stfuconservatives:

From current.com:

Corporate profits are up, but wages are down. Growth is trending upward and productivity is rising, but employment is still low.

In the midst of all this, The New York Times reports financial firms are creeping back to lending practices that prey on the vulnerable. Banks are offering loans and credit cards to consumers with damaged credit — and reaping the benefits in the form of high interest rates and late fees from missed payments.

A bankruptcy lawyer quoted in the Times piece referred to such consumers being addicted to credit. But is addicted the right term?

Real wages have plunged over the past 40 years. In real dollars, adjusted consistently for inflation, a two-income family today makes (on average) 15 percent less than the average single-income family did 40 years ago.

It’s not getting any better, either. Wages continue to fall, with the latest example being GE’s decision to cut worker’s wages by 50 percent.

The cost of living hasn’t dropped with wages — it’s gone up. Education costs have skyrocketed, housing prices have soared and prices have climbed upward on essentials like food. Combine a climbing cost of living with falling wages and high unemployment and is it any surprise that Americans are turning to credit?

So important - and unbelievably disheartening - to remember this. Things are looking great for Americans, if by “Americans” you mean “ones who were already wealthy and run giant companies.”

And this is why I’m voting OBAMA 2012

-Jess

Ouch! It’s even worse than I thought! Frakkin’ inflation.

(Source: stfuconservatives)

stfuconservatives:

abaldwin360:

lizasaurus-rex:

musicalpaws:

abaldwin360:

How Many Minimum Wage Hours Does It Take To Afford A Two-Bedroom Apartment In Your State?
Ever wonder how people manage to get by on minimum wage? Oftentimes, they don’t…

I would have to work 114 hours a week to be able to afford a 2 bedroom…that’s pathetic, minimum wage means you get paid the minimum amount it takes to afford the absolute most basic things you need to live.

I feel like most people with a minimum wage job don’t need a two bedroom. Studio apartments can be as low as 400/month and there are even some one bedrooms that are cheaper. Minimum wage IS the wage that you will get the most basic things to live. Things like cable, internet, a ton of furniture and so forth are luxuries. All you need is food, a bed, water, and a toilet if you want to get technical. And I mean you could probably even go without a toilet but that causes me to shudder a bit. A two bedroom is not basic. A one bedroom isn’t even basic. If you have kids, then I would assume that yes, bedrooms should be basic because they are necessary unless you want child services all up n your ass. Otherwise, a 400/month studio would be easy to afford on a minimum wage salary if you work … WAIT a second. I just did the math out and if you work 114 hours a week at minimum wage you would be making like at least 900 after taxes. That is WAY more than enough money to live in a two bedroom. That’s 3600 a month! That is like a ridiculous amount of cash. You would only need to work 50 a MONTH to make 400. That is roughly 12.5 hours a week. I think this map is wrong.

Uhm… I’ve worked several minimum wage jobs as “night jobs” though the years and was amazed at all the single mothers I worked with.
Single mothers don’t need a two bedroom apartment?
Furthermore, the map takes into consideration more than JUST rent - 
Here have a gander: http://www.good.is/post/how-many-minimum-wage-hours-does-it-take-to-afford-a-decent-life/

I live in LA. I’ve never seen a studio cheaper than $900/month. And yeah, you don’t need two bedrooms if you’re single, but if you live with your partner and they stay home with your small children, then you need a two-bedroom apartment. Those start - START - at around $1600/month where I live. That, plus necessary expenses (gas/insurance/phone/food/utilities) adds up real fast. I would hardly call the Internet a “luxury.” How about instead of deducing the minimum requirements needed to live like a human being, we focus on raising the minimum wage so we don’t have to worry about stuff like that?
-Jess

Frakkin’ inflation. >_<

stfuconservatives:

abaldwin360:

lizasaurus-rex:

musicalpaws:

abaldwin360:

How Many Minimum Wage Hours Does It Take To Afford A Two-Bedroom Apartment In Your State?

Ever wonder how people manage to get by on minimum wage? Oftentimes, they don’t…

I would have to work 114 hours a week to be able to afford a 2 bedroom…that’s pathetic, minimum wage means you get paid the minimum amount it takes to afford the absolute most basic things you need to live.

I feel like most people with a minimum wage job don’t need a two bedroom. Studio apartments can be as low as 400/month and there are even some one bedrooms that are cheaper. Minimum wage IS the wage that you will get the most basic things to live. Things like cable, internet, a ton of furniture and so forth are luxuries. All you need is food, a bed, water, and a toilet if you want to get technical. And I mean you could probably even go without a toilet but that causes me to shudder a bit. A two bedroom is not basic. A one bedroom isn’t even basic. If you have kids, then I would assume that yes, bedrooms should be basic because they are necessary unless you want child services all up n your ass. Otherwise, a 400/month studio would be easy to afford on a minimum wage salary if you work … WAIT a second. I just did the math out and if you work 114 hours a week at minimum wage you would be making like at least 900 after taxes. That is WAY more than enough money to live in a two bedroom. That’s 3600 a month! That is like a ridiculous amount of cash. You would only need to work 50 a MONTH to make 400. That is roughly 12.5 hours a week. I think this map is wrong.

Uhm… I’ve worked several minimum wage jobs as “night jobs” though the years and was amazed at all the single mothers I worked with.

Single mothers don’t need a two bedroom apartment?

Furthermore, the map takes into consideration more than JUST rent - 

Here have a gander: http://www.good.is/post/how-many-minimum-wage-hours-does-it-take-to-afford-a-decent-life/

I live in LA. I’ve never seen a studio cheaper than $900/month. And yeah, you don’t need two bedrooms if you’re single, but if you live with your partner and they stay home with your small children, then you need a two-bedroom apartment. Those start - START - at around $1600/month where I live. That, plus necessary expenses (gas/insurance/phone/food/utilities) adds up real fast. I would hardly call the Internet a “luxury.” How about instead of deducing the minimum requirements needed to live like a human being, we focus on raising the minimum wage so we don’t have to worry about stuff like that?

-Jess

Frakkin’ inflation. >_<

(via stfuconservatives)