General Discussion
In reply to the discussion: How does $25.18 per hour sound? [View all]TheKentuckian
(26,314 posts)I almost can't imagine the realitive awesome buying power and life impact. Stress? What stress?
By the same token though, how does someone on the current minimum wage survive at all? It would seem to be just about gone by the time you eat and travel back and forth. Forget shelter, utilities, saving, or investing much less any pleasure.
$25 an hour is a decent wage but still just barely gets you to the median income and for that worker it is utterly unobtainable. They wouldn't make that unless they almost worked 24 hours a day 365 year.
Think about this, a minimum wage worker even if they never slept, never took a meal break, and if they could teleport to the next gig, never seeing their families and friends for even a second still wouldn't gross 65k so to get to median these people would have to work I'd guess at least 20 hours a day which would mean no sleep still but gives them travel time to each stop and maybe a meal if they can drive.
Minimum wage ought to be called homeless pay, it is the amount it takes to barely survive without shelter and related expenses.