07 Jan '17 04:41>1 edit
I don't think anyone (especially those yelling that minimum wage is a socialist abomination that should be set to 0) has actually made a budget for that amount.
So let's play "Survive on minimum wage".
With 8$/h and assuming a 15% tax you earn 7$ an hour (6.8).
Working for 48hours a week that means 7x48x4=1344.
Let's make it a round 1400$
Please make a budget for this amount considering we are talking about an adult (let's call him Bob) not living with his parents, not having children (heaven's forbid, children on a minimum wage? preposterous).
You must first pay rent, utilities, groceries. Then see how many of the "luxuries" can you fit in : internet, phone, car payment and insurance, gas for the car, saving money(sometimes you need clothes, shoes, the car breaks down, you have a tooth cavity). Healthcare? Sure, get Bob some healthcare if you have money left.
After you finish the budget, post it here but also think how living in Bob's shoes might feel like. Do you think Bob might get married someday and have children on this budget? How would he raise them? if the landlord suddenly decides to kick him out for whatever reason, do you think Bob would have enough money saved to immediately get another apartment? If he gets sick, how bankrupt will he get?
So let's play "Survive on minimum wage".
With 8$/h and assuming a 15% tax you earn 7$ an hour (6.8).
Working for 48hours a week that means 7x48x4=1344.
Let's make it a round 1400$
Please make a budget for this amount considering we are talking about an adult (let's call him Bob) not living with his parents, not having children (heaven's forbid, children on a minimum wage? preposterous).
You must first pay rent, utilities, groceries. Then see how many of the "luxuries" can you fit in : internet, phone, car payment and insurance, gas for the car, saving money(sometimes you need clothes, shoes, the car breaks down, you have a tooth cavity). Healthcare? Sure, get Bob some healthcare if you have money left.
After you finish the budget, post it here but also think how living in Bob's shoes might feel like. Do you think Bob might get married someday and have children on this budget? How would he raise them? if the landlord suddenly decides to kick him out for whatever reason, do you think Bob would have enough money saved to immediately get another apartment? If he gets sick, how bankrupt will he get?