View Poll Results: Can you live on Minimum Wage

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  • Yes

    30 40.54%
  • No

    44 59.46%
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Thread: Can you live on Minimum Wage

  1. #201
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    Re: Can you live on Minimum Wage

    $7.25X40X52=$15,080.00 per year. You can survive on that even after your minimal withholdings. It is just a matter of what you feel entitled to. You may have to give up your $160/month cable/internet/telephone package. You may have to drive an older car and have to be more purposeful in your errands as not to waste gas. You may have to have room mates to be able to afford a nicer apartment/house. You may have to cook at home with cheaper ingredients than going to the Olive Garden and wait until the movies you want to see are at Redbox instead of going to the theater. It is just a matter of the decisions you make once your decisions have you supporting yourself on minimum wage.

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    Re: Can you live on Minimum Wage

    Quote Originally Posted by Fisher View Post
    $7.25
    Crap....my former post was actually incorrect. I was going off of an $8.25 current minimum wage because my brain farted for a moment. The bump up to $12 originally suggested actually would been even bigger of a shift, more than a 50% increase.

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    Re: Can you live on Minimum Wage

    Quote Originally Posted by lpast View Post
    You did it the same way I did it and my wife...I owned several business' for many years and so has my wife...but umm not everyone is you and I and are in the same circumstances..
    Nobody's circumstances are the same,but there are always ways of changing the circumstances one finds themselves in.

    It seems me and my wife,and you and your wife share this in common...we set goals for ourselves,and either achieve them,or if we can't,we find goals that we can achieve.

  4. #204
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    Re: Can you live on Minimum Wage

    I chose 'Yes' that I could live on minimum wage. We own our home outright and our annual PFD basically cancels out our property taxes and insurance. Electricity and Internet are our only bills, the latter of which we could technically go without if we had to. Car expenses, food, and home improvement stuff but beyond that... not much left... we can live very minimally.

    The kicker is health insurance. That continues to get so bloody expensive that there'd be no hope of purchasing it from a minimum wage. But that doesn't mean I "can't live on" minimum wage. Life is life. Health insurance is not oxygen, food or water.

    Re: the article on which the thread is premised, I don't see a reason that a single minimum wage should be able to afford a two-bedroom apartment.
    Last edited by Neomalthusian; 12-19-12 at 02:28 PM.

  5. #205
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    Re: Can you live on Minimum Wage

    Quote Originally Posted by lpast View Post
    Thats not what I said but you will continue to make what I say into what you want it to be...no need to continue
    This is what you said:

    Quote Originally Posted by lpast View Post
    The article uses average rent like any other comparisons...and less rent can be totally unacceptable living conditions.

    If millions of americans work for min wage and its not supposed to be livable...what does that mean you work and cant live ?
    So...we are talking about the article, right? The article stipulates a two bedroom apartment. You are saying that rent that is less than average can be totally unacceptable. That means that my response is exactly in line with what you said.

    But, hey...if you didn't mean what you said then perhaps you should NOT continue.
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  6. #206
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    Re: Can you live on Minimum Wage

    You easily could if that's what you wanted to do. If you do the minimum work, you should get the minimum wage, and live very minimally.

    Working as intended.

  7. #207
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    Re: Can you live on Minimum Wage

    Increasing the minimum wage will do other things: prices will go up because either there is more demand for them or because the production costs have gone up; as an employer I know that I cannot raise my prices too much at once without losing business so I would have to lower raises throughout the peon pool to offset the raise I would be forced to give to the lowest on the totem pole. (Actually most of my employees are on salary and my starting wage for hourly's is currently $10 just because it makes it easier to do the math in my head.

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    Re: Can you live on Minimum Wage

    Quote Originally Posted by Fisher View Post
    Increasing the minimum wage will do other things: prices will go up because either there is more demand for them or because the production costs have gone up; as an employer I know that I cannot raise my prices too much at once without losing business so I would have to lower raises throughout the peon pool to offset the raise I would be forced to give to the lowest on the totem pole. (Actually most of my employees are on salary and my starting wage for hourly's is currently $10 just because it makes it easier to do the math in my head.
    and...due to factors such as this...raising the minimum wage would not actually help the MW earner and would hurt everyone else.
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    Re: Can you live on Minimum Wage

    Quote Originally Posted by OscarB63
    and...due to factors such as this...raising the minimum wage would not actually help the MW earner and would hurt everyone else.
    It actually helps the MW earner, but marginally. As a standard rule of thumb, cost of living is not on pace with minimum wage increases as a whole. Therefore, the lowest rung is helped, but yes - the higher rungs are hurt because their wages (after a certain extent) are not tied into comparisons with minimum wage.

    For instance, a minimum wage increase wouldn't help me because I'm well above a wage that has MW as a determinant. However, an employer who pays people slightly above that minimum wage in an effort to increase morale, production, and efficiency may be adversely affected.

  10. #210
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    Re: Can you live on Minimum Wage

    Quote Originally Posted by Gipper View Post
    It actually helps the MW earner, but marginally. As a standard rule of thumb, cost of living is not on pace with minimum wage increases as a whole. Therefore, the lowest rung is helped, but yes - the higher rungs are hurt because their wages (after a certain extent) are not tied into comparisons with minimum wage.

    For instance, a minimum wage increase wouldn't help me because I'm well above a wage that has MW as a determinant. However, an employer who pays people slightly above that minimum wage in an effort to increase morale, production, and efficiency may be adversely affected.
    if MW is raised across the board...the vast majority of employers are going to increase prices to offset higher payroll (or they cut back on employees or hours, etc) and that is going to offset much, if not all, of any benefit the MW earner would gain from a higher wage. maybe I'm too cynical...but i don't see very many employers "eating the cost' of paying a higher MW. someone other than the employer is going to pay that cost and it is usually the consumer. and higher consumer costs always hurt those that make the least the most.
    The best argument against democracy is a five-minute conversation with the average voter.

    An appeaser is one who feeds a crocodile, hoping it will eat him last.

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