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My first "real post college job" started at $18.50/hour with admittedly stellar benefits(healthcare field), and we lived a very spartan lifestyle and were never able to save a cent.
This was me, my wife, and one kid in a one bedroom apartment with one car. No student loans on the bright side.
The high cost of living in NY ensured even that much per hour was just not enough.
Increased wages will only raise the cost of living and not get at the real issue; loss of purchasing power due to taxes and inflation (a hidden tax in and of itself).
My first "real post college job" started at $18.50/hour with admittedly stellar benefits(healthcare field), and we lived a very spartan lifestyle and were never able to save a cent.
This was me, my wife, and one kid in a one bedroom apartment with one car. No student loans on the bright side.
The high cost of living in NY ensured even that much per hour was just not enough.
Increased wages will only raise the cost of living and not get at the real issue; loss of purchasing power due to taxes and inflation (a hidden tax in and of itself).
And that is why I moved from NYC when I turned 18.
Moved to Florida and what a world of difference as far as costs.
And that is why I moved from NYC when I turned 18.
Moved to Florida and what a world of difference as far as costs.
I quit my job and started my own company right after kid #2 was born (people said I was nuts to leave a "good job") and then I increased my income literally six-fold.
However I had to wait until I could serve clients remotely before I could leave NY. Took years. Ugh.
My money goes so much further here and I've been able to save much of it, but I still choose frugality.
I quit my job and started my own company right after kid #2 was born (people said I was nuts to leave a "good job") and then I increased my income literally six-fold.
However I had to wait until I could serve clients remotely before I could leave NY. Took years. Ugh.
My money goes so much further here and I've been able to save much of it, but I still choose frugality.
I'd never hack the heat in Florida.
I understand. I left before I could establish any roots.
You can have more jobs at low wage, or a few jobs at high wage, but within the service industry you can't have both and price those services reasonably. So, at the local burger joint, should we:
A- hire about 20 PT, low wage jobs, burgers $3-$5
B- provide a dozen (lets say) FT, well paying jobs and burgers are $3-$5 a piece
C- hire 20 PT @ $18/hr, burgers $10-$12
I'm pulling numbers out of the air, but you get the idea. When it begins to cost more than people are willing to pay for fast food, they will stop going there, and the business will wither and die. Some people don't need a living wage and are willing to work for enough to cover their expenses or are willing to work for some extra income in exchange for an easier and less time demanding job. If we kill those businesses, what's left? I guess then we just hand money to unskilled or lazy people because ........... oh, wait a minute, we already do that. Never mind!
MW was NEVER meant to support a lifestyle. NEVER, unless you lived at home and had no real bills.
This. It was meant for kids working summer jobs at the mall or a fast food joint or those who just finished high school. If you're a grown ass adult with a family working a minimum wage job, you really need to examine you're pathetic life and grow up.
It depends on now they organize that. If they reduce the numbers to more skill workers using automation more it might work. Its all about cost. The problem is many fast foods are not making the gross sales they once where .Frankly I can think of a lot of other workers based on what they do and produce that don't make 15hr ;I'd raise first. The fact that fast food workers can't get it thru market by demand show the real tales of why they have to politially try to do it.
Any time government has to mandate your pay level; your in trouble; plain and simple.
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