Bump: Re: MAKE THE FEDERAL MINIMUM WAGE *MEDIAN* $15 NATIONWIDE (In 2009 Chained Dollars) _

On 5/7/2022 12:39 AM, Intelligent Party wrote:
> MAKE THE FEDERAL MINIMUM WAGE *MEDIAN* $15 NATIONWIDE (In 2009 Chained Dollars)
>
> This coincides with Trump and Biden's notion of 65% per capita GDP, of each of the
> 3,000 counties.
>
> This will be 50% of the per capita GDP, AFTER TAXES, of each of the 3,000 Counties.
>
>
> Or else, better yet; determine the real 50% per Capita GDP, AFTER TAXES, of each
> of the 3,000 Counties (including state and local taxes).
>
> Raise by 5% of the County’s per capita GDP every three months, or $1 every three
> months, whichever is higher.
>
>
> United States per capita GDP varies,
> from $31,881 in Mississippi, to $65,545 in Massachusetts (In 2009 Chained Dollars):
> https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP_per_capita
> [The U.S. Department of Commerce uses 2009 as a base year:
> https://en.wikipedia.org/wiki/Chained_dollars]
>
> Miss. at $31,881 * 65% = $20,722.65, /2080hours = $9.96/hr under this notion.
> Mass. at $65,545 * 65% = $42,604.25, /2080hours = $20.48/hr under this notion.
>
> Between the 3,000 Counties, the per capita GDP disparity, is even greater, than
> between the States.
>
> Underemployment masks true unemployment.
>
> Take 1-2 years to raise, so as not to shock.  (COVID just shocked, and they didn't
> give a sh*t at all).
>
> So, every 3 months, raise the minimum wage 5% of the County's per capita GDP, or
> $1, whichever is higher, until it reaches 65% of the County's per capita GDP, or
> $65% of the lowest State's GDP, whichever is higher.  Or determine the 50% thing.
>
>
> Trump and Hilary discussed raising the minimum wage, in debate in 2016, Trump was
> thinking of 65% of per capita GDP of the County, while Hilary said $12 per hour.
> Trump and Biden just discussed it in debate Oct 22, 2020.  While Biden says he
> supports a $15 Federal Minimum Wage, Trump says $15 would be ruinous in some
> Counties.  Trump should have gone with the prior notion of 65% per capita GDP of
> the County:
> Trump and Biden in Debate: https://www.youtube.com/watch?v=axBYd5X1vEY
> Trump saying at least $10 Nationwide, in 2016, he never passed this:
> https://www.youtube.com/watch?v=RJoFHS44rII
>
> $15/hr would be too high in Mississippi, and too low in Massachusetts.
> $15/hr * 2080hours = $31,200, which would be 97.86% of per capita GDP in
> Mississippi, and 47.60% of per capita GDP in Massachusetts (in 2009 chained
> dollars).  Yet we want 65% per capita GDP everywhere.  And to make it higher, you
> would have to limit spending at the top (which is a separate idea).  We have to
> protect capital savings.
>
>
> Twenty-one States, have a State or Federal, minimum wage of $7.25/hr = $15,080/yr.
>
> Five of those States, Alabama, Louisiana, Mississippi, South Carolina, and
> Tennessee, have no State minimum wage, yet only the Federal of $7.25/hr = $15,080/yr.
>
> Sixteen of those States, have a State Minimum wage equal to the Federal of
> $7.25/hr = $15,080/yr: Idaho, Utah, Colorado, Texas, Oklahoma, Nebraska, North
> Dakota, Iowa, Wisconsin, Indiana, Kentucky, Pennsylvania, New Hampshire, Virginia,
> North Carolina, and Georgia.
>
> The Federal Minimum Wage of $15,080, is 47.3% of per capita GDP in Mississippi,
> and 23% of per capita GDP in Massachusetts (in 2009 chained dollars).  Yet we want
> 65% per capita GDP everywhere.  And to make it higher, you would have to limit
> spending at the top (which is a separate idea).  We have to protect capital savings.
>
> It's like if you were trying to make the minimum wage in Mexico, the same as in
> the United States; it wouldn't fly.
> Mexico's Per Capita GDP is $10,405, (Mexico's GDP _PPP_ is $21,362).
> (Likewise Mississippi's GDP _PPP_ may be higher than $31,881).
>
> We have to protect capital savings.  But we can't build an economy by not having
> an economy.  There will never be an economy for the slaves, if they don't build
> one through spending anything, relative to the existent capital.  We will never
> allocate resources correctly, and build the economy where we need to, if we don't
> start at the bottom.  We need to build the economy from the ground up.
>
> I envision a much brighter future, for America, if we raise the minimum wage, as I
> indicate.  Look into the future, and see what you see.  I'm an economist.  Trust me.
>
> Also, a low minimum wage is apparently correlated with a higher State prison
> population:
> https://en.wikipedia.org/wiki/Minimum_wage_in_the_United_States
> https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_incarceration_and_correctional_supervision_rate
>
>
> The punishment for crime in most of the fifty U.S. States, is either slavery, or a
> dungeon, and that is abomination.
>
>
> *NOTE, these numbers are actually not adjusted for inflation.  There is 2.5%
> inflation per year; 25% inflation per decade.  They have been discussing raising
> the minimum wage for some time.  Based on inflation, it would be as if Biden were
> saying 'make the minimum wage $19.50 nationwide,' and $13 per hour in Mississippi,
> and $26 per hour in Massachusetts.  Inflation is exponential.
>
> The $13 is Hilary's $12 now, (Donald's $10(?)) with the inflation.  Hilary's
> already inflated 20% from the $9.96 listed at the beginning of this post.  That's
> how it would be $13, if for the whole nation.  The bare minimum; but not high
> enough, except in Mississippi.
> If you go to
> https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP_per_capita
> and compare Mississippi 2009 chained GDP to (scroll down) 2019 Mississippi GDP,
> you have $40,464/$31,881 = 1.269 = 27% increase over 2009.  United States total =
> $65,281/$50,577 = 1.29 = 29% increase over 2009.  Massachusetts $86,942/$65,545 =
> 1.32 = 32% increase over 2009.  [So those previously calculated minimum wage
> percentages are even lower].
>
> So I conclude, that the answer is:
>
> Every 3 months, raise the minimum wage 5% of the County's per capita GDP, or $1,
> whichever is higher, until it reaches 65% of the County's per capita GDP, or $65%
> of the lowest State's GDP, whichever is higher.  Not to be higher than 65% of the
> highest State's GDP, and not to be affected by new States admitted to the Union,
> except as determined by Congress (New States will use States already previously
> part of the Union, unless otherwise determined by Congress, and States can have
> higher minimum wages themselves).
>
> (So if your County's per capita GDP, is lower than the per capita GDP of the State
> of Mississippi, you use Mississippi's per capita GDP.)
>
> (The State Government can still make the State minimum wage higher, if it wants).
>
> Keep in mind there will be no money for retards under this plan.  The jobs that
> they ever could have worked will be eliminated.  However, I do not envision an
> increase in unemployment.  Rather, I believe raising the minimum wage will
> significantly stimulate the economy.  I envision a much more robust economic
> future for the United States.
>
>
> Also, if the per capita GDP of Washington D.C. is really $200,000 as Wikipedia
> indicates, then this is why we also use just 65% of the highest State's GDP
> whichever is _lower_, for both Washington D.C. and any Counties who's GDP's are
> higher than the highest State's GDP.  At the moment New York State, $90,043 =
> $58,527 /2080= $28/hr would be the highest minimum wage in the Country, for
> Counties both in and out of New York State, who's 65% per capita GDP is as high or
> higher than $28/hr. Rather than indicating a $130,000, $62.50 minimum wage in
> Washington D.C.
>
> Also, a useful link may be: Wikipedia "List of United States Counties by per
> capita income" This is not per capita GDP, but per capita income.  I presume
> they're using debt or asset spending to make per capita GDP higher:
> https://en.wikipedia.org/wiki/List_of_United_States_counties_by_per_capita_income
> [Data for the 50 states and the District of Columbia is from the 2009–2013
> American Community Survey 5-Year Estimates:
> Data on the District of Columbia does not seem accurate or correlated in this
> page: $45,290.]
>
> As for the 5% or $1 raise every three months; Start with the State’s minimum wage
> if it is higher than the Federal of $7.25.
>
>
>
> Finally, TRANSFER FREE CASH of 50% of the after tax minimum wage on a monthly
> basis. This is 25% per capita GDP; to everyone over 18 years of age.  The net of
> the free cash plus earnings, cannot be higher than the full time minimum wage. The
> amount of free cash shall be reduced until recipient's earnings and free receipts
> amount to full time minimum wage, of 50% per capita GDP after taxes.
>
> Part time jobs are the only mal-point there, but workers don't really have control
> over hours worked, and so it's not really a point.
>
> TRANSFER FREE CASH of 25% of the after tax minimum wage on a monthly basis.  This
> is 12.5% per capita GDP; to everyone under 18.  The net of the free cash plus
> earnings cannot be higher than the full time minimum wage.  The amount of free
> cash shall be reduced until recipient's earnings and free receipts amount to full
> time minimum wage, of 50% per capita GDP after taxes.
>
> So far, under this plan, there is no different minimum wage for people under 18.
> If there were, that would either get them less pay, or jobs easier, or some of both.
>
> You can get 3 months forward and 3 months back, each, maybe; 6 months upfront if
> needed.  Amount is determined by residence declared in the highest County be Per
> Capita GDP, so people have more money if they move, to a more expensive part of
> the Country.
>
>
> The point is not to spend nor to save, but to spend exactly the right amount, and
> on the right things (and to save exactly the right amount). Building the bottom in
> consumer products requires spending money.  1. Consumption, 2. Personal Property,
> 3. Real Property.  Otherwise we will never build the Supermarkets and Stores which
> provide these products and what people want.  It's all a question of what to
> finance.  Due to COVID more spending at Amazon.com has built Amazon.com more, and
> will allow Amazon.com to reduce prices.  Building these companies is in the
> interests of the American people, as these companies can then have economies of
> scale like Walmart.  Average costs are reduced when quantities increase, and fixed
> costs stay the same.  But the free market must determine which companies to build.
>
> Fiscal Spending can merely increase inflation and the interest rates, and these
> will only go up if we reach maximum output.  We need to stimulate the economy to
> make up for the lost businesses to COVID.  But we can only finance so much
> ultimately, and what is it that we want to finance?  Even so, the economy hasn't
> been at maximum output since 2000*.  Also, waiters don't produce anything, and
> would be better off building and buying dinning room tables rather than working
> as, and buying, waiters.
>
> Other things we can spend on/finance include:
> Transportation
> Education
> Housing
> Water
> Power
>
> Needs are (in no particular order):
> 1. Energy, 2.Communication, 3.Food, 4.Housing, 5.Transportation, 6.Medical &
> Dental, 7.Education, 8.Sanitation
>
> 1.Real Property, 2.Personal Property, 3.Consumption
>
> Not sufficiently developed nor therefore commoditized:
> 1. Mattresses, 2. Shoes(athletic, boots, supportive dress), 3. Housing, 4.
> Vehicles 5. Electricity.
>
> And of NEGLIGIBLE cost, YET MANDATORY!:
> Free Abortions - in the first trimester /14 weeks; there is no ghost in the fetus,
> and with no parental consent - this is mandatory.
> Free Sanitation - Dumpsters and Porta Potties for the homeless - this is mandatory.
>
> San Diego has free trash pickup for a large percentage of its residents.  Maybe
> ALL dumpster services should be paid for by the Government.  Otherwise it's the
> difficulty of charging homeowners for dumpsters while those living in vehicles can
> still have free access to dumpsters.  Porta Potties are not an issue in this way.
>
> "Since 1986, the city has collected trash from single-family homes but not
> apartments, condos, private streets or gated communities. Residents of
> multi-family units and their landlords have to contract with private companies to
> handle their trash."
> https://www.voiceofsandiego.org/topics/government/the-san-diego-garbage-law-thats-fueled-a-century-of-trash-talk/
>
>
> One's right to park a bus in a residential neighborhood, and live in it
> nationwide; if there is no notice not to park in front of, nor directly across
> from, someone's house, as view could be blocked, nor block business signs.  A bus
> or RV is a wall of car.  A vehicle with a kitchen, bathroom, and bed, is the
> minimum acceptable housing.  But a shelter is a row of beds for no more than three
> nights, and tent is miserable, but provides more privacy than a shelter.  Some
> tent dwellers have cars a few blocks away.
> Everyone produces 1/2 bag of trash per day, whether they live in a vehicle, a
> tent, or a home.
> Stop cities from betraying the public trust by having preferential parking where
> it is not needed - as they may rush to use this method to ban RV's.
>
> (*rates were up from 2005-2007 tho)
> https://tradingeconomics.com/united-states/interest-rate
> https://www.jpmorganchase.com/about/our-business/historical-prime-rate
>

Bump