$104,000,000,000 per year.
In August the Senate failed to pass a bill to increase the minimum wage from the measly $5.15 to $7.25 per hour over the course of 3 years (albeit was coupled w/estate tax cut, so, a stupid political bill anyway).
$104 billion per year = 6,896,551 people paid an annual salary of $15,080 ($7.25 per hour).
$104 billion per year = 8,547,008 people paid an annual salary of $12,168 ($5.85 per hour - what the min wage increase would have been in the 1st year of enactment).
If you want to be more elite, $104B could be
- 7 million more scholarships to universities
- $5.2 million more funding to each of 20,000 public high schools
- money spent finding a cure for cancer.
i'm just sayin...
and i won't go into calculations for the $300,000,000,000 that has already been spent.
i also like writing out all the zeroes, because they stare at me mockingly as i hear my ringtone in the background - yeah, it's all about the benjamins, baby.
2 comments:
Once again you and I seem to be on the same lambda (wavelength for all you non-physics people).
It's called opportunity cost, for your economics people. The government, by its decision making, is stating that it is more important to kill Iraquis (and afgans and saudis...and americans for that matter) than it is to eliminate the deficit, or pay for education, or raise the minimum wage (although I'm not convinced about that one).
And if I may step back to your previous post...
I hope Barack Obama gets the democratic nomination for president. He's speaking my language.
you are such a physics dork. not saying i have room to talk, but at least i don't throw in "1040" to my blogs to describe how i feel.
not sure i'm convinced about min wage either, but it seems inhumane not to, and it's been a while.. i mean, i still remember making $5.50 at fuddruckers and thinking, well damn, if i order a hamburger, that's erasing an hour's worth of giving free cookies to little guiltless, ungrateful kids! UNfair!
Post a Comment