4 ms·
I tried living on my areas "living wage", it wasn't living.
by koromak 3y ago
I tried living on my areas "living wage", it wasn't living.
- t-writescode 3y agoIf nothing else, this data could be used as a reflection of "the minimum wage is _way to low_, even when these calculations show numbers that are *still* too low to live, and they're several multiples of the minimum wage.
- robertlagrant 3y agoIt depends on what it is. The Federal minimum wage is far too broad to apply everywhere: a minimum wage for a high-taxation city centre with expensive housing will mean people are unemployable in remotest Georgia. State minimum wage is better, but still potentially vastly different between town centre and way out in the country. The best raiser of minimums isn't laws. It's other companies. Making it easy to compete is the best way to raise salaries.
- t-writescode 3y agoWe have 40+ years of the so-called free market showing that real wages have been a race to the bottom for all but a few industries.
- robertlagrant 3y ago"Real wages" is different to wages because your government spends so much it has to devalue your money to make it work.