How much more than New York's minimum wage do you get paid?

[regexcellent]

I know you find the concept of humanity a strange and alien one, but market forces don't actually drive everyone's decision making.

Their loss, because market forces do decide what you get paid, and complaining about it is like complaining about the tide.

[C0ckney]

Their loss, because market forces do decide what you get paid

that's not true in a lot of cases. see for example the minimum wage or providing services that have professional licensing requirements, or other sectors where workers have either legal protection or enough power to ensure that the price of their labour does not fall below a certain amount.

[Jon Miller]

because cultural forces do decide what you get paid

Fixed that for you.

JM

[Al B. Sure!]

I question the efficiency of market forces in employment. There's a lot of reasons why someone would be paid over or under their prevailing market wage such as skill at negotiation, recruiting and hiring inefficiencies, etc. Your initial salary is settled before even a day's work. There's no way any given new hire's salary reflects their actual value on the market, unless they had the luxury of being offered multiple positions with different firms simultaneously. Most likely, they accepted one of the first offers they received.

Fact of the matter is with fewer people staying in one position or with one company for more than two years, the initial hire salary is usually the foundation for salaries, with raises coinciding with this amount that doesn't reflect the market rate (due to lack of pricing iterations of the formerly unemployed apprising offers) or the value added to the firm.

[pchang]

Accountant: $36,400
2018 New York City minimum wage (at full time): $31,200

Comparing pay now with some other pay in the future is not that valid. People will get raises between now and 2018, especially in NYC as the new minimum starts to come into effect.

[pchang]

Assistant professor in Chile (with the strongest dollar since ~2002, 680 clp per usd instead of the 490 clp per usd when I was hired) and I still make ~60k USD.

And I may have to find a new job because the pay is too low.

JM

Then you must live in a very high cost area. You make more than the median household income in many parts of the USA.

[pchang]

that's not true in a lot of cases. see for example the minimum wage or providing services that have professional licensing requirements, or other sectors where workers have either legal protection or enough power to ensure that the price of their labour does not fall below a certain amount.

Some would argue that licensing requirements, legal protections, and bargaining power are all part of market forces.

[pchang]

I question the efficiency of market forces in employment. There's a lot of reasons why someone would be paid over or under their prevailing market wage such as skill at negotiation, recruiting and hiring inefficiencies, etc. Your initial salary is settled before even a day's work. There's no way any given new hire's salary reflects their actual value on the market, unless they had the luxury of being offered multiple positions with different firms simultaneously. Most likely, they accepted one of the first offers they received.

Fact of the matter is with fewer people staying in one position or with one company for more than two years, the initial hire salary is usually the foundation for salaries, with raises coinciding with this amount that doesn't reflect the market rate (due to lack of pricing iterations of the formerly unemployed apprising offers) or the value added to the firm.

Knowledge is power. At the least, we are all labor unions of one member.

[Jon Miller]

Then you must live in a very high cost area. You make more than the median household income in many parts of the USA.

It is more that my family lives in South Africa and the US, which require high cost vacations; and I still have large student loans.

Not including these needs my income is upper middle class or better in Chile (modern 2 bedroom apartment rent is 500 USD per month, CPI (relative to NY) not including rent is ~45).

JM

[pchang]

It is more that my family lives in South Africa and the US, which require high cost vacations; and I still have large student loans.

Not including these needs my income is upper middle class.

JM

Skype is your friend

[C0ckney]

Some would argue that licensing requirements, legal protections, and bargaining power are all part of market forces.

well if by markets forces you mean anything that affects the market in some way, then i suppose. however, i don't think that's what most people mean when they use it; i certainly don't think that's what reg meant.

[Jon Miller]

Skype is your friend

That works to an extant, but I think you still need a physical visit at least once every 2 years.

JM

[pchang]

That works to an extant, but I think you still need a physical visit at least once every 2 years.

JM

In that case you are going to need to supplement your income. Write a textbook. Then, require it for your classes.

[Al B. Sure!]

Though, in addition, as some one who tends to get fast food (I don't like bringing a lunch to work), I don't think I've seen a teenager work at a fast food restaurant in a pretty long time.

When do you work? If you don't see teenagers working at fast food places 9 months of the year at a normal 1100-1300 lunch time, there's a very reasonable explanation which I'll let you figure out.

I was a manager at Checkers for several years and about 85% of our crew were under 25. The weekday afterschool/dinner and weekend shifts were almost entirely 18 and under. The 18-25 year olds did the weekday mornings and overnights.

To be frank, most of those few over 25 were the worst employees. Incompetent, lazy, tardy, criminal records, mentally handicapped, etc. What made it worse was they would think their age entitled them to something. Yes, I'm giving your hours to the 17 year old off for the summer because a damn teenager is worth three of you!

[giblets]

This is the first thing I found googling "Checkers":



Yeahhhh that might be the bottom of the barrel as far as fast food joints go