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Old 05-21-2014, 04:03 AM
 
649 posts, read 554,969 times
Reputation: 1877

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Quote:
Originally Posted by Larry Siegel View Post
Fortunately, it's illegal to employ anyone at half the minimum wage. (That's why it's called a "minimum.") I guess someone making minimum wage could be working half-time, but that's not earning half the minimum wage.
Not true. Food service workers, i.e. waitresses/waiters make 2 dollars an hour or less if they get tips in many states. And I guarantee most of them have nothing in the way of benefits.
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Old 05-21-2014, 05:59 AM
 
29,796 posts, read 34,894,042 times
Reputation: 11720
Quote:
Originally Posted by MG120 View Post
Not true. Food service workers, i.e. waitresses/waiters make 2 dollars an hour or less if they get tips in many states. And I guarantee most of them have nothing in the way of benefits.
So very true and very much part of the minimum wage discussion.
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Old 05-21-2014, 07:16 AM
 
Location: middle tennessee
1,926 posts, read 993,510 times
Reputation: 6995
Quote:
Originally Posted by Jimrob1 View Post
I don't think they can retire. I have come to the conclusion the Gov't does not want them to. Otherwise why would a Gov't restrict someone in their 60's to $15000 gross a year in earnings. Especially a person with a very low SS check. The gov't knows the person can't possibly support themselves, but could if they were allowed to earn at least $20,000 in many cases. There is a reason the Gov't chose $15000 for 2014, and it only goes up a few hundred dollars a year. The waiting lists for senior housing run long. Illnesses start to pop up, Affording proper food becomes a serious concern. Difficulty getting from point A to B eventually makes an appearance. Realizing there is few to no one to count on as the person gets older. Not everyone has a family that is going to be there for the person.

The stress of trying to make it on such limited means, especially with little to no support system in life. I think all of this will do a number on a person and limit their lifespan. I believe things are set up this way in America, and many people do not want to admit it. Well I did because it should be said.
you may have said it but that doesn't make it true.

soylent green, anyone?

Waiting lists for senior housing run long in my town because people put their name on them long before they want to move in. I was advised to put my name on the list when I mentioned to someone that it might be a housing option I would consider one day. If they call you and you're not ready, no problem. You go to the bottom of the list. Many people rotate until they die because they are never "ready", but the prevailing wisdom is that its a good thing to be on the list. I'm talking about subsidized housing not assisted living.

People can and do live on $15,000 a year or much less. Women in the south who divorced and worked in factories or at other minimum wage jobs, sometimes starting their work life after their children reached an age of independence, are especially affected, or at least they are the group I know the most about. I see them working, shopping, at the library, etc, etc. They are living their lives. Retiring on $15000 a year with little or no savings is not a hopeless existence. Its probably not much worse and maybe better than the way they have spent most of their lives, and that's not a bad life for many.

There is a pretty good support system for older, less affluent Americans. I personally think that a small percentage of people who would qualify take advantage of the programs that are in place.

We are the government. For an American citizen to talk about the Government "restricting" earnings is ridiculous. So you have to pay taxes on the money you earn or sacrifice part of your SS check..... it's a choice not a restriction.

threads like this get my dander up because I know that there is no way some people are ever going to believe that retirement life is worth living unless you have a million dollars in the bank just in case something happens, and, if you don't, they are going to have to peel off some of their tax money to bail you out.

You may not retire at 50, buy a second home, and travel, or whatever else your dream retirement life includes, but you might be able to slow down when the check starts coming. Work less or just spend more, which is what my husband did. Enjoy the grandchildren, the garden, sleeping in...... whatever being retired means to you. For me, its as simple as not having to go to work ever again. I know I'm lucky.
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Old 05-21-2014, 07:28 AM
 
Location: Forests of Maine
30,693 posts, read 49,488,800 times
Reputation: 19136
Quote:
Originally Posted by Larry Siegel View Post
Fortunately, it's illegal to employ anyone at half the minimum wage. (That's why it's called a "minimum.") I guess someone making minimum wage could be working half-time, but that's not earning half the minimum wage.
I know many people who are 'marginally employed'. A contract for a distributor to stock shelves in one store for 10hours/week. A part-time minimum-wage job, and a seasonal job. When it is all totaled they less than fulltime minimum-wage.

These people are commonly working 40 to 60 hours a week.

But their take-home is less than if they were earning minimum-wage.
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Old 05-21-2014, 01:39 PM
 
Location: East of Seattle since 1992, originally from SF Bay Area
29,844 posts, read 54,552,867 times
Reputation: 31204
Quote:
Originally Posted by TuborgP View Post
So very true and very much part of the minimum wage discussion.
Depends on the state, here they get the full $9.32/hour minimum plus tips, that's state law.
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Old 05-21-2014, 02:09 PM
 
649 posts, read 554,969 times
Reputation: 1877
Quote:
Originally Posted by Hemlock140 View Post
Depends on the state, here they get the full $9.32/hour minimum plus tips, that's state law.
As I said, most, but to be specific, only 6 states pay tipped workers minimum wage or higher. The majority of them pay 2.13 an hour. I didn't do the math, but a rough guess would be that of the other 44 states, the average would work out to somewhere right around 3 dollars an hour.

So, 44 states, to me, is most. Oregon and Washington are the exception to that rule.
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Old 05-21-2014, 02:09 PM
 
Location: Lakeland, Florida
6,972 posts, read 12,500,351 times
Reputation: 8734
Quote:
Originally Posted by boogie'smom View Post
you may have said it but that doesn't make it true.

soylent green, anyone?

Waiting lists for senior housing run long in my town because people put their name on them long before they want to move in. I was advised to put my name on the list when I mentioned to someone that it might be a housing option I would consider one day. If they call you and you're not ready, no problem. You go to the bottom of the list. Many people rotate until they die because they are never "ready", but the prevailing wisdom is that its a good thing to be on the list. I'm talking about subsidized housing not assisted living.

People can and do live on $15,000 a year or much less. Women in the south who divorced and worked in factories or at other minimum wage jobs, sometimes starting their work life after their children reached an age of independence, are especially affected, or at least they are the group I know the most about. I see them working, shopping, at the library, etc, etc. They are living their lives. Retiring on $15000 a year with little or no savings is not a hopeless existence. Its probably not much worse and maybe better than the way they have spent most of their lives, and that's not a bad life for many.

There is a pretty good support system for older, less affluent Americans. I personally think that a small percentage of people who would qualify take advantage of the programs that are in place.

We are the government. For an American citizen to talk about the Government "restricting" earnings is ridiculous. So you have to pay taxes on the money you earn or sacrifice part of your SS check..... it's a choice not a restriction.

threads like this get my dander up because I know that there is no way some people are ever going to believe that retirement life is worth living unless you have a million dollars in the bank just in case something happens, and, if you don't, they are going to have to peel off some of their tax money to bail you out.

You may not retire at 50, buy a second home, and travel, or whatever else your dream retirement life includes, but you might be able to slow down when the check starts coming. Work less or just spend more, which is what my husband did. Enjoy the grandchildren, the garden, sleeping in...... whatever being retired means to you. For me, its as simple as not having to go to work ever again. I know I'm lucky.

I still call it a restriction because it is. If the person wants to or needs to earn more than $15000, then they should be able to. It's not as if they are getting some sort of a Welfare check. I don't know what it's like to live in Tennessee on $15000, but its really impossible in much of this country. We can't all live in Tenn or some lower col state, since we have no past present or future there.
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Old 05-21-2014, 06:35 PM
GLS
 
1,985 posts, read 4,849,660 times
Reputation: 2408
Quote:
Originally Posted by NoMoreSnowForMe View Post
I wish this could be reality. But, for someone very low income, not realistic.

Let's take an example. I'll use the town of Redding, where I live, as an example.

Let's say someone is living minimum wage. In CA that's $8.00/hour. x 40 hours = $320/week x 52 weeks = $16,640/year gross, or $1387/mo. gross.

I don't know how to figure out what their fed and state income taxes would be. I know there would probably be the earned income credit, so I'll just use the gross income for purposes of this little exercise.

So, Income per mo: $1387.00

I took an average of 5 - 1 bdrm apts and the average rent is $620.

So, $1387 - $620 = $767.

Let's say they have no car payment and own the same car I do: 1992 Toyota Corolla, that's paid for. I have liability only on the car and my monthly car insurance is roughly $60.

So, $767 - $60 = $707.

Now, where do they work? Right here in Redding? I don't drive very many miles, and usually just around Redding, and I budget one tank of gas per month. But, I bet someone working would need at least 2 tanks.

One tank for me is $35, so figure $70/month for gas.

$707 - $70 = $637.

Renter's Insurance for me is $25.

$637 - $25 = $612.

AT&T Internet for me is $28.

$612 - $28 = $584.

My electric bill has been averaging about $35/month for a very tiny studio. Let's figure this guy's one bedroom is at least 1/3 higher than mine. That would be $47.

$584 - $47 = $537.

How about Netflix? $8/month

$537 - $8 = $529.

He gets the Redding Searchlight newspaper with online edition and weekend paper (to get the coupons) for $10/month.

$529 - $10 = $519.

Groceries? At least $200.

$519 - $200 = $319.

Cell phone bill = $50 at least.

$319 - $50 = $269.

Even if we stop here and look at trying to save 10% of wages = $139.00

$269 - $139 savings = $130 left for...

Other utility costs (if pay for more than just electricity)? Medical insurance and co-pays? Entertainment (ha ha)? Pet costs? Pet insurance (I pay about $48/month pet insurance because I wouldn't have savings for major vet bill)? Car maintenance (my car battery is dying and will need to buy one next month, myself - probably $100)? AAA roadside membership? DMV registration (mine will be due next month, about $100)? Computer dies? Printer dies (this happened to me last month. Bought used one on Ebay, but still cost $80 with extended warranty - which means no more printer cost for 2 years)? Clothing? Shoes? Does the guy get cable TV (doubtful)?

And this is assuming there is no child or other dependent.

And assuming there are no loan payments.

And this is based on gross wages.

I can promise you that this person will always have something come up that will take away that savings. The car will need a new alternator, there will be a root canal with a 20% co-pay, the DMV registration bill will arrive, the AAA membership bill will arrive. He'll get a ticket for running that yellow light. It will always be something.

No matter how frugal this person is, saving 10% and keeping it in the bank, would be next to impossible.
Let me guess.......you don't work for the Redding Chamber of Commerce do you?
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Old 05-21-2014, 07:21 PM
 
Location: Keystone State
1,765 posts, read 1,886,755 times
Reputation: 2118
Quote:
Originally Posted by Hairy Guy View Post
before a low wage worker gets old, he/she should use other talents besides actual labor. are you a pretty girl? get yourself a sugar daddy and use your beauty before it expires (i tell my gf this all the time - we have an "open" relationship). or marry a rich man. pretty boy? sell your services as an escort to lonely women. strong girl or boy? do additional labor outside of a mcjob to make more dough. if you are a smart boy or girl, then, well, you will not be a low-wage earner the rest of your life. only other way out is to live off social security and do odd jobs here and there and live below your means. you cannot stop working if you are poor. that's just how it goes.
ewwww!
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Old 05-21-2014, 07:59 PM
 
6,353 posts, read 5,168,799 times
Reputation: 8528
Quote:
Originally Posted by LauraC View Post
You don't retire. The time to think about it is when you are about to graduate high school, when you decide to have a baby out of wedlock, and for women, when you make the decision to be a stay-at-home mom. If you are in the position of deciding on a job that pays more now but doesn't provide the opportunity to advance or one that pays less now but there are more opportunities to advance, don't jump on the higher paying job.

Maybe they should teach it in school.

You are the reason you've made less than $20/hr your entire life.
Generally that's true, but some people are really limited in their abilities, and our economy does not reward having a strong back and a little brain. Most people should be able to figure out how to make a decent living, but not *everybody*.
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