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I think innovation based on providing minimum wage jobs is not much of innovation, it is a story as old as humanity. The case is even worse for the low salaried

I think innovation based on providing minimum wage jobs is not much of innovation, it is a story as old as humanity. The case is even worse for the low salaried work force of the gig economy where a job no longer even qualifies you for 'job' benefits. If you think other regions aren't producing value in the tech ecosystem, nationalism is getting in the way of your eye.

credit_guy 6y ago
> minimum wage jobs Amazon wages are $15/h or more, more than double the Federal minimum wage of $7.25/h.
- robert_foss 6y ago
  Would you be able to make a living on 15eur/m? If you live in America I would sincerely like to know the answer.
  - curryst 6y ago
    Perspectives vary. That's what I made on my first job out of college in one of the bigger cities in the Midwest (not Chicago). It was fine for that. I didn't have extravagant tastes, but I didn't penny pinch. I had enough room in my budget that I could have saved probably a few hundred dollars a month. It's worth calling out that my car was paid off (and a Prius so gas/insurance was cheap), and my rent was really low ($300 a month because of arrangement with the landlord). Work also covered almost all of my insurance, which I think is unusual for jobs in those range. If those things weren't true, I probably would have saved little or nothing unless I started cutting back and focusing on buying cheap food to eat instead of just being happy with cooking instead of eating out. Home ownership is possible if you save for years, or if you can get a grant to help with the downpayment (had a friend who did that). It's not pleassant, but it's doable imo. I don't think you could have a family on a single $15/hr income. Even at 2 $15/hr incomes I would think it was hard, but I don't have children so maybe they're cheaper than I think. Although no one has ever said their children were cheaper than they thought.
  - credit_guy 6y ago
    $15/h is a bit more than $30k per year. Taxes are quite low for this income bracket, so you get to keep most of it. As a graduate student I got to live on about half that much for 5 years. The rent on campus was low and the health insurance was cheap, but neither was free. Living in campus meant I didn't need a car, but in my last year I did buy one, a 13 year old SUV for $1350. Accounting for inflation, that would still be less than $2000 in today's money. Out of curiosity, I just checked on edmunds.com, and you can still get a 13 year old SUV of similar condition for a bit less than $2000 today. So, I think it's possible to make a living on $15/h. Is it ideal? No.

credit_guy 6y ago

> minimum wage jobs Amazon wages are $15/h or more, more than double the Federal minimum wage of $7.25/h.

robert_foss 6y ago
Would you be able to make a living on 15eur/m? If you live in America I would sincerely like to know the answer.
- curryst 6y ago
  Perspectives vary. That's what I made on my first job out of college in one of the bigger cities in the Midwest (not Chicago). It was fine for that. I didn't have extravagant tastes, but I didn't penny pinch. I had enough room in my budget that I could have saved probably a few hundred dollars a month. It's worth calling out that my car was paid off (and a Prius so gas/insurance was cheap), and my rent was really low ($300 a month because of arrangement with the landlord). Work also covered almost all of my insurance, which I think is unusual for jobs in those range. If those things weren't true, I probably would have saved little or nothing unless I started cutting back and focusing on buying cheap food to eat instead of just being happy with cooking instead of eating out. Home ownership is possible if you save for years, or if you can get a grant to help with the downpayment (had a friend who did that). It's not pleassant, but it's doable imo. I don't think you could have a family on a single $15/hr income. Even at 2 $15/hr incomes I would think it was hard, but I don't have children so maybe they're cheaper than I think. Although no one has ever said their children were cheaper than they thought.
- credit_guy 6y ago
  $15/h is a bit more than $30k per year. Taxes are quite low for this income bracket, so you get to keep most of it. As a graduate student I got to live on about half that much for 5 years. The rent on campus was low and the health insurance was cheap, but neither was free. Living in campus meant I didn't need a car, but in my last year I did buy one, a 13 year old SUV for $1350. Accounting for inflation, that would still be less than $2000 in today's money. Out of curiosity, I just checked on edmunds.com, and you can still get a 13 year old SUV of similar condition for a bit less than $2000 today. So, I think it's possible to make a living on $15/h. Is it ideal? No.