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Tractor Talk Discussion Forum

OT fuel $ vs wage

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MN Bob

10-14-2005 07:50:21




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Looking at the thread below got me thinking. They tell us we are better off now..(?) In 55 Federal Minimum wage went to $1.00 per hour. Now its 5.25. (I know, we all earned different). If gas was .20cents in 55 (I pumped lots at the station) and bouncing from 2.50 to 3.00 now, How are we better off? Shouldn't gas just be about a $1.00 now. If we use the federal standard minimum wage not what we bust our hump for??

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Hoosier Pete

10-14-2005 17:26:16




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 Re: OT fuel $ vs wage in reply to MN Bob, 10-14-2005 07:50:21  
Well, one thing has gone down. Cash price for new crop corn in east central Indiana is $1.60 - $1.64 per bushel.



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MN Bob

10-14-2005 14:35:58




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 Re: OT fuel $ vs wage in reply to MN Bob, 10-14-2005 07:50:21  
Been out hauling black dirt to pay for deisel. Here is a thread to see the FLSA history. Allen you will be pleased to note it started in 38. I was such an innocent then. I guess with heat bills I can't afford to retire.
Link
I know that many have kept up with inflation but it irks me to see a "staple" commodity priced out of control so easily.

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Jim West TN

10-14-2005 12:45:19




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 Re: OT fuel $ vs wage in reply to MN Bob, 10-14-2005 07:50:21  
I guess Allen missed out on 30 years somewhere!!! In 1955 the wage was 75 cents.

Search
U.S. Gov Info / Resources U.S. Gov Info / Resources Federal Hourly Minimum Wage History
Month / Year Minimum
Hourly
Wage October 1938 $0.25 October 1939 $0.30 October 1945 $0.40 January 1950 $0.75 March 1956 $1.00 September 1961 $1.15 September 1963 $1.25 February 1967 $1.40 February 1968 $1.60 May 1974 $2.00 January 1975 $2.10 January 1976 $2.30 January 1978 $2.65 January 1979 $2.90 January 1980 $3.10 January 1981 $3.35 April 1990 $3.80 April 1991 $4.25 October 1996 $4.75 September 1997 $5.15

Source: CNN News

Search
U.S. Gov Info / Resources U.S. Gov Info / Resources Federal Hourly Minimum Wage History
Month / Year Minimum
Hourly
Wage October 1938 $0.25 October 1939 $0.30 October 1945 $0.40 January 1950 $0.75 March 1956 $1.00 September 1961 $1.15 September 1963 $1.25 February 1967 $1.40 February 1968 $1.60 May 1974 $2.00 January 1975 $2.10 January 1976 $2.30 January 1978 $2.65 January 1979 $2.90 January 1980 $3.10 January 1981 $3.35 April 1990 $3.80 April 1991 $4.25 October 1996 $4.75 September 1997 $5.15

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Allan in NE

10-14-2005 14:05:22




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 Re: OT fuel $ vs wage in reply to Jim West TN, 10-14-2005 12:45:19  
Oh Heck,

That doesn't surprise me. :>(

However, I did accomplish something very few have. I entered the Navy right out of the 5th grade ('Course I was 18 years of age at the time). :>)

Allan



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kyhayman

10-14-2005 11:11:41




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 Re: OT fuel $ vs wage in reply to MN Bob, 10-14-2005 07:50:21  
When I started driving in 1983 my first tank was $1.14 a gallon. Was making a whopping $3.00 as a farm hand (except for tobacco work, that paid $8)



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aFORDable

10-14-2005 12:58:22




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 Re: OT fuel $ vs wage in reply to kyhayman, 10-14-2005 11:11:41  
$8 in 83 kyhayman? We only pay $10 for cutting now. You must live in the "high rolling" part of Ky.



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kyhayman

10-14-2005 17:52:47




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 Re: OT fuel $ vs wage in reply to aFORDable, 10-14-2005 12:58:22  
That was the top for barn work, $8 an hour to house and 10 cents a stick to cut. Wages actually held pretty constant around here, started to move up a little in 1990 but started getting in mexicans and that kept a lid on wages for a while. Then it all went to contracts. Last crop I raised (2002) contractor wanted $750 an acre to cut and house plus I had to furnish the tractor driver.



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Jim-bobb

10-14-2005 10:49:06




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 Re: OT fuel $ vs wage in reply to MN Bob, 10-14-2005 07:50:21  
After the US gets control of the Iraq oil fields, at least we will have plenty of gasoline at $3 per gallon. President Bush knows what he is doing plus his oil buddies weren't born yesterday. When the US imports 60-70% of their oil, we do have a problem that would ruin the economy if cheap & plentiful oil is not available to all.

BTW- I am sure before the US went to Iraq promises were made to the French to ensure their $13 billion 'oil broker' investment in Iraq is safe. But, they are still angry as they wanted to broker all the oil.

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Allan in NE

10-14-2005 10:16:56




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 Re: OT fuel $ vs wage in reply to MN Bob, 10-14-2005 07:50:21  
Huh?

I thought the Federal Minimum Wage laws went into effect in the spring of 1968.

Wasn't I payin' attention again????

Allan



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jfp

10-14-2005 11:44:54




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 Re: OT fuel $ vs wage in reply to Allan in NE, 10-14-2005 10:16:56  
That's what I thought. Guess my radio wasn't on when it happened. But then, I was not in a union anyway so it didn't matter.



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jfp

10-14-2005 18:37:36




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 Re: OT fuel $ vs wage in reply to jfp, 10-14-2005 11:44:54  
Now I remember, I was in in the Army, so it really didn't help me.



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JT

10-14-2005 10:00:13




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 Re: OT fuel $ vs wage in reply to MN Bob, 10-14-2005 07:50:21  
in 1976 people had a stroke when gas went for 45.9 to 48.9, then made it to 50.9 cents a gallon, minumum wage I think was 2.85, I think that was what I was making then. 17% of minimum wage.



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tlak

10-14-2005 09:21:27




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 Re: OT fuel $ vs wage in reply to MN Bob, 10-14-2005 07:50:21  
Regardless of stats, facts, and figues, if gas in '55 went from .20 to .60 in 6 months it would have screwed up the economy and your wallet.



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kraigWY

10-14-2005 08:47:39




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 Re: OT fuel $ vs wage in reply to MN Bob, 10-14-2005 07:50:21  
I dont know about the min wage, but in 1969 I was making $1.25 an hour, paying $.229 per gal for gas. Based on my income now, I would have to be paying over $9 a gal. to be paying the same.

But having said that, it appears that spark plugs haven't gone up, it seems they cost the same as they did in 69.



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jfp

10-14-2005 12:02:27




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 Re: OT fuel $ vs wage in reply to kraigWY, 10-14-2005 08:47:39  
I don't know where you live but the plugs have gone up everywhere else. I bought a lot of plugs for 49 cents and now its anywhere from 1.29 to 6 bucks depending on vehicle. They do last longer though. If you ask me , everything has gone up. I used to get a coke, (16oz glass) a candy bar, 2 pieces bubble gum, a bag of peanuts all for 25 cents. Dump the peanuts in the coke and coke was less acid back then. I can't even drink coke now, too much acid.

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Gee......

10-14-2005 09:37:52




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 Re: OT fuel $ vs wage in reply to kraigWY, 10-14-2005 08:47:39  
Lets see, if you were making 1.25/hr with gas at.229 thats about 18% of your hourly wage. For you to be paying the same percentage at 9.00/gal you should bring home about $50.00/hour. That would not affect you nearly as much as the guy making min. wage and paying $9.00/gal.



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RustyFarmall

10-14-2005 08:19:40




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 Re: OT fuel $ vs wage in reply to MN Bob, 10-14-2005 07:50:21  
In 1955 I was just 4 years old, so can't comment on that, but I do know that in 1968-69 gas was still at about 25 to 30 cents a gallon, and I was earning $1.25 per hour bucking hay bales. Somehow the price of a gallon of gas today just doesn't add up.



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cannonball

10-15-2005 03:06:58




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 Re: OT fuel $ vs wage in reply to RustyFarmall, 10-14-2005 08:19:40  
in 1970 i paid 12.9 for gas..filled my car up for less than 2 bucks....min wage was 1.60...now 3.00 gas min wage 5.15...greed is driving this old usa...have nice day may god bless



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Harley

10-14-2005 08:23:08




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 Re: OT fuel $ vs wage in reply to RustyFarmall, 10-14-2005 08:19:40  
Oh let's see, Rusty, in 68-69, gas was 25% of your income, so putting up hay ought to pay about $12.00 hr. now. No wonder they are all using big round bales, and nobody is putting up hay up in your neck of the woods. They can't afford you. Hehehehe, Harley



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RustyFarmall

10-14-2005 08:37:35




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 Re: OT fuel $ vs wage in reply to Harley, 10-14-2005 08:23:08  
I can't do that type of manual labor anyhow so it's a wash.



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huintingreen

10-14-2005 10:14:42




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 Re: OT fuel $ vs wage in reply to RustyFarmall, 10-14-2005 08:37:35  
gas is not the only thing that has gone up.Wheel tax. Income tax, sales tax, license plate fees and a new fee for everything you want to buy through your local or state government. What has gone up the most. Profits of the big oil companies. Who cares? The government sure does not.



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Buster

10-14-2005 10:25:37




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 Re: OT fuel $ vs wage in reply to huintingreen, 10-14-2005 10:14:42  
Oh, don't foget what a bargain auto and home owners insurance is!



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