If you are not watching the Sochi Olympics (congrats of 2 Americans with Gold in Snowboarding and NO the “flying tomato” is not one of them) then you have either watched the mind numbing crap they call reality TV….or you watched the news…..and I use the term loosely….nothing I saw on the tube was interesting enough to keep my attention…..with that said…let’s talk about something that will be tossed around the web in the next month or so……MINIMUM WAGE!

I know that economics is NO one’s fave topic……most Americans have NO idea what the science is all about other than how much they have to spend on the essentials like food, shelter, utilities, etc……but I apologize if this bores you….but somethings needed to be talked about….and economics is one of those subjects.

There has been so much chatter about the minimum wage…..some want to see a rise in it and others spin it as a jobs killer and a small business killer……all that is just ducky….but if you are having to work for minimum then it is a different story…..those against it are millionaires or just plain STUPID!

From an purely economic perspective……a rise in the minimum will do well for the economy….but of course that is NOT good enough for it to happen….there will be an endless debate, especially by idiots that dash to the nearest camera, on the pros and cons……

I read a report a few days ago that stated that a minimum wage worker would have to work an hour to afford a couple of Starbucks……and that got me to thinking…..most of us working stiffs enjoy a cold one after work…..so after a little research I found a piece along those lines…….

For a minimum-wage worker in Bangladesh, grabbing a cold one after work amounts to a serious investment. To afford a beer, that employee must toil for 13.4 hours, according to an analysis by Quartz. The report compares the price of a half-liter of beer in a country’s bars with that country’s minimum wage. Among the results:

• Beer-seekers will have the hardest time in Georgia, where it takes 15.1 hours of minimum-wage work to earn a drink.
• Puerto Rico is at the opposite end of the spectrum: Work for 12 minutes on minimum wage, and you can pay for a beer.

• US workers have to work for twice as long as those in Puerto Rico; at 24 minutes, the US rate matches those of Canada, Spain, Taiwan, Germany, and Japan, among others.
• After Georgia and Bangladesh, the countries facing the most work per beer are Libya (7.5 hours) and Ethiopia (6.6 hours).
• Luxembourg, Australia, and Cyprus are runners-up for the briefest periods of toil, at 18 minutes per beer.

There you have the break down.  NO wonder Aussie like their brew.

Anything to add?