Comments on: Interesting: Colorado is Reducing Minimum Wage… http://allfinancialmatters.com/2009/10/14/interesting-colorado-is-reducing-minimum-wage/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Sat, 11 Feb 2012 20:32:19 +0000 hourly 1 http://wordpress.org/?v= By: Andy Domonkos http://allfinancialmatters.com/2009/10/14/interesting-colorado-is-reducing-minimum-wage/comment-page-1/#comment-440731 Andy Domonkos Sun, 22 Nov 2009 23:09:37 +0000 http://allfinancialmatters.com/?p=4142#comment-440731 The concept of minimum wage being in balance with inflation is absurd. Lets look at the math. 7.25x160hours=1160$, after uncle same takes his cut, its under 1000. So lets say you pay 500$ a month for a tiny shitbox apartment. Half your month goes to that. Not to mention at least 60 to electric, 100 for a months worth of food (like to see the average american even attempt this.) Leaving you with a WHOPPING 240$ to do laundry to keep your uniform clean (cause they usually only give you one, and half the time you have to pay for that too. You can sorta pay your car insurance, or spend the 4$ a day for a 2 way commute on the bus (80 dollars for 20 day roundtrips to work, go public transportation!) You might have a little left to try to go see a movie or buy clothes, but hey you get payed every 2 weeks so you need to pay rent halfway through the month because your next check doesnt get here till the 6th! OH ITS SUCH A FAIR SYSTEM, the people who want 1 dollar burgers keep this system in place, everytime I see a lexus pulling up to mcdonalds to be a cheap ass, then that same person goes home and thinks, wow those people should get less money, so I only have to pay 85cents a burger instead of 1dollar. Its disgusting, just pay people 10 an hour, be happy with ceo's getting 10.5mill instead of 11.5, its the governments job to regulate this shit, if it was up to wallmart they would pay their workers 1cent an hour, 7.25 is a travesty in 2010. The concept of minimum wage being in balance with inflation is absurd. Lets look at the math. 7.25x160hours=1160$, after uncle same takes his cut, its under 1000. So lets say you pay 500$ a month for a tiny shitbox apartment. Half your month goes to that. Not to mention at least 60 to electric, 100 for a months worth of food (like to see the average american even attempt this.) Leaving you with a WHOPPING 240$ to do laundry to keep your uniform clean (cause they usually only give you one, and half the time you have to pay for that too. You can sorta pay your car insurance, or spend the 4$ a day for a 2 way commute on the bus (80 dollars for 20 day roundtrips to work, go public transportation!) You might have a little left to try to go see a movie or buy clothes, but hey you get payed every 2 weeks so you need to pay rent halfway through the month because your next check doesnt get here till the 6th! OH ITS SUCH A FAIR SYSTEM, the people who want 1 dollar burgers keep this system in place, everytime I see a lexus pulling up to mcdonalds to be a cheap ass, then that same person goes home and thinks, wow those people should get less money, so I only have to pay 85cents a burger instead of 1dollar. Its disgusting, just pay people 10 an hour, be happy with ceo’s getting 10.5mill instead of 11.5, its the governments job to regulate this shit, if it was up to wallmart they would pay their workers 1cent an hour, 7.25 is a travesty in 2010.

]]> By: harm http://allfinancialmatters.com/2009/10/14/interesting-colorado-is-reducing-minimum-wage/comment-page-1/#comment-440031 harm Thu, 15 Oct 2009 23:38:30 +0000 http://allfinancialmatters.com/?p=4142#comment-440031 I've always wondered what insane person decides the cost of living is going down, and if it is going down somewhere, which "galaxy far, far away" that is. Evidently the 'consumer price index' is a government scam (and this from a person who does NOT blame the government for everything) :P I’ve always wondered what insane person decides
the cost of living is going down, and if it is
going down somewhere, which “galaxy far, far away”
that is. Evidently the ‘consumer price index’ is
a government scam (and this from a person who
does NOT blame the government for everything) :P

]]> By: John http://allfinancialmatters.com/2009/10/14/interesting-colorado-is-reducing-minimum-wage/comment-page-1/#comment-440015 John Thu, 15 Oct 2009 13:27:40 +0000 http://allfinancialmatters.com/?p=4142#comment-440015 The article states that the employers have the option to leave the wage flat. I would like to see how many do that. I would also like to know how many people who don't support a minimum wage, support a salary cap for executive pay? Shouldn't it work both ways? The article states that the employers have the option to leave the wage flat. I would like to see how many do that. I would also like to know how many people who don’t support a minimum wage, support a salary cap for executive pay? Shouldn’t it work both ways?

]]> By: JLP http://allfinancialmatters.com/2009/10/14/interesting-colorado-is-reducing-minimum-wage/comment-page-1/#comment-440011 JLP Wed, 14 Oct 2009 23:38:17 +0000 http://allfinancialmatters.com/?p=4142#comment-440011 Rob, Sorry for the oversight. That's why I post a link to the original article. Rob,

Sorry for the oversight. That’s why I post a link to the original article.

]]> By: rob http://allfinancialmatters.com/2009/10/14/interesting-colorado-is-reducing-minimum-wage/comment-page-1/#comment-440010 rob Wed, 14 Oct 2009 23:25:29 +0000 http://allfinancialmatters.com/?p=4142#comment-440010 Sorry actually read the article instead of your blurb.. Your blurb should have included that it gets to go below Fed min wage as that's more interesting Sorry actually read the article instead of your blurb.. Your blurb should have included that it gets to go below Fed min wage as that’s more interesting

]]> By: rob http://allfinancialmatters.com/2009/10/14/interesting-colorado-is-reducing-minimum-wage/comment-page-1/#comment-440009 rob Wed, 14 Oct 2009 23:22:59 +0000 http://allfinancialmatters.com/?p=4142#comment-440009 Not really sure how its dropping to 7.24 as the Federal Min Wage is 7.25 Not really sure how its dropping to 7.24 as the Federal Min Wage is 7.25

]]> By: Credit Card Chaser http://allfinancialmatters.com/2009/10/14/interesting-colorado-is-reducing-minimum-wage/comment-page-1/#comment-440007 Credit Card Chaser Wed, 14 Oct 2009 23:10:20 +0000 http://allfinancialmatters.com/?p=4142#comment-440007 Interesting, I am generally opposed to the minimum wage but if there does have to be a minimum wage in place then having the number tied to inflation makes sense I think. Interesting, I am generally opposed to the minimum wage but if there does have to be a minimum wage in place then having the number tied to inflation makes sense I think.

]]> By: bromoney http://allfinancialmatters.com/2009/10/14/interesting-colorado-is-reducing-minimum-wage/comment-page-1/#comment-440004 bromoney Wed, 14 Oct 2009 22:06:46 +0000 http://allfinancialmatters.com/?p=4142#comment-440004 Wow, I've never heard of a state reducing its minimum wage. Wow, I’ve never heard of a state reducing its minimum wage.

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