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Author Topic:   Wealth Distribution in the USA
ooh-child
Member (Idle past 459 days)
Posts: 242
Joined: 04-10-2009


(1)
Message 160 of 531 (699653)
05-22-2013 4:32 PM
Reply to: Message 140 by Percy
05-22-2013 12:21 PM


Here in the US, applying the same minimum wage in both Missoula and San Jose is obviously crazy, but that's what we do, and over the years they've had the side effect of gradually pricing younger teens out of the job market.
Actually, minimum wages do vary state by state, with a federal minimum to rule them all. California's wage is higher than Montana's, so I assume that's because the costs of living are different.
As far as teens being priced out of the job market, I believe there are more adults than teens working for minimum wage. Are these adults also being priced out of their markets by rising wages?

This message is a reply to:
 Message 140 by Percy, posted 05-22-2013 12:21 PM Percy has seen this message but not replied

  
ooh-child
Member (Idle past 459 days)
Posts: 242
Joined: 04-10-2009


Message 302 of 531 (700109)
05-30-2013 12:22 PM
Reply to: Message 289 by Percy
05-29-2013 4:53 PM


Re: Value
Percy writes:
Stockholders own companies. Employees do not own companies or any part thereof, except to the extent that they are stockholders.
Again, I'd like to point out your generalization isn't entirely correct (just like I did with the minimum wage differences, state to state). For instance, the company I work for isn't owned by stockholders - it's an international private company, and they do offer limited partnerships to us, the employees. So I do own part of the company that employs me. In fact, all partners must be employed by the company; once we retire, we liquidate our ownership and no longer are LPs.

This message is a reply to:
 Message 289 by Percy, posted 05-29-2013 4:53 PM Percy has replied

Replies to this message:
 Message 303 by Rahvin, posted 05-30-2013 12:40 PM ooh-child has seen this message but not replied
 Message 310 by Percy, posted 05-31-2013 8:29 AM ooh-child has replied

  
ooh-child
Member (Idle past 459 days)
Posts: 242
Joined: 04-10-2009


Message 326 of 531 (700240)
05-31-2013 11:58 AM
Reply to: Message 310 by Percy
05-31-2013 8:29 AM


Re: Value
I don't own 'stock' in the company I work for; stock is something people own in publicly traded companies. Anyone working for AT&T can own stock in that company.
Not anyone can be invited to become a partner in the company I work for; you must be profitable, based on company standards, and no one outside the company can buy into a partnership. That's the difference between our business model and the kind of companies you were talking about.
Edited by ooh-child, : typos

This message is a reply to:
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