3 ms·
it would be a large increase in money for the bottom, but at the same time you'll have more people living on minimum wage (say you raise the wage from 7 to 20,
by flavius29663 5y ago
it would be a large increase in money for the bottom, but at the same time you'll have more people living on minimum wage (say you raise the wage from 7 to 20, all that make 7-20 today will either be unemployed or living on minimum wage). But living on minimum wage sucks, no matter what the level is. Everything is instantly more expensive, especially the stuff that poor people spend most of their money on: groceries, fast food, gas
- toomanydoubts 5y agoSo weird to read that. You mean people making minimum wage are driving around over there? In Brazil, there's successful people with years long career, making way above the minimum wage, who can't afford a car. Actually, the minimum wage is currently 1/4 to 1/5 of the expected cost of living in some large cities.
- flavius29663 5y agoOf course! Americans like to complain a lot, but they are generally unaware how lucky they are. With 7.25 an hour you can easily make 1200 a month, which has almost zero taxes (maybe 5%?). You can easily buy a 1000 car with that. In practice, the de-facto minimum wage in most cities is much higher: 15-20 USD.