$70,000 minimum wage: Sound economic decision or publicity stunt? - GoFuckYourself.com

$5 submissions · 04-14-2015, 03:23 PM

This CEO of a company few have heard of announced that the MINIMUM wage for his company's staff will be 70,000 USD. Is it a publicity stunt or is he on to something?

Is it genius or crazy to introduce a $70,000-a-year minimum wage? - MarketWatch

Before you hate or laugh, understand the following FACTS

Fact 1: The median household income in the US (the middle class wage!) hasn't improved in 15 years Source: The American Middle Class Hasn?t Gotten A Raise In 15 Years | FiveThirtyEight

Fact 2: Henry Ford (a tech visionary in his time) shocked Corporate America when he doubled his minimum wage to $5 a day The Middle Class Took Off 100 Years Ago ... Thanks To Henry Ford? : NPR

transbetty · 04-14-2015, 04:15 PM

Henry Ford fulfilled his promis, him being a real psycho workaholic and a visionare.

Questions is, is that guy such a "caliber" ?

BaldBastard · 04-14-2015, 05:26 PM

Wouldn't 70k be the min already?

Robbie · 04-14-2015, 05:51 PM

I'm watching as people's wages are higher and prices get higher and higher over time...and meanwhile, we haven't been able to raise the price of a fucking porn membership in almost 20 goddamned years because of piracy.

And even at our STAGNANT rate, we can't sell it because of all the piracy.

We raised our price to $34.99 back in the beginning of 2008. But by 2009, had to drop it back.

$5 submissions · 04-14-2015, 05:55 PM

Quote:

Originally Posted by Robbie

I'm watching as people's wages are higher and prices get higher and higher over time...and meanwhile, we haven't been able to raise the price of a fucking porn membership in almost 20 goddamned years because of piracy.

And even at our STAGNANT rate, we can't sell it because of all the piracy.

We raised our price to $34.99 back in the beginning of 2008. But by 2009, had to drop it back.

Inflation is definitely an issue. That's why I'm for the GOLD STANDARD. Inflation is going to be a bitch when all that funny money the Fed shit out during Quantitative Easing (notice that it didn't go into main street but Wall Street) floods the real economy. WHOO WHEE that Bubble Burst will be NAAASTY Right now, all that funny money is in equities markets and that's preventing the inflation disaster. However, it is creating STOCK INFLATION - how the F is Twitter worth so much?!

ReggieDurango · 04-14-2015, 06:20 PM

Quote:

Originally Posted by MrBaldBastard

Wouldn't 70k be the min already?

Hahahahahahaha lol

onwebcam · 04-14-2015, 08:49 PM

Merchant account provider.. epassporte 2.0 in the making.

sandman! · 04-14-2015, 09:25 PM

maybe he can get away with it

Due · 04-14-2015, 10:03 PM

Quote:

Originally Posted by Robbie

I'm watching as people's wages are higher and prices get higher and higher over time...and meanwhile, we haven't been able to raise the price of a fucking porn membership in almost 20 goddamned years because of piracy.

And even at our STAGNANT rate, we can't sell it because of all the piracy.

We raised our price to $34.99 back in the beginning of 2008. But by 2009, had to drop it back.

I think it might be worth considering hat consumers most likely also compare the prices to services like Netflix, Hulu or Amazon prime, they all cost $8-$15 / month

ManPuppy · 04-15-2015, 05:56 AM

Quote:

Originally Posted by $5 submissions

Fact 2: Henry Ford (a tech visionary in his time) shocked Corporate America when he doubled his minimum wage to $5 a day

Just for kicks, I looked up what $5 a day is worth now. $117.40, according to this inflation calculator:
Calculate the value of $1 in 1914 - Inflation on 1 dollars - DollarTimes.com

There's a lot of water in a simple inflation calculator, though. It doesn't take into account the "necessities" we take for granted now that didn't exist then, or income tax, etc. Today, depending on where you live (in the U.S.), $117.40 a day ranges from, at best, a modest living, down to having several roommates.

Spunky · 04-15-2015, 06:48 AM

Great gesture from the man helping the little people

04-14-2015, 03:23 PM	#1
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,194	$70,000 minimum wage: Sound economic decision or publicity stunt? This CEO of a company few have heard of announced that the MINIMUM wage for his company's staff will be 70,000 USD. Is it a publicity stunt or is he on to something? Is it genius or crazy to introduce a $70,000-a-year minimum wage? - MarketWatch Before you hate or laugh, understand the following FACTS Fact 1: The median household income in the US (the middle class wage!) hasn't improved in 15 years Source: The American Middle Class Hasn?t Gotten A Raise In 15 Years \| FiveThirtyEight Fact 2: Henry Ford (a tech visionary in his time) shocked Corporate America when he doubled his minimum wage to $5 a day The Middle Class Took Off 100 Years Ago ... Thanks To Henry Ford? : NPR __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants

04-14-2015, 04:15 PM	#2
transbetty Confirmed User Industry Role: Join Date: May 2013 Location: Prague Posts: 196	Henry Ford fulfilled his promis, him being a real psycho workaholic and a visionare. Questions is, is that guy such a "caliber" ? __________________ Tranny Sites - tranny, fetish & BDSM porn site reviews by Betty Tranny Ladies - online tranny dating and community portal Transbetty - my personal blog (articles/photos/reflections)

04-14-2015, 05:51 PM	#4
Robbie Leaner, Meaner, Faster Industry Role: Join Date: Aug 2002 Location: Vegas Posts: 20,845	I'm watching as people's wages are higher and prices get higher and higher over time...and meanwhile, we haven't been able to raise the price of a fucking porn membership in almost 20 goddamned years because of piracy. And even at our STAGNANT rate, we can't sell it because of all the piracy. We raised our price to $34.99 back in the beginning of 2008. But by 2009, had to drop it back. __________________ -Robbie ClaudiaMarie.Com

04-14-2015, 09:25 PM	#8
sandman! Icq: 14420613 Industry Role: Join Date: Mar 2001 Location: chicago Posts: 15,424	maybe he can get away with it __________________ Need WebHosting ? Email me for some great deals [email protected]

04-15-2015, 06:48 AM	#11
Spunky I need a beer Industry Role: Join Date: Jun 2002 Location: ♠ Toiletville ♠ Posts: 133,906	Great gesture from the man helping the little people __________________ *Skype : Spunky GFY*

04-14-2015, 05:26 PM	#3
BaldBastard Too lazy to set a custom title Industry Role: Join Date: Jan 2001 Location: Sydney Posts: 15,394	Wouldn't 70k be the min already?

04-14-2015, 08:49 PM	#7
onwebcam Fake Nick 1.0 Industry Role: Join Date: Oct 2005 Location: Rent free, your head Posts: 27,501	Merchant account provider.. epassporte 2.0 in the making.