Minimum Wage Increase Impact/Effect

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This was a very inspirational video for me when I saw this you tube video several years ago.

Steve Jobs talks about three things at his commencement speech at Stanford.

#1 is Connecting the dots. "You cannot see how the dot are connected when you are looking forward but only can see how all the dots have connected looking back at your life. - "I love this quote"

#2 Love and Loss. "You must be passionate about what you do. Otherwise, any sane person will simply give up."

#3 Death. "If you live each day as if it your last, someday you will certainly be right.

I am a strong believer of setting worthwhile goals both short term and long term, chasing your dreams, and having passion for life and what you do.

[youtube]UF8uR6Z6KLc[/youtube]
 
At AW - I paid my dues my first 6 years of my career at the big four. That is where I worked the most. At each company I've had high profile projects that I led that went well (Oracle ERP implementation, etc) that helped establish my reputation and ability. I'm not saying I have not worked hard because I have I'm just saying there are more talented people out there than me that have not had the success that I have so luck has to be play some part.
 
AW said:
Boy, this thread sure went way off tangent
+1  I was thinking the same.  Took a wrong turn at Yuma 7 pages ago and kept on going.

My $.02:  Government policies are long on both good intentions and unintended consequences.  We can debate our opinions on how good a move this is, but historical parallels say this won't end up all good......though me personally, I'm going to raise the asking rent of my place in the blue collar hood by $200/month. 
 
Qwerty, Yeah, I don't think the route you took is considered luck, I'm sure where you are now might be better than others who are smarter, more talented or more hard working, but there is some intrinsic value you bring (as well as some "luck"/good fortune/great timing), it's not like you were to be a gardener...
 
Agree that this has the right intentions but it's the wrong way to go

There's a portion of minimum wage workers that aren't looking to support a family. You have high school kids, college students, interns, etc. You are effectively putting their jobs at risk by forcing min wage hikes. FYI both of my internships were min wage, I definitely didn't deserve more than that, and I never would have gotten my full time without them.

For the other group of min wage workers struggling to get by, there should be more work done for affordable housing and healthcare and all the basic social needs. Raising min wage will force companies to reduce the workforce or increase the cost of goods. Either way this comes back to impact the lower/middle class.
 
AW said:
Qwerty, Yeah, I don't think the route you took is considered luck, I'm sure where you are now might be better than others who are smarter, more talented or more hard working, but there is some intrinsic value you bring (as well as some "luck"/good fortune/great timing), it's not like you were to be a gardener...

He would be if no big 4 exp. (just kidding)
 
I've never met Qwerty in person, but have read his posts on and off for the past 8 years. From what I know of him, he is self-made. He bought his house in Tustin with his own hard work and sweat equity without any parental help. Qwerty was probably raised in middle to lower-middle class family and achieved a lot more financial success than his parents. His father didn't seem to be the best role model figure for him and he passed away before he could see his son climb the ranks in Corporate America. Qwerty put himself through college at USC with an accounting degree and busted his butt at the top four accounting firm for 6 years to where he is today. I would say Qwerty is definitely a success story coming from his background.

Now the only thing I don't like about Qwerty is that is he is kinda perverted when it comes to talking about women. :)   
 
Panda - it's like you know me :-)

I was raised in a low income family. My dad had a fifth grade education and mom was third grade. My dad was a laborer, all the back breaking work literally ruined his back. He had back surgery at 51 and was disabled since then. For the next 28 years of his life he had back problems. He could still walk and get around but couldn't lift anything heavy, couldn't sit in the same location for very long, he would lie down in the living room since that is what relieved the pain. He was actually a very smart man, that is where I got whatever brains I have now. His hard work didn't translate into much. 

I am self made, I'm a success story any way you slice it, achieving what I have, coming from a Mexican family that doesn't put the same value on education as Asians/Indians/whites, I would say makes it even more impressive. When I was in high school I told my friends I would write a book one day on how to make it in America.

Maybe one day you will be recommending my book one day :-)

There are many successful people on this board, you are one of them, what you have going in johns creek sounds great, I admire people who take risks, I'm relatively conservative although I do gamble on stocks. But I've never had the courage to start my own thing like you or Paris or R2D

I'm sure there are very similar stories to mine from people here, but I think we lose sight that most of us are the exceptions to the rule. We should not forget about the less fortunate. I'm not sure if this law will do any good but I hope so.

Almost forgot - all men are perverted when it comes to women, I just say what others are thinking :-)
 
qwerty said:
Panda - it's like you know me :-)

I was raised in a low income family. My dad had a fifth grade education and mom was third grade. My dad was a laborer, all the back breaking work literally ruined his back. He had back surgery at 51 and was disabled since then. For the next 28 years of his life he had back problems. He could still walk and get around but couldn't lift anything heavy, couldn't sit in the same location for very long, he would lie down in the living room since that is what relieved the pain. He was actually a very smart man, that is where I got whatever brains I have now. His hard work didn't translate into much. 

I am self made, I'm a success story any way you slice it, achieving what I have, coming from a Mexican family that doesn't put the same value on education as Asians/Indians/whites, I would say makes it even more impressive. When I was in high school I told my friends I would write a book one day on how to make it in America.

Maybe one day you will be recommending my book one day :-)

There are many successful people on this board, you are one of them, what you have going in johns creek sounds great, I admire people who take risks, I'm relatively conservative although I do gamble on stocks. But I've never had the courage to start my own thing like you or Paris or R2D

I'm sure there are very similar stories to mine from people here, but I think we lose sight that most of us are the exceptions to the rule. We should not forget about the less fortunate. I'm not sure if this law will do any good but I hope so.

Almost forgot - all men are perverted when it comes to women, I just say what others are thinking :-)

#lovefest
 
qwerty said:
I am self made, I'm a success story any way you slice it, achieving what I have, coming from a Mexican family that doesn't put the same value on education as Asians/Indians/whites, I would say makes it even more impressive. When I was in high school I told my friends I would write a book one day on how to make it in America.

Hit the breaks. Hold up. Not to burst your bubble. Your not the only Mexican that made it. There are many Mexicans that graduated college and has a decent career.

Let me give you an example. My previous coworker has almost the same background as you. But one big difference he never talked about his race when I worked with him at the client, and went out to lunch. He worked hard, knew his fasb or shall I say ASC, and acted like the rest of us working crazy hours.
 
Eye phone - I am aware that many Mexicans have graduated college and have had decent careers. I went to school with many of them. The key word is decent career. I would rate my career as a tad bit better than decent. And you are right, no one on an Internet board is going to burst my bubble :-)

Not sure what you are referring to as a big difference between me and your friend and him not mentioning his race. The only reason I mention my race is because with the exception of a couple of people I don't know any of you on this board and so I think it would be helpful to mention it so you know my background. In the real world I don't walk around telling everyone I'm Mexican
 
Panda said:
I've never met Qwerty in person, but have read his posts on and off for the past 8 years. From what I know of him, he is self-made. He bought his house in Tustin with his own hard work and sweat equity without any parental help. Qwerty was probably raised in middle to lower-middle class family and achieved a lot more financial success than his parents. His father didn't seem to be the best role model figure for him and he passed away before he could see his son climb the ranks in Corporate America. Qwerty put himself through college at USC with an accounting degree and busted his butt at the top four accounting firm for 6 years to where he is today. I would say Qwerty is definitely a success story coming from his background.

Now the only thing I don't like about Qwerty is that is he is kinda perverted when it comes to talking about women. :) 

wow qwerty, your background (except for the Mexican part) is so similar to my husband's background down to the USC Leventhal degree and the time spent at a big 4. Anyway I understand your beliefs about "luck". I like to call them life "opportunities". But it takes someone to 1) realize the opportunity in front of them and 2) Make the best of that opportunity. You think that the projects you were presented with in your career are just by chance, by pure luck? I think you were given those opportunities because someone recognized a combination of intelligence, skill etc that made them think you were the best to handle them. My husband is similarly in corporate america and of course there are more intelligent people, more hard working people in his company. But he gets better opportunities because he holds a combination of skills in leadership, critical thinking, intelligence that sets him up to be a better candidate to be given those opportunities. And ESP in Corporate America it's the relationships with the "right people" that provide him with those opportunities - and creating those "right relationships" is the smarter way to get ahead. But that doesn't happen "by chance" - there is a certain amount of strategic thinking that leads one to make the "right connections" in life.

It's not always JUST hard work that brings people success. I think it's a combination of opportunity, hard work and critical thinking skills. It's also about realizing your strengths and playing on those strengths to get ahead. To be successful you have to be passionate about what you do, work hard at it, have a specific focus, be okay with pushing yourself out of the comfort zone, know when and how to collaborate, be innovative and be okay with failure. There's not just one way, it's a formula.

Personally for me I believe more in creating my own destiny. I may have bumps in the road, lucky and unlucky moments that may deter me. But with specific goals ahead I will figure out some way to get to where I want to go and enjoy the road in between. I think life is too short to be on a hamster wheel and be stuck in something you aren't passionate about.  And those people stuck in minimum wage positions often don't realize the many opportunities presented to them and don't envision a better life for themselves. They find themselves stuck on that hamster wheel of a minimum wage life that often comes with many hardships.
 
The first rule of good fortune is preparation.

The second rule is its still luck.  Whether it's grabbing one of 94 spots out of 10,000 highly qualified applicants for medical school or one of the 2000 admission out of 37,000 to Harvard, the difference boils repeatedly down to luck.  Are some less qualified, sure, but the majority of them are equally qualified.

The difference can be as simple the someone messing up the interviewers coffee bar order that morning to a complex as they've seen someone else very much like the candidate or as unfortunate as some other idiot ran a red light and hit the interviewee on the way to interview.

The hard work and preparation is the cost of admission to the batters box, the self determination is the will and follow through to swing the bat, the luck is whether your facing Nolan Ryan in his prime or just an average pitcher.

 
nosuchreality said:
The first rule of good fortune is preparation.

The second rule is its still luck.  Whether it's grabbing one of 94 spots out of 10,000 highly qualified applicants for medical school or one of the 2000 admission out of 37,000 to Harvard, the difference boils repeatedly down to luck.  Are some less qualified, sure, but the majority of them are equally qualified.

The difference can be as simple the someone messing up the interviewers coffee bar order that morning to a complex as they've seen someone else very much like the candidate or as unfortunate as some other idiot ran a red light and hit the interviewee on the way to interview.

The hard work and preparation is the cost of admission to the batters box, the self determination is the will and follow through to swing the bat, the luck is whether your facing Nolan Ryan in his prime or just an average pitcher.

Also need to add natural talent and upbringing to luck...those are not things that you earn or achieve. 

Look at a guy like Trump...the guy is basically a hustler.  He has a lot self-confidence and ego but if he wasn't born into the Trump name/family, he would just be a small time con-artist.

Birth lottery!
 
Well, there are certainly things beyond our control, but hard work, ethics, pursuing goals are within our control.

No point playing the comparison game, we're all under the bell curve here, the people on the extreme ends won't be here on TI.

There are always rags to riches story, I mean look at Tom Vu, came here with nothing and then he's driving a rolls convertible and hanging with babes on his yatch, oh wait...
 
AW said:
Well, there are certainly things beyond our control, but hard work, ethics, pursuing goals are within our control.

No point playing the comparison game, we're all under the bell curve here, the people on the extreme ends won't be here on TI.

There are always rags to riches story, I mean look at Tom Vu, came here with nothing and then he's driving a rolls convertible and hanging with babes on his yatch, oh wait...

Dollar Dollar bills!

vu_yacht_3.jpg
 
nosuchreality said:
The first rule of good fortune is preparation.

The second rule is its still luck.  Whether it's grabbing one of 94 spots out of 10,000 highly qualified applicants for medical school or one of the 2000 admission out of 37,000 to Harvard, the difference boils repeatedly down to luck.  Are some less qualified, sure, but the majority of them are equally qualified.

The difference can be as simple the someone messing up the interviewers coffee bar order that morning to a complex as they've seen someone else very much like the candidate or as unfortunate as some other idiot ran a red light and hit the interviewee on the way to interview.

The hard work and preparation is the cost of admission to the batters box, the self determination is the will and follow through to swing the bat, the luck is whether your facing Nolan Ryan in his prime or just an average pitcher.

One of the reasons for avoid such a bias is having committees making decisions, be it a admissions committee or a jury in a trial. Do we still have situations when multiple people will have a bad day? Possible, but in that case most likely there are other factors at work.

One factor that possibly boils down to luck is where one is born. Someone born in the US is luckier than someone born in Western Africa. Someone born to a rich family will most likely have better opportunities than someone born to the poor.
 
qwerty said:
I have always been a believer that luck plays a big part in ones success. Hard work allows you to take advantage of that luck when it strikes. I always joke with my wife that I don't fall down, I only fall up. Every company I have worked for has printed money, which has meant generous pay packages and a good working environment. Last summer I decided I was going to leave my company with our second child on the way. I thought I was going to take a paycut coming to Orange County. Within a month of me deciding to leave I got calls from two recruiters, got two offers, one for essentially the same money and one for actually more money. What were the chances of that? And the cherry on top was that timing worked out where I got my bonus, my equity vested and then I gave my two week notice. If that's not luck I don't know what is.

Bingo.  I always say...it's always better to be lucky than good.  Despite having my real estate license, if someone would have told me 10 years ago that I would become a realtor I would have thought there were nuts.  I'm the type that works smarter, not harder.  I remember my dad used to always tell me after coming to the US from Poland when I was little...."if you want something bad enough, go out there and get it because you are your own boss."  I guess he said it so many times to me that it stuck.
 
Isn't luck just timing and opportunity?

And you need to be smart enough to recognize when that happens.

Is setting a minimum wage even constitutional?

Which amendment says the government has the right to tell us how much we can earn?
 
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