If minimum wage goes up to 15 bucks an hour?

Discussion in 'Questions From New Drivers' started by ad356, Oct 3, 2017.

  1. ad356

    ad356 Road Train Member

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    Isn't that off. College industrial complex. The school gets all the money out of the student. Books, dorming if it applies, tuition, and everything else that goes along with it. The person ends up with student debt, and yet when they graduate often times end up doing something that does not require a degree. Either one of two options 1. The person does not like what they went to school for and found they would rather drive... 2. The person was unable to find meaningful employment using that degree paying a living wage.

    I bet #2 happens allot. The job market is flooded with college grads. When I was in high school I got the you have go to college speak. I too went but left college without finishing, it was a community college so I had no debt from it. What I was going for was in the I.T. field, that market is flooded anyways. Every tom, dick, and Jane went for computers.

    The government should hold these schools accountable for low job placement. If someone wants a liberal arts degree they must do it on their own, no government funding. That would stop the "I'm going to go to college but have no idea what I'm doing".

    If you insist on going to college it needs to be something that pays a good salary and has a high rate of job placement.
     
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  3. boredsocial

    boredsocial Road Train Member

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    Nobody disagrees with that. My wife and I are carrying ~90k in student loan debt between us. How many jobs do we have that require college? 0.
     
  4. ad356

    ad356 Road Train Member

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    90k ouch. That's more then I owe on my mortgage. What do these people have to show for it. Nothing.
     
  5. ad356

    ad356 Road Train Member

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    Medical debt is another way we all have been screwed. People are paying 400 or more per month on garbage health insurance plans with $5,000 deductibles all so the insurance companies, often times don't pay out a red cent. Go to the Dr, you paid for your ins that week but you pay the whole bill.

    I am blessed in this regard but I know the reality of it for many people. My wife works in a union hospital so I have zero copay and deductibles. Before she got that Job I had to carry the insurance and had 4k per person deductibles. Pure garbage.

    Affordable care act was only put in place to protect the interests of huge insurance companies profits. Health insurance has never been more unaffordable and deductibles are a joke.
     
  6. boredsocial

    boredsocial Road Train Member

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    Yeah healthcare in this country is best viewed through a macro economic lense. We can talk about details until we're all blue in the face but one number ultimately matters more than all the other numbers: 17.8%. That's the % of the US GDP we spend on healthcare. The next highest spender is the Netherlands with 12%. This isn't about any one groups greed as the whole industry is at fault. Insurance, hospitals, doctors, especially pharma companies, long term care facilities, the government, and on and on it goes.

    Our key problem is not access it is affordability as in our country can't afford to pay 50% more than other countries (actually more than that because our per capita GDP is higher we're actually paying close to double some other first world nations) for extremely similar (some would say inferior) results. People need subsidies to pay for healthcare in this country because healthcare costs roughly double what it should cost.

    Healthcare is one of the few areas where I think going to a fully socialized model makes sense. I think this because the way I see it healthcare as a product has a lot more in common with police and fire protection than it does with normal goods and services. It's something that you can go years without using, but in an instant it can suddenly be a massive bill that you literally cannot say no to. I look at healthcare and can't see how the way we do it now is significantly different than what fire protection would look like if it were privatized.

    There are a few very specific situations where the free market straight up takes a dump. These are natural monopolies (industries where the intitial investment is so high that it's almost automatically a bad business decision to build capacity to compete with an incumbent... think power companies, cable companies, etc), tragedy of the commons situations (where everyone does something that is bad for everyone because everyone else is doing it. In these situations society has to step in and punish people for making those choices for the good of all.), and products whose elasticity of demand is lower than 1 (Price Elasticity of Demand = % Change in Quantity Demanded / % Change in Price for raising or lowering price by one unit) because in those situations the rational choice for a business owner is to raise the price to whatever the customer can actually pay.

    Healthcare is one of the last ones. If a doctor tells me I need to pony up 250k to get a heart surgery that will stop me from dying... I don't care if I have to rob a bank I'm getting him his money and I'm living another however many years. In other words as the doctor raises his price I still need the service and there is no replacement product I could choose instead. That's why healthcare is a bad for-profit business for society. It almost by definition has to be rationed because people have unlimited demand for it and don't care what it costs.
     
  7. freebeertomorrow

    freebeertomorrow Heavy Load Member

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    easy hoss. i don't recall challenging any of your statements regarding wealth inequality. ...perhaps because i was too busy watching fox news.
     
  8. BIGZILLA

    BIGZILLA Heavy Load Member

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    Not all true in the beginning. I got a quote for a catastrophic care policy the year before the ACA for $1675/mo with a $10,000 deductable. I was one of the first 50,000 to get insurance through the ACA. I got a policy through Blue Cross Blue Shield for $624/ mo. and only a $800 deductable. No pre existing conditions was the problem. Only people like me signed, people with serious health problems. They found a cure for Hep C not long after. $84,000 in pills over 3 months. That and 3 surgeries, 5 mri's in 2 years. That you for saving my life Obama at everyone elses expence. That's why premiums went up, tons of people like me with major pre existing conditions took advantage. You can't force insurance companies to accept everyone.
    I was and still am apposed to the ACA. SAVED MY LIFE BUT THAT'S NOT EVERYBODY ELSES RESPONSABILITY!
     
  9. ad356

    ad356 Road Train Member

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    1650 bucks a month. Insane. That's 2x my mortgage. How can anyone with normal means be expected to pay for that. 10,000 deductible why even have it all.

    The big problem I have with most health insurance plans.... the purpose of health insurance is to prevent financial destress with premiums and deductibles like that, it's causing the problem.

    Even $640 per month is way too much. My wife pays $120 every two weeks and we have no deductible.... That's a family plan, soon to be a family of 4.

    What ever happened to insurance anyways. I remember when it was cheap in comparison. Health ins should NOT be more then a mortgage.

    Someone is getting rich and it ain't any of us.
     
  10. kidz bop

    kidz bop Light Load Member

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    inflation goes up and up but wages do not. so in order to keep things balanced and keep there an incentive to work, the government MUST raise wages, or else this country would be 3rd world and no incentive to work.

    not only minimum waged needs to be raised, but also wages of all professions(outside of rich doctors and athletes ect), these wages need to be increased along with inflation aswell. trucking wages are still stuck in the 80s while everything costs alot more now a days.
     
  11. kidz bop

    kidz bop Light Load Member

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    you are looking at it ### backwards. there needs to be more incentive to work more reward, more stimulation of the economy, more people working all good things.

    what's bad is when they don't raise wages, but instead hand out more free money to people who don't deserve money nor are they contributing to society. give more reward to the actual workers who have wages trapped into the 80s while costs of everything have risen. there is little incentive now a days to work. people would rather collect free money and that's 3rd world recipe.

    money dollar value is meaningless, the idea is to get more people working, and in fields that we need them working in. give more reward for the people lving how they should be, giving back to the country via man power. to make america great again.
     
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