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European Recession
Message
From
09/08/2008 18:54:05
 
 
To
09/08/2008 18:49:12
General information
Forum:
Finances
Category:
Articles
Miscellaneous
Thread ID:
01337636
Message ID:
01337843
Views:
9
>>>>>I think it's a pretty strong statement to say there are no poor in America. Aren't something like 12% of Americans living below the poverty line? That is the government's own measure of what it takes to provide the basic necessities like food, shelter, clothing, and utilities.
>>>>
>>>>In one of the presidential election ads I saw today, I learned that 42,000/yr is considered middle income. Really? I would think 50,000 or so would be considered middle income. I guess I'm out of touch. The average income in my city is 38,000/yr so I guess that must be middle income here.
>>>
>>>And the minimal wage should be $19 to be on the same level as when it was previously set, years ago. And today's minimal wage puts one squarely below poverty level - just multiply $6.25 with 2050 (work hours in a year) and you get 12812.50.
>>
>>Is is called "Minimal" or "minimum" over there. My wage has been OK but, can think of it as minimal, compared to my perceived worth.
>>
>>Like you can have an optimum temperature to keep food, or brightness at which to read from a lamp, but when, say, camping, and having to conserve electricity/battery power, and given the ambient temp. (or light level of the sky), there is an optimal temp to keep your fridge/brightness setting of the lamp.
>
>minimum wage... the relevant definition is A lower limit permitted by law or other authority...

Sure, I know the difference, as explained above, and what it's called here. Just didn't seem the kind of mistake (twice) that Dragan (spelling-B) Negllebegglewitch would make.
- Whoever said that women are the weaker sex never tried to wrest the bedclothes off one in the middle of the night
- Worry is the interest you pay, in advance, for a loan that you may never need to take out.
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