I'm sorry that you took a pay cut but guess what? so did most people in the US. Tax cuts for the rich didn't get us here. Overspending and not watching ALL of our elected officials on BOTH parties involved is how America came to be this way. I took a 2/3 pay cut and had to change out my lifestyle some but not much. I don't teeter on the edge of my budget and had plenty stowed away for a rainy day instead of living paycheck to paycheck. I will say that being debt free helped out but i honestly got out of debt while being in the middle of the first of 3 layoffs in the last 3 years. I'm sick and tired of the boohooing from everyone that "I can't find a decent wage waaaahhhhhhhh!!!!!" You know what I did? I put on a suit and went out for a week until i found a job. Honestly I am 25 and have my stuff together regardless of what ANY politician does to the economy I make my own honest wage by dictating my work. If times are down and even retail is not cutting it hours or pay wise if i got laid off again i would honestly go put my own 2 hands to work like they did back in the day and MAKE some money. Not complain that the wages aren't fair...... In conclusion go suck a lemon since your such a sourpuss.
P.S. I have no college degree but honestly I think it would have held me back.
i agree with you for the most part, i am throwing a bit of a pity party but i think you are missing the point.
i know it is normal to start a little lower at a new job. before this, i left a 14.75 job and took a 13 job. before that, i left a 14-ish job (commission) for a 12 job. i have no problem working my way up and will do the same with this job. but my last job was 19.50 with full benefits, and this one is 10 or 10.50 with none.
i can get by just fine on 40 hours a week, $10 per hour. especially with a little side income like i have. and the job market is rough, no problem, i can cope.
the point is this: it should be glaringly apparent to even the biggest dolt that extending the 4.6% lower tax rate for the 3 or 4 owners the the very top of the company i'll work for simply does not trickle down to the 40 or so employees working there. they pocket the money and take advantage of the market created by other recipients of the 4.6% lower tax rate to hire people at lower wages.
they have every right to do so, and it is the 'smart' thing to do, from a purely economic standpoint.
but why so many people would delude themselves into believing that these tax cuts are needed, after ten years of shrinking wages and zero net job growth, is beyond me. lower taxes are good, but if that is all that one thinks is the matter, it will eventually lead to 0% taxes. not sure how that would work, but i wouldn't like to be around to see it.
/rant concerning supply side economics
