Living Wage Calculator Analysis
Write an article for a lifestyle magazine in US about how to be independent of money by not being slave or victim of today’s system:
The United States offers some of the best opportunities in the world to make a living. But make no mistake, living costs around the States can be high.
The Massachusetts Institute of Technology (MIT) came up with a tool called the Living Wage Calculator. According to this tool, the average wage in the United States is $15.84 per hour, before taxes, for a family of four (two working adults, two children). For most American families, the minimum wage does not even provide a living wage.
It might take something more than putting all your eggs in one basket to meet the rising expenses. That bungalow with the
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According to ⦁ niche.com, the top few cheapest cities (in terms of basic expenses) of the States to live in are - Fort Wayne, Toledo and Wichita.
⦁ On the flipside, it might also help to live around the suburbs of a city that pays very well. The top wage-earning cities in the US range from New York City, San Francisco to Boston. Time Magazine proposed the above statistic which reflects the cities in the United States with the highest minimum wage.
Living around the suburbs of these cities would mean that one can make huge earnings while saving on expenses like food, entertainment and exorbitant rent.
Did you know that Chico in California has an eco eco-friendly bar where you could hop on a free sustainability tour of the brewery? Chico is one of the cheapest places to live in California where you can bid bye to sunshine tax.
⦁ Choose your holidays wisely. Although the dollar in an international currency, conversion rates in certain European countries can be high. You can experience a similar riot of landscapes within the US, Africa and in the far East of the world, where conversion rates are relatively lower.
Always do your homework online before you decide to head out to that luxurious vacay spot which might burn a hole in your
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986 Words | 4 PagesCompare to the charts depending of the cost of living there are some changes that can take place and raising the minimum wage stats whereas living can be better for society and Americans. Minimum wage is an issue still today and is debated word wide with eclectic audiences. Minimum wage will always be looked at s priority and poverty with low income and housing as a minority family. When the day has set and the family is around the dinner table for dinner then the issue of minimum wage comes up in the conversation, how can the family do better, what can we do to be middle class if not top class where the millionaires lives and the status of a millionaire. Not sure how a millionaire lives but comparing to the stats society is way off to another side of the map.
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1993 Words | 8 PagesBecause the cost of living has welkin rocketed, it has become virtually infeasible to raise a family on a minimum wage job. A person living on his or her own cannot survive on minimum wage job either. Their living expense would just be exorbitant. The earnings of minimum wage workers are crucial to their families salubrity. Evidence from 2013 and 2014 minimum wage increase shows that an average minimum wage worker brings home more than a moiety of his or her family 's weekly earnings.
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1153 Words | 5 PagesIntroduction More numbers of state are joining to take action to raise the minimum wage to $15 per hour in a few years even though there is a high disputing controversial all over the nation. The federal has set the minimum wage level to $7.25 on Jan. 1, 2015. In less than a year the index number of the minimum wage is going up automatically with cost of living. And eventually it will be likely to increase year by year with automatic and expectation index.
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711 Words | 3 PagesA person working full time at the federal minimum wage of $7.25 per hour earns $15,080 in a year, which is 20% higher than the 2015 federal poverty level of $12,331 for a one-person household under 65 years of age, but 8% below the 2015 federal poverty level of $16,337 for a single-parent family with a child under 18 years of age (procon.org pro#2). If you put the minimum wage at $9.00, people will be able to live comfortably without unemployment rates going up. However, raising the minimum wage
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880 Words | 4 PagesMinimum wage and poverty With everything going on with the Walmart workers picketing for fifteen dollars an hour wages, the topic is widely discussed with many people taking many different sides. The essay “Raising the Minimum wage will reduce poverty” By Sharon Parrott and Jason Furman, They go into how they think the minimum wage should be raised in order to decrease poverty in america, Of course there are reasons to raise it and reasons to not raise it. Yet with the multitude of reasons for and against it, it’s hard to make a decision that makes everybody content, Some of the reasons not to raise it include, Raising it can make prices for everyday items go up, Why go and spend thousands of dollars on college when you could get a decent job right out of high school, and Why let workers who work at unskilled jobs make as much if not more than the military. Some reasons for minimum wage raising is, The fact that the cost of living is higher means people can’t survive with minimum wage without federal care, And just helping people get back on their feet when they couldn’t find a job. The reasons Minimum wage shouldn’t be raised outweigh the reasons it should.
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670 Words | 3 PagesThis poses the question: “Is the current minimum wage a livable wage?” The answer, unfortunately, comes back negative. The current federal minimum wage, at $7.25, is worth nearly 38 percent less compared to 1968 when the federal minimum wage was valued at its highest ($11.72 in 2016 dollars). Given the facts, it is justifiable to raise the federal minimum wage as it would amount to a more livable wage, stimulate the economy, and provide better circumstances for workers of color and women.
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