2 ms·

The minimum wage for exempt employees in NYC is $675 per week, so for two people that's $70,200. https://labor.ny.gov/legal/counsel/pdf/administrative-employee

The minimum wage for exempt employees in NYC is $675 per week, so for two people that's $70,200. https://labor.ny.gov/legal/counsel/pdf/administrative-employee-overtime-exemption-frequently-asked-questions.pdf https://labor.ny.gov/legal/counsel/pdf/administrative-employ... (If you take outside funding for your startup, that's going to be the minimum you're allowed to pay yourself, and statistically it's unlikely that your spouse is going to be making less than that.)

bskap 11y ago
That's the minimum wage where your employer doesn't have to pay overtime if you work more than 40 hours a week, not the minimum wage an employer is allowed to pay you. It seems kind of silly to say "sure, you can afford a decent lifestyle as long as you have two well-paying jobs".
- __derek__ 11y ago
  We're talking about technology start-up hubs. Like it or not, this is the relevant comparison population. People creating those companies and their partners are unlikely to be working hourly minimum wage jobs.