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Hoodieninja on 05 September 2014
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BMaker11 said:
Hoodieninja said:
BMaker11 said:

You are quite wrong, in 1950's the MINIMUM wage was able to provide for a FAMILY. Minimum Wage was enough to be independent. The MINIMUM wage in 1968 is about 11 dollars in Today's money.

The Minimum Wage has more positives than negatives when done correctly.

Doctors also get paid 100k because their education is too expensive.

Ummm.....no. Minimum wage was meant to prevent employers from exploiting their employees. Nothing to do with raising a family. Whatever inferred purpose that came after its inception was just a means of people wanting more money. Minimum wage is a wage for a person, not a family.

http://www.law.cornell.edu/wex/minimum_wage

http://www.econlib.org/library/Enc/MinimumWages.html

And doctors making so much is because of their education expenses? You sure that has nothing to do with it being one of the most difficult jobs, period? That it takes 10+ years of education + rotations, being an understudy, etc. to even be considered for working such a job? That has nothing to do with why doctors get paid so much...it's only to pay for their education. Ok, keep telling yourself that.

You're right that it was indeed for a PERSON, HOWEVER the MINIMUM WAGE was good enough in the 1950's to support a family and ALSO enough for a person to become independent.

exactly 10 plus years, you do realize Doctors also spend years paying off Student Loans and Debts? Actually it's part of the reason why Doctors are so expensive there education is very very expensive, again, they SPEND years sometimes Decades paying off debts.

DO YOU KNOW HOW EXPENSIVE IT IS TO STUDY TO BECOME A DOCTOR?
http://www.cbsnews.com/news/1-million-mistake-becoming-a-doctor/