Quote:
Originally posted by masraum
I see your point, but the problem is that there are people that are trying to live on that wage. There are "adults" who have graduated HS and gotten married at 18 or 19 and work at retail jobs and are trying to live, rent an apt, eat, drive a car, have car ins. Have you ever tried to do that on $7/hr? I think that's about $16-17k a year.
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Quote:
Originally posted by tcar
Nope. Under 15k a year.
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Quote:
Originally posted by Big Ed
He couldn't do the math.
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Actually...
Figuring a 40 hour week, $7/hr works out to $14,560 per year before taxes.
Now, consider this. Most minumim wage places will *NOT* work a person a full 40 hours, more like 30-35. Usually in an effort to screw people out of health benefits.
Let's be generous, and say 35 hours. $245/week. About $980 per month..not enough to live on.
$12,740 per year @ 35 hours per week. Before taxes, FICA, FUCU, SCRUU, and other junk are taken out.
I know this because I am a minimum wage person outside my regular field. I have worked minimum wage at all of my jobs except one, and will never qualify for anything else from a regular job. This is why I started my own company, and now make between $150-300 per hour as one of thebest in my field. I will never work minimum wage again.