REALLY crow about his famously successful JOB CREATION abilities!

19 posted on 05/09/2014 1:53:42 AM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: TheZMan

SIN is a reproach to ANY nation.

No one teaches this; either...


20 posted on 05/09/2014 1:55:06 AM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: tbw2
Why not just increase the child tax credit?

Why not ELIMINATE the subsidization of BASTARD children?

They LEARN how to GET money for FREE from you working saps.

21 posted on 05/09/2014 1:57:17 AM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: Graybeard58

hee hee!

We DO tend to highly value ourselves!


22 posted on 05/09/2014 1:58:20 AM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: tbw2

Sad to hear a conservative endorsement of socialist tax policies.

News flash: it is not proper for govt to redistribute my money to anyone else as a reward for any kind of behavior. It is that very tax credit that enables out of wedlock children.


23 posted on 05/09/2014 2:26:17 AM PDT by RoadGumby (This is not where I belong, Take this world and give me Jesus.)
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To: Graybeard58

I remember my old man telling me: “I’d pay ya what you are worth, but I don’t think you’ll work that cheap. How about $5 an hour?” (A huge amount back then!)

What the writer of this article doesn’t realize is that most (all?) union wage levels are based on multipliers of the minimum wage. Raise the min. and a LOT of other wages (and then prices) rise. That top welder that is making $45 bucks an hour ($67.50 OT) goes up to $67.50/101.50.


24 posted on 05/09/2014 2:40:45 AM PDT by 21twelve (http://www.freerepublic.com/focus/f-news/2185147/posts 2013 is 1933 REBORN)
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To: PaulCruz2016

Seriously, what needs to happen is the government needs to quit devaluing the money we make. It’s that bloody simple.


25 posted on 05/09/2014 3:57:01 AM PDT by RWB Patriot ("My ability is a value that must be earned and I don't recognize anyone's need as a claim on me.")
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To: TheZMan
How about we all get paid what we’re worth.

Prospect: "How much does it pay?"

Employer: "I'll pay you what you're worth."

Prospect: "I can't live on that."

26 posted on 05/09/2014 4:13:17 AM PDT by trebb (Where in the the hell has my country gone?)
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To: PaulCruz2016

The best way to raise middle class income is to CUT the bloody taxes on them!


27 posted on 05/09/2014 4:55:21 AM PDT by Westbrook (Children do not divide your love, they multiply it.)
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To: RWB Patriot

“Seriously, what needs to happen is the government needs to quit devaluing the money we make. It’s that bloody simple.”

I would add that the gov’t needs to stop taking all the hard worker’s money and wasting it.


28 posted on 05/09/2014 5:11:50 AM PDT by tuffydoodle (Shut up voices, or I'll poke you with a Q-Tip again.)
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To: Render

“On a side note I am actively searching for a new job and will have finally finished school come summer. It’s been a rocky couple of years but we’ll keep on pushin ahead.”

Good for you. You sound like a hard worker and a contributor to society, not a taker. Good luck to you.


29 posted on 05/09/2014 5:18:20 AM PDT by tuffydoodle (Shut up voices, or I'll poke you with a Q-Tip again.)
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To: tuffydoodle

Keep in mind that’s one of the reasons government keeps inflating the money supply. If they couldn’t do that, their wasteful spending of our tax dollars might come out into the open.


30 posted on 05/09/2014 9:11:57 AM PDT by RWB Patriot ("My ability is a value that must be earned and I don't recognize anyone's need as a claim on me.")
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To: PaulCruz2016

“This bitter pocketbook reality speaks loudly to the utter failure of Obama’s economic policies — bailouts, stimulus plans, $5 trillion more in debt-financed spending, ObamaCare, green-energy failed investments and tax hikes. This president has thrown everything he has from the liberal playbook at this stagnant economy and, alas, none of it has worked.”

Sounds like another rat president we should all be familiar with. I wonder if it’ll take another two years and perhaps a World War to stop this one.


31 posted on 05/09/2014 9:21:01 AM PDT by RWB Patriot ("My ability is a value that must be earned and I don't recognize anyone's need as a claim on me.")
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To: TheZMan

Thanks for posting this. I did a minor edit on it.

Fortunately, one of my senior year college professors told us basically what you posted. He also said to save 6 months of salary to be able to do your second step.

1. How about we all get paid what we’re worth.

2. The market says that if you can’t make what you’re worth, you go find another job.

3. It also says that if you’re paid more than you’re worth, the job will ask you to leave.

4. It all shakes out in the end. Either earn the raise, be happy with your current pay, or see #2 above. End of story.

Unfortunately no one teaches this any more, and rather than earning an honest buck we just sign up for “free !@#$”.


32 posted on 05/11/2014 6:41:12 AM PDT by Grampa Dave ( Herr Obama cannot divert resources from his war on Americans!)
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