A minimum-wage worker needs 2.5 full-time jobs to afford a one-bedroom apartment in most of the US (bankrupt, credit)

[Roboteer]

A minimum-wage worker needs 2.5 full-time jobs to afford a one-bedroom apartment in most of the US


Sounds about right.

Or are you one of those economics-challenged souls who really want to believe that a one-bedroom apt somehow "should" have the same monetary worth as a minimum wage?

Where on Earth do you get a silly idea like that?

[galaxyhi]

Originally Posted by Roboteer

A minimum-wage worker needs 2.5 full-time jobs to afford a one-bedroom apartment in most of the US


Sounds about right.

Or are you one of those economics-challenged souls who really want to believe that a one-bedroom apt somehow "should" have the same monetary worth as a minimum wage?

Where on Earth do you get a silly idea like that?

Unless this is tongue in cheek....

Regardless of how/what/why the minimum wage was set, if it is to be believed that minimum should be the minimum for substance, then don't you think that minimum SHOULD provide for housing AND food? And by housing, I mean housing cost plus the costs necessary to live there, or heat, electricity, insurance, furnishings.

Fast food joints have long had their "meal deals " set at about minimum wage hours pay.

They, when the economy turned on then, came out with the dollar menu. Why? Because even at a buck, they make profit, a nice profit margin.

Now it's "value menu ", with higher retail than a dollar. And tgey still make profit.

( I know cause I worked fast food once).

If you, sir or madam are so economically wise, is it fair to set housing rent a So high that ONLY the elite can afford It? Suppose you, in your infinite wisdom, could not afford the $5.8m price tag for a home in your area, nor the $25k/ month rent? Suppose that was reality for YOU?

What tune would you be singing then?

The reality is that if prevailing wages in an area are about minimum, housing costs should be correlative.

It's obvious the COL in Malibu California is far above ours of the general populace, but you also won't find a $1 hamburger shack on ebery corner.

Wal-Mart LIKE s areas of 5k population to open it's stores, so that they can only pay minimum on cheap areas. Yet they take in handsomely from those minimum wage workers and those nearby looking for a bargain.

My own city/township has its own wally world, and is THE most affluent suburb in the area!.population a little more than 5K, but Wally World is expanding its,horizons.

Why SHOULDN'T minimum wage buy the MINIMUM housing in an area? Are you to tell me ALL areas,should be off limits because peopke earn minimum wage?

It's been said over and over on these forums, not everybody is cut out to be a college graduate and not everyone can get a STEM degree.

But, as I've asked over and over on these, fora, WHO will clean the wealthy' s toilets? Cause tgey sure don't!

Think anout the minimum wage guy who is cleaning the public restrooms on the highway the next time you travel. Doesn't he/she deserve affordable housing?

Or would you rather theyshow up to work dirty, lice ridden and with diseases?

Or, woukd you rather use an outhouse and leaves to wipe your butt so you can cruise along in your brand-new Cadillac?

THINK about it the next time you put down minimum wage jobs/people.

Sheesh.

[jm1982]

Define minimum lifestyle or subsistence..

There was a study done for Los Angeles that one needs to make $33 hr to rent the average 1 bedroom apartment . Think places can pay $33 hr ?

These fast food places don’t make money on the dollar menu stuff , it brings in people for the other stuff .
Supermarkets do this too where they’ll have low prices on stuff where they lose money to bring in people for the other stuff .

Margins are very tight in the restaurant industry, despite the myths people believe .

Nobody is putting down minimum wage workers we are saying one shouldn’t expect to work minimum wage and then be able to have your own apartment without roommates , cable tv , etc etc .

Regulating what private landlords can charge in rent is a bad idea .

Like I said before it makes more sense to work in the current system instead of trying to change it .
The roadmap is out there but people want to come up with a million excuses about why they can’t do it .
Entitlement mentality .

“I can’t get an education because X “ .. “I can’t make more money because X”

They want to make more money and then they call the wealthy greedy .

[jm1982]

Speaking of low profit margins in businesses. This is why a business owner often has to have more than one location to survive . Like a min wage worker sometimes has to take on more than one job .

That is of course if they make a profit at all . Many small businesses have bad years where they lose money during recessions etc and they have to dip into savings or pull equity loans on their homes to pay their employees while they aren’t taking a salary themselves .


A lot of times per hour the owner isn’t even making much more than the employees after all expenses are paid yet they are taking all the risk. It’s their name on the lease , etc . If someone sues them it’s them that gets sued .

[nmnita]

Originally Posted by hitpausebutton2

Need.. better wage.

If a CEO cant live off 5 mill bring home but votes NO on the window washer asking for a bump in wage to pay for the higher rent fee or cost of food then that is the issue needs to be looked at. Mean while he votes yes for another 5mil so he can buy another summer house in the villas. That being greedy.

who ever said the CEO can't live on whatever. The fact remains how much he/she makes has little to do with your argument that the min wage is not a working wage. Most of us understand how capitalism works, I guess you just don't see it that way. As I said earlier, try living in a country that isn't considered a capitalist country and then let us know, when 50% or more of your money goes to taxes how well that works for you or whomever you are talking about?

[nmnita]

Originally Posted by LifeIsGood01

No need in arguing with people who made money and are hypocrites because they got theirs and they don't care about anyone else. It's their Trumpian way to think.

You might want to look up the word "hypocrite" the example you are giving is not the meaning of the word.

[LifeIsGood01]

Originally Posted by jm1982

These fast food places don’t make money on the dollar menu stuff , .

They do make money on it, you don't know how cheap food is bought in bulk, they have even removed many cheap item off the dollar menu, McD has only a thin chicken patty sandwich, the small burger and a breakfast burrito and yes they make profit off each item. They even took the small french fries off the dollar menu a while ago. You think one potato costs them more than 5 cents and they can't profit for selling it for $1. Why can i buy an entire frozen meal for $1 at Walmart but they can't sell a french fries for $1?

[LifeIsGood01]

Originally Posted by nmnita

You might want to look up the word "hypocrite" the example you are giving is not the meaning of the word.

You are right they are not hypocrites they are scum.

[Jim1921]

Originally Posted by LifeIsGood01

They do make money on it, you don't know how cheap food is bought in bulk, they have even removed many cheap item off the dollar menu, McD has only a thin chicken patty sandwich, the small burger and a breakfast burrito and yes they make profit off each item. They even took the small french fries off the dollar menu a while ago. You think one potato costs them more than 5 cents and they can't profit for selling it for $1. Why can i buy an entire frozen meal for $1 at Walmart but they can't sell a french fries for $1?

The cost goes way beyond just one ingredient. Have you factored in the cost of other ingredients that go with it, cooking oil, utilities, rent, insurance, wages, etc? What do you think the average margin is for a fast food franchisee? Look it up. It is in the single digits.

[Jim1921]

Originally Posted by LifeIsGood01

You are right they are not hypocrites they are scum.

Here is the good news. You, and others, that want to pay more money, can start up your own fast food (or any other business) and pay people as much as you want. Problem solved.