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since federal minimum wage increased (pg. 3)
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| Orbax |
| quote: | Originally posted by ill0gical0ne
waaaaaaaaah!!
Boo hoo; try living in a state w/o minimum wage laws. I worked at a place for 2 years straight and only made $6.60 by the time I left.
where the hell do you live? |
Issaquah. |
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| Krypton |
| quote: | Originally posted by Eric Siefer
Its actually a 40% increase... both of you are horrible with math.
A $2.10 increase from $5.15. 2.1 is roughly 40% of 5.15.
And if anyone took an economics class knows there are the laws of supply and demand. Raising the minimum wage gives people more money to spend(which they will) which increases demand for goods. And an increase in the demand for a good lowers its price.
It's confusing as hell because you would think that by raising it it would increase inflation a ton, but there are many other factors to take into consideration.
It's been a year and a half since I took an eco class so someone else that is possibly an eco major, or is in one now can probably explain it better. |
29% actually.
| quote: | Originally posted by Krypton
actually, it is a 29% increase.
I thought about a 29% increase, but I guess that'll just be my minimum asking wage for my next job. |
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| grooviebeats |
| i got a 3 % raise on my latest review |
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| citric_acid |
| quote: | Originally posted by UWM
Has anyone ever told you you make the worst threads in the COR? |
agreed |
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| eFeKz |
| quote: | Originally posted by citric_acid
agreed |
you. |
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| clubamerica |
| quote: | Originally posted by eFeKz
from $5.15/hr to $7.25, an increase of 140%, those individuals who make over minimum wage but are paid hourly should too get a 140% increase in pay raise as well, to reflect the standard of living increase.
for example, if you're making say 8 bucks an hour, it would make sense that you should be paid $11.68/hr now.
dont you think?
i mean i work at best buy. i get paid 12.50 an hour which isnt that good of a wage.
but closing the gap between fast food worker and techno geek?
doesnt seem fair. |
Last time they incrased the minimum wage i got an increase in my pay.they called it an "adjustment of living increase". ask about it at work dood |
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| jdat |
| quote: | Originally posted by eFeKz
you. |
Flawless economical logic!
Can I hire you? I need a financial risks assessments manager and I think you fit the ticket! |
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| Zenchowdah |
| quote: | Originally posted by Krypton
29% actually. |
show me your math!
every time i divide 7.25 by 5.15, i get 1.4077669902912621359223300970874
so, 5.15*1.4077669902912621359223300970874=7.25
therefore
7.25=~140% of 5.15
i would say the original poster worded his post poorly, but we all knew what he meant
i get a three percent raise every year |
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| Theresa |
| quote: | Originally posted by Zenchowdah
show me your math!
every time i divide 7.25 by 5.15, i get 1.4077669902912621359223300970874
so, 5.15*1.4077669902912621359223300970874=7.25
therefore
7.25=~140% of 5.15
i would say the original poster worded his post poorly, but we all knew what he meant
i get a three percent raise every year |
Which wouldn't that make it a 40% increase?
7.25 - 5.15 = 2.10
2.10 / 5.15 = 0.40
0.40 X 100% = 40%
Therefore the amount they get now is 40% more than it was before. |
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| Eric Siefer |
Yes I understood what eFeKz originally meant, but I was suprised to be the first to get the correct increase in percentage pointed out.
| quote: | Originally posted by Theresa
Which wouldn't that make it a 40% increase?
7.25 - 5.15 = 2.10
2.10 / 5.15 = 0.40
0.40 X 100% = 40%
Therefore the amount they get now is 40% more than it was before. |
Thank you for spelling that out for the others.
| quote: | Originally posted by Krypton
29% actually. |
I never say this but... PWNED
How the hell do you get 29%?? |
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| Zenchowdah |
| quote: | Originally posted by Theresa
Which wouldn't that make it a 40% increase?
7.25 - 5.15 = 2.10
2.10 / 5.15 = 0.40
0.40 X 100% = 40%
Therefore the amount they get now is 40% more than it was before. |
that would make it a 40% increase, with the final value being 140% of the original. |
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| Zenchowdah |
| quote: | Originally posted by Eric Siefer
Yes I understood what eFeKz originally meant, but I was suprised to be the first to get the correct increase in percentage pointed out.
Thank you for spelling that out for the others.
I never say this but... PWNED
How the hell do you get 29%?? |
2.10/7.25=0.28965517241379310344827586206897
probably with math like that |
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