Diversions, Distractions & Detours

I was so excited – my first day at my first “real” job. “Real” being defined as a job where I had to clock in and out and I was allocated 15 minute breaks and 30 minute lunches. The first male cashier at a small town, c-rated department store. The office manager could work a register like Data from Star Trek. But I dreaded going into her office. This was the early 80’s when smoking in offices was still tolerated. She had that harsh smokers voice and huge hairy moles on her chin. Going to see her in the office was never for a pleasant reason plus I would have to air out my clothes after even walking by her desk. Day one, she beamed while telling me that I would earn the minimum wage of $3.15 per hour, which if I remember correctly, was recently increased from $3.05. Shortly thereafter, I learned the harsh realities of income tax and deductions. In the end, I worked my shifts constantly calculating how many hours I needed to work to go to a movie or buy a pair of Stan Smiths. January 1, 2018, it is proposed that the minimum wage in Ontario increases to $15 per hour. On first blush, I thought “wow, what a windfall”. It has been years since I had the need to calculate CAGR, but did so today. This recently proposed increase in minimum wage would produce a CAGR of approximately 4.5% since my first day of work. Adjust for inflation, and the CAGR is barely positive. My eldest will start his first job soon. I am interested in his reaction to minimum wage. At least smoking isn’t allowed in offices any longer. So I guess he has that.

 

Diversions Distractions & Detours