@averagejoe1 said
The phrase ‘Living wage’ is oft used on the forum. Surely it will arise again with this new administration, with the Bernie on board.
It seems that, to have a level playing field, we all should identify and regard exactly what comprises a living wage.
That is all that I reasonably suggest. I made the above posts to express its importance. The humor, was mean ...[text shortened]... . And a fair response to Handy’s feigning not-getting analogies.
How can this put me off-base?
A living wage is a pay packet you can live off.
It’s not bloody rocket science.
And in Norway it’s much higher than in the US. And in the US it is much higher than in Angola.
What happens is that they take the average home cost (usually in the cheapest segments of the market: including electricity, water, per person, etc.) and call it X.
Then they have a model to work out what the minimum requirement is for food per person per day. And that’s what they call Y.
Then there are extra expenses such as clothes, schoolbooks, etc. And that they call Z.
Then they count up benefits people are likely to be able to claim. And call that M.
The living wage is then XYZ -M.
In a country such as the US it is very possible the living wage in say New York is much higher than in Alabama.
Yes. There are other models for reaching a living wage (existence vs subsistence), but they all come down to the same thing really.