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Reply to "Help me understand the impact of a $15 minimum wage? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Let's see how much it would take to just cover food and housing. The average monthly rental price for a 1 bedroom apartment in the US is $1100. The average monthly food cost for one person is $165-345. Using $165 for food that equals $15,200. So $200 short. Of course that doesnt include anything for clothes, electricity, water, or furniture. It also doesnt include transportation or appliances so there's no way to cook the food and you need to live in walking distance to everything. [/quote] You can’t use the average apartment and only use the lowest minimum wage, it doesn’t work that way. If you want to say the average apartment in the USA is $1100, then you need to used the average minimum wage which is $11.80 as of 2019. [quote] While the federal minimum wage is $7.25, most states and many cities have higher minimum wages resulting in almost 90% of U.S. minimum wage workers earning more than $7.25. The effective nationwide minimum wage, the wage that the average minimum wage worker earns, is $11.80 as of May 2019.[/quote] Based on that, it’s $25960 a year as the average, which can "surprise!" afford your average $1100 apartment. [/quote] Been a long time since you've tried to rent an apartment huh? Most of them have minimum income requirements. I promise you most landlords or complexes aren't going to rent a $1100 apartment to someone where that expense is over 50% of their pre-tax income. [/quote] Keep changing it when facts prove you wrong. You can make excuses for anything, just like the minimum wage employees have excuses on why it’s not their fault. [/quote]
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