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I don't think the shift to $15/hr will make as much of an impact as this article theorizes. It's not barely enough to live off but the buying power still isn't
by HelloFellowDevs 8y ago
I don't think the shift to $15/hr will make as much of an impact as this article theorizes. It's not barely enough to live off but the buying power still isn't substantial. So giving workers more 'freedom' because of the hike to $15 won't make much of a debt imo.
- ericd 8y agoIf you go from $12/hr to $15/hr, that might not seem like a large difference, but it might mean going from a net income of -$50/week to +$50/week, which is a massive difference - one means a debt spiral, the other means building savings. Or $20 to $120, 6x the disposable income.