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Typically people stay in min wage jobs only until they go back to collage, or until they find something better.
I can't afford to go back to college and I can't find anything better, plus I've worked with a number of lifers in their 40s, 50s, and 60s who have been with the same employer more than a decade and are making within 25 cents of minimum wage. (Employer pays everyone within 25 cents of minimum wage.)
The middle class is not vanishing. The global middle class is increasing and with that the American middle class is moving towards the real middle. It equates to about $8000/year per capita although that's GDP, there's no correlation to that in terms of wages.
I've been saying it for over two years now. The universal equality is coming to a theater near you and it's not going to be a picture you'll like or want to ever see again. I'd be surprised if "the West" will willingly give up their self imposed place on the podium.
How do societies and governments respond to downward mobility? What happens when 5 single burger flippers seek to rent a house together because that's the only way each one can afford to pay rent?
Will society and government embrace that living model, or will they react by prohibitig more than three unrelated from living together?
In other words, will we be fighting each other and pushing those below us down in order to sty above them while we ourselves fall?
I can't afford to go back to college and I can't find anything better, plus I've worked with a number of lifers in their 40s, 50s, and 60s who have been with the same employer more than a decade and are making within 25 cents of minimum wage. (Employer pays everyone within 25 cents of minimum wage.)
This is not that uncommon, unfortunately. You may make "more" than minimum wage. But not much more. Possibly 20% above minimum wage, which is nowhere near a living wage. Even for a single, with no familial obligations.
This is not that uncommon, unfortunately. You may make "more" than minimum wage. But not much more. Possibly 20% above minimum wage, which is nowhere near a living wage. Even for a single, with no familial obligations.
That's not true. The median income is about $35,000 and min wage pays about $15,000. 20% more than min would be about $18,000 and most people are making more than that. Obviously, the more education you have the more you make. Living wage is completely arbitrary though. A single person can live on min wage, but add a kid and it is no longer a livable wage.
This is not that uncommon, unfortunately. You may make "more" than minimum wage. But not much more. Possibly 20% above minimum wage, which is nowhere near a living wage. Even for a single, with no familial obligations.
Yeah..a totally unrealistic budget. $20/month for health insurance and $0 for food as examples of their financial expertise in putting that budget together.
Yeah..a totally unrealistic budget. $20/month for health insurance and $0 for food as examples of their financial expertise in putting that budget together.
There was $750 left in the budget for food and whatever else.
Yes, it is actually. Very few are stuck with min wage for life.
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