Just your stereotypical 22 year old, 6 foot, Homosexual, Atheist, Trekkie, Mexican-American, Progressive, Liberal, Tea loving, Politico.

San Diego/Chula Vista

Studying for a degree in Business.
Currently a General Manager for a Tea Company

Things you will find on this blog:
-Intelligent opinions backed by facts
-Star Trek and all its slash
-Men in various states of undress
-A few personal posts
-Photos/graphs regarding cities and infrastructure
-Lots of tea
-What happens to be popular on tumblr at the time

 

A new Democratic bill would raise minimum wage to $10.10/hour. Sign the petition in support!

requiem1010:

chocolate-chip-muffinz:

Seems like a good idea, yes.

It seems like a good idea until you actually think about it. By raising the minimum wage to $10.10, you are effectively reducing the wages of those that make above minimum wage. You’re telling people that their labor is now worth $X dollars- their wages don’t rise, percentage-wise in accordance with minimum wage laws.

Not only that, but there will be an immediate rise in the cost of consumer products. More money in the supply lessens the spending power of the money in circulation.

Want the math?

Example: I make $10, while another person, Steve makes $8, and Suzy makes $12. By increasing the minimum wage, it at first seems I am getting a 1% raise, Steve is getting a 25% raise, and Suzy stays at the same level.

However, the value of Suzy’s labor has been effectively reduced by almost 16%. How is this fair to people making more than minimum wage?

On to the law of supply and demand-

Example, simplified:

Let’s say that everyone makes $7.25. Now, we increase that wage to $10.10, an increase of almost 28%. Sounds great! Everyone is making more money!

Except they’re not. The prices of goods and services will rise equal to the amount of the money in the supply.

I feel that minimum wage should be abolished altogether- the market should dictate the dollar amount of the wage, not the government. Minimum wage is not meant to be a career wage. If your skill sets dictate that you’re only worth minimum wage, then that’s what you earn. If you want to make more money, make yourself more valuable and learn new skills (which one can do, for free, online).

Don’t raise the minimum wage.

The minimum wage should be replaced with a living wage. If you set the value of labor below what it costs to live, the government will pay out welfare, housing, and food stamp benefits to those that earn less than that.

The means that the federal government, and therefore the tax payers (Suzy), are paying the costs of the private sector underpaying their workers (Steve). Whether or not a person works, they still have basic needs that need to be met. Working helps them pay for those needs themselves.

My company is changing the pay structure to adjust to markets that already have increased the minimum wages (ex. San Francisco) Those that were already getting paid at a higher rate (Suzy) are having their pay adjusted to stay proportional to what it was before. Prices have not been affected but sales have increased in those areas as people have more money to spend (Steve).

Don’t even get me started about students. How are they supposed to increase the value of their labor through education if they can’t afford to live let alone attend school? Not everyone has a family or lives in a low cost of living area. Not everyone will be eligible for a loan. Not everyone will be able to work 40 weeks.

Replacing the minimum wage with a living wage restores the income distribution to what it was during the 1950’s. Our national wealth, stock markets, corporate profits, GDP, worker productivity, and executive compensation have all skyrocketed since that period. The one thing that has remained mostly flat is employee pay, especially for those near the bottom.

(Source: sanityscraps)

stfuconservatives:

nefariousnewt:

kateoplis:

Fact: If corporations and households with $1 million income paid at the same levels they did in 1961, the Treasury would collect an additional $716 billion a year – or $7 trillion over a decade.  
The Billionaires Guide to Paying No Taxes 

John Boehner and Mitch McConnell and Paul Ryan take note. Raising taxes is definitely on the table.

If just these four corporations paid their fair share of taxes, we’d have an extra $21.7 billion dollars. How’s that for closing the budget gap?

stfuconservatives:

nefariousnewt:

kateoplis:

FactIf corporations and households with $1 million income paid at the same levels they did in 1961, the Treasury would collect an additional $716 billion a year – or $7 trillion over a decade.  

The Billionaires Guide to Paying No Taxes 

John Boehner and Mitch McConnell and Paul Ryan take note. Raising taxes is definitely on the table.

If just these four corporations paid their fair share of taxes, we’d have an extra $21.7 billion dollars. How’s that for closing the budget gap?

Ancient structure found in Antarctica

disconnectedreality:

During April 2001 one of the world’s great secrets was revealed: an ancient structure or apparatus that lay encased miles under the hard Antarctic ice was detected by a roving spy satellite. The US military immediately moved to quash the reports and the mainstream news media dutifully complied.

Despite the news blackout, reports still surfaced that a secretive excavation project had commenced on the heels of the discovery. Some European countries formally protested the excavation by the US military.

“If it’s something the US military has constructed down there, then they’re violating the international Antarctic Treaty,” said an aide to Nicole Fontaine, at the time he was the European Parliament’s French president. “If not, then it’s something that’s at least 12,000 years old, which is how long ice has covered Antarctica. That would make it the oldest man-made structure on the planet. The Pentagon should heed the calls of Congress and release whatever it’s hiding.”

sufigeek:

yep… the policy makers and the defense analysts must have  really slept in the history class at school !!!!”))

sufigeek:

yep… the policy makers and the defense analysts must have  really slept in the history class at school !!!!”))

(Source: walking-island)

Econ Blues 2011: Cnn asks - is America becoming an Hispanic country?

econblues2011:

Editor’s note:Ruben Navarrette Jr. is a CNN.com contributor, a nationally syndicated columnist and an NPR commentator.

(CNN) — The United States is becoming an Hispanic country. And it’s happening much faster than anyone expected.

According to an analysis of newly released 2010 U.S….

 What? The indigenous people on the continent are taking over?! Unheard of! Bust out the small pox blankets!!!!

Japanese tsunami claims first American victims

shortformblog:

  • four Californians in Crescent City have been swept out to sea by the tsunami
  • twoof them have been rescued and taken to safety
  • one is confirmed dead; the fourth is, as of now, unaccounted for source

(Source: shortformblog)

zeitgeistmovement:

The American Dream by The Provocateur Network

#end the fed

 The most extensive yet simple explanation of why our economy sucks and the wealth keeps getting concentrated at the top.

(Source: socialuprooting)

thedeadline:

Mother Jones:
“A Harvard business prof and a behavioral economist recently asked more than 5,000 Americans how they thought wealth is distributed in the United States. Most thought that it’s more balanced than it actually is. Asked to choose their ideal distribution of wealth, 92% picked one that was even more equitable.”
More charts…

thedeadline:

Mother Jones:

A Harvard business prof and a behavioral economist recently asked more than 5,000 Americans how they thought wealth is distributed in the United States. Most thought that it’s more balanced than it actually is. Asked to choose their ideal distribution of wealth, 92% picked one that was even more equitable.”

More charts…

progressivefriends:

Check out this humming bird spy plane being developed for our government. Interesting fact: Hummingbirds are only found in the Americas. I wonder where this will be used…

Let me get this straight… the government has developed a camera that can fly in the form of a hummingbird which is only found in the Americas…