15 dollar minimum wage
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Just wondering...
Although many countries have what they call a "minimum" wage, I wonder what percentage of the cost of living that "minimum wage" really is.
To be specific, in the US a $15/hr minimum wage translates to about $30K per year. For an individual, that's probably a livable standard of living. You'd probably only be able to afford a Corrola, a 42" TV and a cheapo plan like Boost Mobile. But, you could live on it. A DINK couple would be doing more than OK.
How does that compare to minimum wage in "really poor" countries in Africa, or "middle" countries. Would that wage translate into the same standard of living?
Just asking, because you brought up the comparison.
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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@Mik said in 15 dollar minimum wage:
Federal minimum wage never made sense to me, and clearly much less at this time. Insanity.
Just curious why you think that. I think that (almost) every country in the world has a minimum wage, from really poor countries in Africa to "middle" countries like Thailand to the US. I believe that they bring a lot of benefit.
@taiwan_girl said in 15 dollar minimum wage:
@Mik said in 15 dollar minimum wage:
Federal minimum wage never made sense to me, and clearly much less at this time. Insanity.
Just curious why you think that. I think that (almost) every country in the world has a minimum wage, from really poor countries in Africa to "middle" countries like Thailand to the US. I believe that they bring a lot of benefit.
Because it should be a state issue.
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Just wondering...
Although many countries have what they call a "minimum" wage, I wonder what percentage of the cost of living that "minimum wage" really is.
To be specific, in the US a $15/hr minimum wage translates to about $30K per year. For an individual, that's probably a livable standard of living. You'd probably only be able to afford a Corrola, a 42" TV and a cheapo plan like Boost Mobile. But, you could live on it. A DINK couple would be doing more than OK.
How does that compare to minimum wage in "really poor" countries in Africa, or "middle" countries. Would that wage translate into the same standard of living?
Just asking, because you brought up the comparison.
@George-K Good question. In thailand the minimum wage is about USD$10/day, so maybe USD$3000/year.
A clerk at a 7-11 type store will probably make about USD$300/month, so a bit more than minimum wage.
Difficult to live by yourself on that amount, but would have to live with family or room with other people.
India - I think minimum wage is (maybe, but not 100% sure) around USD$2/day. I know that the government definition of the poverty level is someone who makes like less than USD$1.25/day
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@Mik said in 15 dollar minimum wage:
Federal minimum wage never made sense to me, and clearly much less at this time. Insanity.
Just curious why you think that. I think that (almost) every country in the world has a minimum wage, from really poor countries in Africa to "middle" countries like Thailand to the US. I believe that they bring a lot of benefit.
@taiwan_girl said in 15 dollar minimum wage:
@Mik said in 15 dollar minimum wage:
Federal minimum wage never made sense to me, and clearly much less at this time. Insanity.
Just curious why you think that. I think that (almost) every country in the world has a minimum wage, from really poor countries in Africa to "middle" countries like Thailand to the US. I believe that they bring a lot of benefit.
How will American Samoa benefit from a 15 dollar an hour minimum wage if they're all out of work? I'd love to hear you explain how that would work.
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@taiwan_girl said in 15 dollar minimum wage:
@Mik said in 15 dollar minimum wage:
Federal minimum wage never made sense to me, and clearly much less at this time. Insanity.
Just curious why you think that. I think that (almost) every country in the world has a minimum wage, from really poor countries in Africa to "middle" countries like Thailand to the US. I believe that they bring a lot of benefit.
How will American Samoa benefit from a 15 dollar an hour minimum wage if they're all out of work? I'd love to hear you explain how that would work.
@Larry said in 15 dollar minimum wage:
@taiwan_girl said in 15 dollar minimum wage:
@Mik said in 15 dollar minimum wage:
Federal minimum wage never made sense to me, and clearly much less at this time. Insanity.
Just curious why you think that. I think that (almost) every country in the world has a minimum wage, from really poor countries in Africa to "middle" countries like Thailand to the US. I believe that they bring a lot of benefit.
How will American Samoa benefit from a 15 dollar an hour minimum wage if they're all out of work? I'd love to hear you explain how that would work.
That I do not know. I do not know nothing about American Samoa.
But I have seen alot of "exploitation" of workers (mainly in developing countries), and a minimum wage gives them some ability to make a life for themselfs that they probably would not have if they did not have the minimum wage.
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It seems to me that there's something wrong when a company can pay its employees so little that they have to claim foods tamps and benefits, and yet the CEO of the company in question is a billionaire.
And what's wrong is not that the employees are eligible to claim food stamps when they're working. What's wrong is that they have to claim them when they're working.
Just speaking hypothetically, of course. Because if this situation occurred, we, the loyal taxpayer, would be subsidizing this company.
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Biden raises minimum wage for federal contractors to $15/hr
https://www.reuters.com/world/us/biden-raises-minimum-wage-federal-contractors-15hr-2021-04-27/“President Joe Biden on Tuesday will continue his push for a national $15 minimum wage with an executive order that raises pay to at least that level for hundreds of thousands of federal contract workers, according to senior White House officials.
The move will increase the current minimum wage of $10.95 by nearly 37% by March of next year and continue to tie future increases to inflation.
It will apply to federal workers from cleaning and maintenance staff to food service contractors and laborers, sweeping in tipped workers who were previously left out of the last increase under former President Barack Obama.
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Will those raises only affect those who used to earn less than $15?
If so, wouldn't the people who earned $15 before already feel silly because their additional qualifications over the <$15 employees don't result in any more $?
@klaus said in 15 dollar minimum wage:
Will those raises only affect those who used to earn less than $15?
If so, wouldn't the people who earned $15 before already feel silly because their additional qualifications over the <$15 employees don't result in any more $?
No, they’ll just demand a pay hike, as will the regular federal workers. 40% pay hikes for everyone! Woohoo!
I can’t wait to spend $10 per gallon of milk!
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