Malintent
Veteran Member
On the topic of minimum wage, I am curious about people's thoughts on entitlement.
How many people is 1 minimum wage supposed to support?
What does it mean to be supported?
One person, living on 5th avenue, NY, with 1 car, 1 parking space, 1 cell phone, and healthy eating habits will spend a minimum of $1,000,000 PER MONTH on these "basic" provisions. 40 hours a week (yea, right), 160 hours per month... that's a required wage of $6,250 PER HOUR.. JUST TO SURVIVE... never mind improving one's self, handling emergencies, investing for retirement, etc..
One person, living in a cardboard box, with no car, no parking space, no phone, and minimal preferences for nourishment will spend as much as $0 per month on these "basic" provisions. 40 hours a week (well, of course), 160 hours per month... (carry the zero)... that's a required wage of $0 per hour... JUST TO SURVIVE... never mind improving one's self, handling emergencies, investing for retirement, etc..
A family of 8, living in an average home, with 2 cars, no parking expenses, 8 cell phones, and a fast-food-exclusive diet will spend at least $25,000 per month on these "basic" provisions. 40 hours a week, 160 hours a month.. that's a required wage of over $150 PER HOUR... JUST TO SURVIVE.. never mind improving one's self, handling emergencies, investing for retirement, etc..
Should minimum wage be $0, $150, or $6,250?? How can we tell?
What does "minimum" mean, with respect to wage?
In our Capitalist society, what economic status is "guaranteed"?
How many people is 1 minimum wage supposed to support?
What does it mean to be supported?
One person, living on 5th avenue, NY, with 1 car, 1 parking space, 1 cell phone, and healthy eating habits will spend a minimum of $1,000,000 PER MONTH on these "basic" provisions. 40 hours a week (yea, right), 160 hours per month... that's a required wage of $6,250 PER HOUR.. JUST TO SURVIVE... never mind improving one's self, handling emergencies, investing for retirement, etc..
One person, living in a cardboard box, with no car, no parking space, no phone, and minimal preferences for nourishment will spend as much as $0 per month on these "basic" provisions. 40 hours a week (well, of course), 160 hours per month... (carry the zero)... that's a required wage of $0 per hour... JUST TO SURVIVE... never mind improving one's self, handling emergencies, investing for retirement, etc..
A family of 8, living in an average home, with 2 cars, no parking expenses, 8 cell phones, and a fast-food-exclusive diet will spend at least $25,000 per month on these "basic" provisions. 40 hours a week, 160 hours a month.. that's a required wage of over $150 PER HOUR... JUST TO SURVIVE.. never mind improving one's self, handling emergencies, investing for retirement, etc..
Should minimum wage be $0, $150, or $6,250?? How can we tell?
What does "minimum" mean, with respect to wage?
In our Capitalist society, what economic status is "guaranteed"?