Henry Blodget asks why pay people so little?

[gingermeggs]

Thanks for showing your ignorance, Bali is predominately hindu. I've worked in Bali for over a year. This is how I found an outstanding deal on the property my wife and I own there.

Does she call you daddy or pappa san?

 

[Londo_Jowo]

I'm young and in a high demand field with no salary cap. That is yet to be determined.

Agreed. At your age wise investments can have a huge payoff when you hit retirement age.

 

[Londo_Jowo]

Does she call you daddy or pappa san?

???

 

[JSt0rm]

Agreed. At your age wise investments can have a huge payoff when you hit retirement age.

I invest in myself.

 

[MovingTarget]

OK. Federal poverty guidlines put wages at or below $10,890/year. Which, on a full time hourly rate would be $5.25/hour.

Who pays $5.25/hour full time? WalMart pays 160% of that. At least.

Nowadays, nobody. The minimum wage was raised beyond this. However, back when it was still the federal minimum wage, plenty of people did. I worked with several people making that hourly rate, some of them even have children. Its more common than you would think, especially since the economic crash...

 

[Londo_Jowo]

I invest in myself.

I ignored advice in 1983 to invest in Apple. I didn't make that mistake with SanDisk and it's paid off quite to this point.

 

[dmcowen674]

Originally Posted by Throckmorton
Why would you retire to Bali rather than stay in America?

My wife is Indonesian and this is where we've chosen to retire.

Not to mention all our profits will taxed based on her citizenship and be free of US taxes.

Wow

 

[Veliko]

He is retiring to Bali because that is where his supermodel girlfriend wants to live.

 

[Veliko]

I ignored advice in 1983 to invest in Apple. I didn't make that mistake with SanDisk and it's paid off quite to this point.

So all your bullshit about working hard is just that - bullshit.

You listened in on someone elses words and then reaped the rewards of their work.

 

[Londo_Jowo]

So all your bullshit about working hard is just that - bullshit.

You listened in on someone elses words and then reaped the rewards of their work.

Translates to:
Mommy, Mommy life is so unfair. Londo_Jowo served in the US Navy for 12 years and gained skills/experience to land a good job. He worked world wide for 18 years and contributed 15% of his earnings in his 401K while the company he worked for contributed an additional 5%. He also invested in stocks and real estate with his overtime pay and bonuses.

You have every opportunity to do the same, so quit pissing/moaning about life not being fair and get on with your life.

 

[Londo_Jowo]

He is retiring to Bali because that is where his supermodel girlfriend wants to live.

LMAO!!! You're so jealous you have to say something about my wife.

 

[Veliko]

Translates to:
Mommy, Mommy life is so unfair. Londo_Jowo served in the US Navy for 12 years and gained skills/experience to land a good job. He worked world wide for 18 years and contributed 15% of his earnings in his 401K while the company he worked for contributed an additional 5%. He also invested in stocks and real estate with his overtime pay and bonuses.

Of course you did.

You have every opportunity to do the same, so quit pissing/moaning about life not being fair and get on with your life.

And yet again you demonstrate an inability to hold more than thought at once.

You have a job. You post on Anandtech. Therefore you are able to do more than one thing at a time.

Why is it that you don't think someone else is able to do this?

Pointing out the flaws in the system and 'getting on with your life' are not mutually exclusive.

So why do you act as if they are?

 

[Londo_Jowo]

Of course you did.



And yet again you demonstrate an inability to hold more than thought at once.

You have a job. You post on Anandtech. Therefore you are able to do more than one thing at a time.

Why is it that you don't think someone else is able to do this?

Pointing out the flaws in the system and 'getting on with your life' are not mutually exclusive.

So why do you act as if they are?

So what is pissing and moaning about a system you have little chance of changing going to gain you?

More pay? Unlikely
More respect? Also unlikely
Better job? Unlikely as well

 

[Veliko]

So what is pissing and moaning about a system you have little chance of changing going to gain you?

More pay? Unlikely
More respect? Also unlikely
Better job? Unlikely as well

I am starting to wonder if you are autistic.

You are pissing and moaning about the fact that I am pissing and moaning.

Which of those three things is it going to gain you?

Do you understand the purpose of discussion?

 

[Londo_Jowo]

I am starting to wonder if you are autistic.

You are pissing and moaning about the fact that I am pissing and moaning.

Which of those three things is it going to gain you?

Do you understand the purpose of discussion?

I see the purpose now, you want to cry over spilled milk rather than clean it up and get a new glass of milk.

 

[Veliko]

I see the purpose now, you want to cry over spilled milk rather than clean it up and get a new glass of milk.

And so the list of simple, easy questions that you can't provide answers for grows by two.

And you wonder why I have said you are stupid.

 

[Londo_Jowo]

The answer to all your questions is you need to stop crying and make the sacrifices to get ahead because no one is going to do this for you.

 

[Veliko]

The answer to all your questions is you need to stop crying and make the sacrifices to get ahead because no one is going to do this for you.

You are an incredibly stupid person.

 

[Exterous]

Heh, at some yard sales it is about the cost of a hamburger.

So does a microwave. I think listing either one without more context really doesn't tell us much. Neither does the clothes dryer. It depends on where you live. I lived above the poverty line for quite a while before I owned a clothes drywer but I had easy access to landromat or appartment laundry facilities

There are around 4.3 million people in the US who earn minimum wage. 49% of them of are below 24 years old.

http://politicalcalculations.blogspot.com/2011/03/visualizing-characteristics-of-minimum_10.html

Of the 2.2 million that are older than 24 I'm sure a fair percentage have upward mobility so won't be making that much for long. This is another problem that doesn't need solving.

OK. Federal poverty guidlines put wages at or below $10,890/year. Which, on a full time hourly rate would be $5.25/hour.

Who pays $5.25/hour full time? WalMart pays 160% of that. At least.

I remember this lesson from my econ classes. Raising the minimum wage has little effect on the poverty because :
A) If you are working part time and are below the poverty line raising the minimum wage does nothing to increase the hours you work and may actually decrease your hours (Most companies have a set dollar amount budget for scheduling and schedule to that. Increased wages does not mean that dollar amount increases)
B) Most families already make above the minimum wage.
C) Only ~1.3% of the US makes minimum wage or below. The poverty rate is 15%. You are not even helping 10% of those in poverty by raising the minimum wage

 

[Londo_Jowo]

You are an incredibly stupid person.

LMAO!!! More personal attacks.

Have fun wallowing around in your pity party.

Mommy, Mommy.......life is so unfair!!!!!

 

[Veliko]

LMAO!!! More personal attacks.

Have fun wallowing around in your pity party.

Mommy, Mommy.......life is so unfair!!!!!

Pot is calling the kettle black once again.

 

[Londo_Jowo]

Pot is calling the kettle black once again.

The personal attacks are coming from your side.

Understand two things:

1) You're not going to make me angry with your childish behavior, it actually adds humor to my day.

2) You're not going to get the last word

 

[Veliko]

The personal attacks are coming from your side.

Understand two things:

1) You're not going to make me angry with your childish behavior, it actually adds humor to my day.

2) You're not going to get the last word

You have made plenty of personal attacks yourself.

I have already made you angry by pointing out flaws in the system.

Everytime you type 'LMAO' and then put numerous exclamation marks you are being childish.

 

[Londo_Jowo]

You have made plenty of personal attacks yourself.

I have already made you angry by pointing out flaws in the system.

Everytime you type 'LMAO' and then put numerous exclamation marks you are being childish.

You're the only once that's angry here.

The flaws have been in the system before I started working, I chose not to let them hold me back. You prefer to piss and moan over something you will never change.

Every personal attack proves to all that you're still ate up with teenage angst and lashing out at anyone who is successful.

 

[Veliko]

You're the only once that's angry here.

A quick perusal of this thread quickly proves you wrong.

The flaws have been in the system before I started working

Finally! Hallelujah! Did it break your heart to admit to such a thing?

I chose not to let them hold me back.

Oh dear, back to type I fear.

You prefer to piss and moan over something you will never change.

Yup, didn't take long. Back to not being able to hold more than one thought at a time.

Every personal attack proves to all that you're still ate up with teenage angst and lashing out at anyone who is successful.

Pot and kettle and black and kettle and pot and black.