Ron Paul Owns Ben Bernanke, FED Chairman

Discussion in 'Politics & Religion' started by guerilla, Nov 8, 2007.

  1. guerilla

    guerilla Notable Member

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    #121
    But it does matter, because you clearly said that price increases are a consequence of previous wage increases.

    So I would like you to provide the data for this assertion. Something that shows that prices respond to wages, with the wage increase coming first.
     
    guerilla, Nov 15, 2007 IP
  2. GRIM

    GRIM Prominent Member

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    #122
    Is a bit different than.
    You say the vast majority are 16-19 who live at home at their first job.

    Yet the link you posted states nothing about living at home, nor first job, nor white suburban teenagers, plus it states 16-24, and not the vast majority but 'over half'

    Your statement is very far off from the proof you posted.
     
    GRIM, Nov 15, 2007 IP
  3. soniqhost.com

    soniqhost.com Notable Member

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    #123
    Here is a better break down of the workers who earn a minimum wage.

    http://www.heritage.org/Research/Economy/wm1186.cfm


    Table 1
    Demographic Characteristics of Minimum Wage Workers

    16-24 years old 25+ Total
    Men 35.2% 33.6% 34.4%
    Women 64.8% 66.4% 65.6%
    White 83.6% 79.5% 81.7%
    Black 11.1% 11.8% 11.4%
    Asian 1.7% 5.4% 3.4%
    Married 4.8% 42.5% 22.5%

    Wage and Income Characteristics of Minimum Wage Earners

    Part Time 67.0% 55.6% 61.7%
    Full Time 33.0% 44.4% 38.3%
    Avg. Family Income $64,273 $33,606 $49,885
    At or Below the Poverty Line 16.9% 22.8% 19.5%
    Family Income > 200% of Poverty Line 64.7% 44.8% 56.1%

    Education Levels of Minimum Wage Workers

    Less Than High School 36.3% 22.0% 29.8%
    High School Graduate 20.9% 38.5% 29.1%
    Some College 35.6% 20.5% 28.5%
    Associates Degree 3.4% 8.5% 5.8%
    Bachelors Degree or Higher 3.4% 10.6% 6.8%

    Source: Heritage Foundation calculations based on the Bureau of Labor Statistics, 2005 Current Population Survey and merged outgoing rotation group files
     
    soniqhost.com, Nov 15, 2007 IP
  4. ferret77

    ferret77 Heretic

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    #124
    I was on my own at 17, in fact most people I know are on their own once they graduate high school, even mama's boys are usually out on their own by 21-22 at least

    where does it say those people live at home?
     
    ferret77, Nov 16, 2007 IP
  5. Mia

    Mia R.I.P. STEVE JOBS

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    #125
    I'm gonna assume that those that go on to college, technically are still considered to be living at home...
     
    Mia, Nov 16, 2007 IP