13 States Will Raise Their Minimum Wage For The New Year
Here are the state and local increases that will go into effect next week:
Arizona: $7.80 to $7.90 Colorado: $7.78 to $8.00 Connecticut: $8.25 to $8.70 Florida: $7.79 to $7.93 Missouri: $7.35 to $7.50 Montana: $7.80 to $7.90 New Jersey: $7.25 to $8.25 New York: $7.25 to $8.00 Ohio: $7.85 to $7.95 Oregon: $8.95 to $9.10 Rhode Island: $7.75 to $8.00 Vermont: $8.60 to $8.73 Washington State: $9.19 to $9.32 Albuquerque, N.M.: $8.50 to $8.60 Bernalillo County, N.M.: $8.00 to $8.50 San Francisco, Calif.: $10.55 to $10.74 San Jose, Calif.: $10.00 to $10.15 SeaTac, Wash.: $9.19 to $15.00
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
The news: One of the complications to using the digital currency bitcoin in everyday transactions is pretty simple: because it's not fiat money, lots of retailers won't accept it. But starting in 2014, you'll have a pretty easy time using your bitcoins to purchase everything from gold chains and Xboxes to microwaves and headphones, given that Overstock.com CEO Patrick Byrne has announced that the site will begin accepting bitcoin payments by the second half of the year — and possibly in as little as the next four months.
"I think we'll pick up market share ... the market share of people who'd prefer to pay in bitcoin, with an honest currency," Byrne told the Los Angeles Times, noting that his choice was "also philosophical, part and parcel with my belief in a limited government — that if you want limited government you can't give it power to expand the monetary base."
Overstock.com has no plans, though, to enter the market in any holding capacity. "We'll want to avoid any currency exposure by converting bitcoins to dollars as soon as they come in," noted Byrne, dashing the possibility that Overstock's stock prices could be hurt in any significant capacity via exposure to Bitcoin's wildly fluctuating prices (ranging from as high as $1,210 and as low as $455) in the past few months).
Byrne says that for retailers, bitcoin is a "chicken and egg problem — there hasn't been a strong reason to use bitcoins because there's not a major retailer who takes them."
Is this the path to making bitcoin legit? Yes and no. The Overstock.com decision is big news in the bitcoin world, and if it pays off, other major retailers will doubtless follow. With the instant conversion model, where the companies aren't exposed to the currency's volatility (essentially keeping the risk of holding bitcoins firmly in the hands of the consumer), there seems to be little downside to accepting digital currency.
But the idea that this is the first step to bitcoin transitioning to the mainstream as a currency is little more than speculative fantasy and more than a little premature. Banks aren't very bullish on bitcoin, trying to steer clear of opening accounts for bitcoin-centric businesses and avoiding recognizing it as a medium of exchange. With wild price fluctuations and limited safeguards (in addition to being prone to theft), it's much more comparable in its current state to a speculative investment than a currency.
Instead, it might be useful to see bitcoin's primary use for mainstream use as a replacement for conventional online payment systems like PayPal. With its ability to instantly transfer wealth across international borders, bitcoin could quickly carve out an important niche in online retail while markets and regulators wait to see how digital currency can evolve into a more stable form.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
San Francisco Rents The Highest Of Any City In Country
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According to a report released this week by the National Low Income Housing Coalition, San Francisco is the most expensive place in the country to rent housing.
The average rent on a two-bedroom property in the the city is $1,905 per month. The report finds that someone would need to make at least $76,000 a year (or $36.63 per hour) to be able to afford rent without spending over one-third of his or her income on rent.
Nice! Box would like SF to be the model for America...Hmmmm...$10.55 Per hour in San Francisco, you only have to work 60 hours per week to pay for necessities.
San Francisco Rents The Highest Of Any City In Country
Nice! Box would like SF to be the model for America...Hmmmm...$10.55 Per hour in San Francisco, you only have to work 60 hours per week to pay for necessities.
The average rent across the U.S. is $1,231 per month, Top 10 highest rent in US cities: 10. San Diego Median one-bedroom apartment: $1,445 Median two-bedroom apartment: $1,795
9. Seattle Median one-bedroom apartment: $1,525 Median two-bedroom apartment: $1,995
8. Miami Median one-bedroom apartment: $1,535 Median two-bedroom apartment: $1,913
7. Oakland, Calif. Median one-bedroom apartment: $1,857 Median two-bedroom apartment: $1,700
6. San Jose, Calif. Median one-bedroom apartment: $1,857 Median two-bedroom apartment: $2,350
5. Los Angeles Median one-bedroom apartment: $1,740 Median two-bedroom apartment: $2,406
4. Washington, D.C. Median one-bedroom apartment: $2,190 Median two-bedroom apartment: $3,110
3. Boston Median one-bedroom apartment: $2,965 Median two-bedroom apartment: $3,505
2. New York Median one-bedroom apartment: $2,950 Median two-bedroom apartment: $3,550
1. San Francisco Median one-bedroom apartment: $2,898 Median two-bedroom apartment: $3,930
July 15, 2013, CBS Money Watch
For every 5000 a month appt there is one 3000 a month.
For every 6000 a month appt, there is one 2000 a month appt
The MEDIAN is the middle... with half of the housing above this price and half of it below.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Yes, I agree, the median measures the middle, that's why the article I posted measured the AVERAGE or the MEAN.
Brush up on your arithmetic terminology.
Try to be honest box...
Cissy. You posted average. Thank you. I then posted median, which is different than average. I didn't realize that you would consider more information on the subject to somehow be "dishonest".
I'm sure that if you try you can keep the two terms straight.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
If the median for a 2 bedroom in SF is $3930 and the average is $1905, it would seem that income inequality in SF is pretty wide, since the bottom 50% must be well below $3930 in order to average out to the $1905.
SAN FRANCISCO IS THE POSTER CHILD FOR INCOME INEQUALITY
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Income inequality metrics aim to describe inequalities in the distribution of income in a specific population. Some measures like the Gini coefficient are measures based on the entire distribution of income and others capture relative differences in incomes at specific points in the distribution or between different populations. The tables and charts above illustrate income inequality in San Francisco compared to California and the United States by population quintile, by ethnicity, and by household type from 2006 to 2010. The fourth table presents income inequality by Gini Coefficient and the 80/20 percentile ratio for the nine Bay Area counties during the same time period.
All four charts illustrate that there is significant income inequality among San Francisco residents. The Bay Area, and San Francisco County in particular, have some of the highest income disparities in the state of California.
The first chart and table show the average income for the populations of San Francisco, California and the United States by quintile, or fifth of the population. The quintile with the highest income in San Francisco earns 22.6 times more than the quintile with the lowest income. By comparison, the highest quintile in California and the United States earns 15 times more than the lowest quintile in California and the United States respectively.
Although the median income and the second, third, fourth and highest quintiles of household income are lower in California than in San Francisco, the household income of the lowest quintile of San Franciscans is less than the household income of the lowest quintile of Californians. This would suggest that very low income people in San Francisco are poorer on average than very low income people in California generally, even though household incomes for all other income quintiles are higher on average in San Francisco than in California.
The significant disparity between high and low income earners is further affirmed by the Gini Coefficient and the 80/20 percentile ratio in the fourth table (See methods section below for description of these two measures). The Gini Coefficient in San Francisco (0.51) is higher than all other eight Bay Area counties, suggesting greater income inequality in San Francisco. By comparison, the Gini Coefficient for Los Angeles is 0.48 and for the US as a whole is 0.47.
The San Francisco household with earnings at the 80th percentile earns over 6.4 times more than the household at the 20th percentile ($151,519 vs. $23,739). These estimates represent an increase in income inequality since 2000, when the Gini Coefficient for San Francisco was 0.44, for Los Angeles was 0.39 and for the US as a whole was 0.41; and the 80th percentile SF household earnings were 5.4 times more than households at the 20th percentile ($114,119 vs. $21,175).
And if the SF minimum wage were lower, their income inequity would be even worse!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Americans Support Extension Of Unemployment Benefits... GOP Does Not!
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By a strong 21-point margin, voters say Congress should act to maintain (55%) rather than cut off (34%) these benefits.
There is also more intensity of feeling on the side favoring an extension. More than twice as many voters strongly favor maintaining benefits (43%) as strongly feel benefits should end (21%). Among women who feel strongly about the issue, the ratio is nearly three-to-one for an extension (49% to 17%).
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Most Americans Reject the Rand Paul View: Americans support federal benefits because they reject the claim that unemployed workers are not trying to find work. Just 33% of voters agree that most of those receiving unemployment benefits “are not trying to find a job, and prefer to collect benefits without working.” Instead, 57% say that the unemployed “would rather work, but cannot find a job in today’s economy.”
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~ Seniors (age 65 and over) favor an extension (61% to 31%) more than any other age group, including 52% strongly in favor. ~ White non-college voters favor an extension by 15 points (52% to 37%). ~ White women favor maintaining benefits by 20 points (53% to 33%).
(Hart Research)
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
In our parks there are signs to not feed the animals because they become dependent on humans for food and won't forage for it themselves, same can be said of humans.
In our parks there are signs to not feed the animals because they become dependent on humans for food and won't forage for it themselves, same can be said of humans.
Shadow considers the countries poor to be 'animals'.
IMO, most of America's unemployed are looking for a job and to get on with their life.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
The average rent across the U.S. is $1,231 per month, Top 10 highest rent in US cities: 10. San Diego Median one-bedroom apartment: $1,445 Median two-bedroom apartment: $1,795
9. Seattle Median one-bedroom apartment: $1,525 Median two-bedroom apartment: $1,995
8. Miami Median one-bedroom apartment: $1,535 Median two-bedroom apartment: $1,913
7. Oakland, Calif. Median one-bedroom apartment: $1,857 Median two-bedroom apartment: $1,700
6. San Jose, Calif. Median one-bedroom apartment: $1,857 Median two-bedroom apartment: $2,350
5. Los Angeles Median one-bedroom apartment: $1,740 Median two-bedroom apartment: $2,406
4. Washington, D.C. Median one-bedroom apartment: $2,190 Median two-bedroom apartment: $3,110
3. Boston Median one-bedroom apartment: $2,965 Median two-bedroom apartment: $3,505
2. New York Median one-bedroom apartment: $2,950 Median two-bedroom apartment: $3,550
1. San Francisco Median one-bedroom apartment: $2,898 Median two-bedroom apartment: $3,930
July 15, 2013, CBS Money Watch
For every 5000 a month appt there is one 3000 a month.
For every 6000 a month appt, there is one 2000 a month appt
The MEDIAN is the middle... with half of the housing above this price and half of it below.
and THAT'S why minimum wage increase fixes NOTHING......they are still at the bottom....
those who control the land control the masses those who control the food control the masses those who control the water control the masses etc etc etc......
a minimum wage increase is a DOG BONE......it fixes NOTHING........
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
And if the SF minimum wage were lower, their income inequity would be even worse!
NO. they would have less folks making enough to afford the rent so the rent price would have to go down or they become SCHENECTADY where the government is in the subsidy business thinking it's short term when in fact it becomes long term and the prices remain 'government fixed' regardless of the minimum wage....AGAIN:
THOSE WHO CONTROL THE LAND CONTROL THE MASSES THOSE WHO CONTROL THE WATER CONTROL THE MASSES THOSE WHO CONTROL THE FOOD CONTROL THE MASSES ETC ETC ETC....
what a GREAT machine it is....out there just helping and propping everyone up.....in a reasonable sense of value of course.
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
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