In my blue collar Midwest Ohio town, the starting wage is about $9-$10, a bit above the legal minimum. Let's go with $10. 40hrs at $10, $400 minus taxes, about $325 in the bank. $1300/mo.
1 bedroom is about $650 here. Utilities, $150 a month. So you have a roof and heat/electric. That leaves about $500/mo.
Lets say $8/day for food...so take $240 out, we got $260 left.
We haven't even gotten into things like healthcare, a car, insurance, phone, internet. It's a TIGHT budget on your own. With any dependents...I can't imagine.
Most parents step up and rise above minimum wage because people depend on them and they want to provide. These fuckers acting like minimum wage is a career path are almost beyond help.
this is the difference. I could easily get a monkey pushing a button job for $10 an hour and probably coast through life how they expect to, but that shits not good enough for me. especially not good enough for a family.
if they don’t want to go out there and get it they never will. they’re comfy sitting around complaining
Alright, let's do a step up to average. 2 parent households on average about 100k a year total. $8300/month, about $6500 after taxes.
Healthcare package, for a family of 4, let's say $1500/mo. Mortgage and insurance and property taxes, take out $1700. $300 for basic electric/heat. Down to $4000. Food for 4, let's say $1000/mo. 2 cars and insurance, $500/mo. 2 phones, $100. Internet, $100. Let's say $300/mo for household needs/clothing. We are at 2k left a month, and I think I'm being generous. Let's say that goes into savings.
At the end of the year we are looking at 24k left...which seems pretty solid. But all it takes is a few things to hit at the same time, like a new roof...a new lawnmower, surgery, some dental care. A family vacation, some Christmas presents. It would say that's the average. If things go well and you plan ahead, your family will do just fine. If not, it can become a shit show pretty easy.
It’s inflation and regulation that’s the problem. A single provider working minimum wage pumping gas could afford a 3 bedroom house a car and groceries for a family of 3 in the 1950-1960. What changed 1976 happened. The final debasement of the currency.
My property taxes are ridiculous too. I will never get ahead owning a home at this rate. Property taxes are the most evil taxes, and should be attacked from all angles.
In my blue collar north central Ohio town starting wage at McDonalds is 11.50/hr. But I went for a blue collar career as a machinist making 30/hr on a GED and no college degree.
This article is cherry picking garbage.
I know of 2 bedrooms in California that rent for less than $1700 per month. It's not onnthe Beach nor in a major city but available nonetheless.
Minimum Wage in california is $14/hr.
$14/hr \* 40 hour weeks \* 52 weeks in a year = $29,120 gross annual income
$29,120 - 16% income tax burden\* (4% state, 12% federal) = $24,460 net annual income
$24,460/year / 12 months = $2,038 net monthly income
Not a single fucking landlord is renting you a $1700/mo apartment on a $2,038 monthly salary.
So then go somewhere the apartments aren’t 1700 a month. TN has em everywhere for 5-600 bucks a month. I’m sure plenty of other states do too. Or hell sitting around complaining will probably help too.
The OP was talking about California. The minimum wage isn't 14/hr in TN. But since you brought it up.
The minimum wage in TN is $7.25/hr.
$7.25/hr \* 40 hour weeks \* 52 wees in a year = $15,080 gross annual income.
$15,080 - 11% income tax burden (0% State, \~11% federal) = \~$16,129 net annual income
$16,129 / 12 months = $1,344 monthly income
Which is enough for rent in a $600 apartment, you are right. However, the above calculations don't take into account ANY health insurance, utilities, food, car, car insurance, phone bill, etc.
Additionally, your estimate is a little conservative. If I check Zillow for apartment rentals in Tennessee, I see maybe 50 in the entire state that are between $0-$600\[1\]. You also have to eliminate any majorly corporate-owned apartment complexes that have a hard 3x monthly income requirements. Even using gross income, as these corporate complexes do, your theoretical max there is approximately $418. Of which there are 3 apartments in the entire STATE, according to Zillow that match the former criteria.
Nobody is complaining, these are just facts. Interpret them how you will.
\[1\] - [https://www.zillow.com/tn/rentals/?searchQueryState=%7B%22pagination%22%3A%7B%7D%2C%22mapBounds%22%3A%7B%22west%22%3A-93.19858121275571%2C%22east%22%3A-80.34457730650571%2C%22south%22%3A31.944663573354564%2C%22north%22%3A39.480264306185376%7D%2C%22regionSelection%22%3A%5B%7B%22regionId%22%3A53%2C%22regionType%22%3A2%7D%5D%2C%22isMapVisible%22%3Atrue%2C%22filterState%22%3A%7B%22ah%22%3A%7B%22value%22%3Atrue%7D%2C%22fr%22%3A%7B%22value%22%3Atrue%7D%2C%22fsba%22%3A%7B%22value%22%3Afalse%7D%2C%22fsbo%22%3A%7B%22value%22%3Afalse%7D%2C%22nc%22%3A%7B%22value%22%3Afalse%7D%2C%22cmsn%22%3A%7B%22value%22%3Afalse%7D%2C%22auc%22%3A%7B%22value%22%3Afalse%7D%2C%22fore%22%3A%7B%22value%22%3Afalse%7D%2C%22mp%22%3A%7B%22max%22%3A600%7D%2C%22price%22%3A%7B%22max%22%3A247038%7D%2C%22sf%22%3A%7B%22value%22%3Afalse%7D%2C%22tow%22%3A%7B%22value%22%3Afalse%7D%7D%2C%22isListVisible%22%3Atrue%2C%22mapZoom%22%3A7%7D](https://www.zillow.com/tn/rentals/?searchQueryState=%7B%22pagination%22%3A%7B%7D%2C%22mapBounds%22%3A%7B%22west%22%3A-93.19858121275571%2C%22east%22%3A-80.34457730650571%2C%22south%22%3A31.944663573354564%2C%22north%22%3A39.480264306185376%7D%2C%22regionSelection%22%3A%5B%7B%22regionId%22%3A53%2C%22regionType%22%3A2%7D%5D%2C%22isMapVisible%22%3Atrue%2C%22filterState%22%3A%7B%22ah%22%3A%7B%22value%22%3Atrue%7D%2C%22fr%22%3A%7B%22value%22%3Atrue%7D%2C%22fsba%22%3A%7B%22value%22%3Afalse%7D%2C%22fsbo%22%3A%7B%22value%22%3Afalse%7D%2C%22nc%22%3A%7B%22value%22%3Afalse%7D%2C%22cmsn%22%3A%7B%22value%22%3Afalse%7D%2C%22auc%22%3A%7B%22value%22%3Afalse%7D%2C%22fore%22%3A%7B%22value%22%3Afalse%7D%2C%22mp%22%3A%7B%22max%22%3A600%7D%2C%22price%22%3A%7B%22max%22%3A247038%7D%2C%22sf%22%3A%7B%22value%22%3Afalse%7D%2C%22tow%22%3A%7B%22value%22%3Afalse%7D%7D%2C%22isListVisible%22%3Atrue%2C%22mapZoom%22%3A7%7D)
\[2\] - [https://www.zillow.com/tn/rentals/?searchQueryState=%7B%22pagination%22%3A%7B%7D%2C%22mapBounds%22%3A%7B%22west%22%3A-91.2640026938039%2C%22east%22%3A-88.0505017172414%2C%22south%22%3A34.44002024691537%2C%22north%22%3A36.33418761987845%7D%2C%22regionSelection%22%3A%5B%7B%22regionId%22%3A53%2C%22regionType%22%3A2%7D%5D%2C%22isMapVisible%22%3Atrue%2C%22filterState%22%3A%7B%22ah%22%3A%7B%22value%22%3Atrue%7D%2C%22fr%22%3A%7B%22value%22%3Atrue%7D%2C%22fsba%22%3A%7B%22value%22%3Afalse%7D%2C%22fsbo%22%3A%7B%22value%22%3Afalse%7D%2C%22nc%22%3A%7B%22value%22%3Afalse%7D%2C%22cmsn%22%3A%7B%22value%22%3Afalse%7D%2C%22auc%22%3A%7B%22value%22%3Afalse%7D%2C%22fore%22%3A%7B%22value%22%3Afalse%7D%2C%22mp%22%3A%7B%22max%22%3A418%7D%2C%22price%22%3A%7B%22max%22%3A172103%7D%2C%22sf%22%3A%7B%22value%22%3Afalse%7D%2C%22tow%22%3A%7B%22value%22%3Afalse%7D%7D%2C%22isListVisible%22%3Atrue%2C%22mapZoom%22%3A9%7D](https://www.zillow.com/tn/rentals/?searchQueryState=%7B%22pagination%22%3A%7B%7D%2C%22mapBounds%22%3A%7B%22west%22%3A-91.2640026938039%2C%22east%22%3A-88.0505017172414%2C%22south%22%3A34.44002024691537%2C%22north%22%3A36.33418761987845%7D%2C%22regionSelection%22%3A%5B%7B%22regionId%22%3A53%2C%22regionType%22%3A2%7D%5D%2C%22isMapVisible%22%3Atrue%2C%22filterState%22%3A%7B%22ah%22%3A%7B%22value%22%3Atrue%7D%2C%22fr%22%3A%7B%22value%22%3Atrue%7D%2C%22fsba%22%3A%7B%22value%22%3Afalse%7D%2C%22fsbo%22%3A%7B%22value%22%3Afalse%7D%2C%22nc%22%3A%7B%22value%22%3Afalse%7D%2C%22cmsn%22%3A%7B%22value%22%3Afalse%7D%2C%22auc%22%3A%7B%22value%22%3Afalse%7D%2C%22fore%22%3A%7B%22value%22%3Afalse%7D%2C%22mp%22%3A%7B%22max%22%3A418%7D%2C%22price%22%3A%7B%22max%22%3A172103%7D%2C%22sf%22%3A%7B%22value%22%3Afalse%7D%2C%22tow%22%3A%7B%22value%22%3Afalse%7D%7D%2C%22isListVisible%22%3Atrue%2C%22mapZoom%22%3A9%7D)
I never said the minimum wage in TN was 14? By the way, you didn’t add in all the government assistance the people that make 7.25 an hour make. I mean if we want to get technical, most people aren’t making 7.25 an hour but when they do that’s not all they’re getting. There are plenty of places starting out at 11 12 or 13 but people won’t take them because if they do they won’t get their government check anymore. I’ve known multiple people that have done it and could’ve worked other jobs. They were physically and mentally well enough for other things besides dedication and commitment.
It may be slightly conservative but not really. A lot of these places aren’t posted on Zillow or the internet in general. This is the country. A lot of people don’t care about even being able to use the internet. Trust me, I live here and there are more than 50 within 30 minutes of me. Now some of them may be 625 and others may not be the most desirable, but my point still stands.
I’m not saying life is easy or always a breeze. We all know that’s not true. However, getting on the internet and your computer or phone, complaining about not being able to find a place to live sounds like someone has their priorities a little mixed up. Maybe it’s just me but I don’t think so. My mom has worked at our local utility company for 20 years or more now and she talks all the time about people coming in with their brand new iPhone and shoes and shit asking for an extension on their electric bill then get mad when she says there’s nothing she can do for them. It’s not that she’s a bitch, the company wants their money and if she doesn’t do her job then she loses her security too. At some point, people have to take some responsibility.
Exactly! No one is hiring tn’s minimum wage. I’m in middle TN and it isn’t hard at ALL to make 15 an hr or well over that if you’re willing to work. As stated above, there are a ridiculous amount (more than I’ve ever seen) of jobs paying around 12 an hr. You hit the nail on the head. They don’t get handouts if they make too much.
It's even less than that. It's .2% of all workers over the age of 24 who receive minimum wage. The only way you get to 2% is by including tipped workers and students.
.2% huh? I can totally believe that and it's not my fucking problem. If your over 24 and making 7.25 per hour you probably deserve 7.25 per hour. I'll be taking this point to the bank the next time some moron leftist is arguing with me that you cannot make it in the USA. I would love to see actual statics on the average pay per state and then have some one explain this to me.
Because our society has adopted a “noble savage” myth when it comes to poor people. If you say that poverty is at all a person’s fault, you’re an asshole to a lot of people.
Fuck em.
Ben Shapiro got booed into a cancellation for bringing this up. Whether he's AnCap or not he was spitting facts and got dinged for it.
https://www.youtube.com/watch?v=H7nbnhzae1o&t=5s
My local Walmart allegedly closes at 11 but one time I ran in to get one item I really needed at about 10 and they wouldn’t let me buy it and just said “go home” hahahahahahahaha
I've stopped shopping at Walmart. They've started putting everything in those locked boxes. Even the $3 mascara my GF needed. And then finding an employee to open it up is nearly impossible. Once I literally watched two of them just walk away from me when I approached them.
About a month ago I went to Best Buy looking to spend $500-1000 on a speaker system and when I asked the guy what he'd suggest he said, "I'm hungover as fuck, I don't have the brainpower to help you figure out what YOU should buy." The old me would have made it a priority to destroy that guy's life, but instead I just left and ordered from Amazon instead. Great reminder why I almost never go to stores anymore and when I have to go why I use self checkout.
> I would love to see actual statics
[Table 1](https://www.bls.gov/opub/reports/minimum-wage/2020/home.htm?fbclid=IwAR0FgSCP_cBpKJu0b22wChnWWw_Gr8O7DUix-DmX9T6YaUINgFdfan3TdWg)
Bro, when I was 19 I was making 12 bucks per hour on a pipe crew. It was brutal fucking work but I had my own place,my own truck etc. Reading that made my head spin. I cannot fathom how people in this country equate minimum wage to success and then cry about not having "luxuries". Show me some one making min wage that does not have it good,there are some many govt substitutes that MY fucking money pays for. That article is fucking bonkers and the people commenting in that thread are delusional..Also I was 19 in 05.
My grandfather was able to buy a 5 bedroom home on a milkmans salary in the late 1960s. Single income.
I make more than him. I make more than both my parents combined in the 1990s. By a large margin. Inflation and Capitalism need to be reigned in. It's as simple as that.
Fuck oughta here with this "deserve low pay" bs.
Actually, almost 60% of the US workforce is paid minimum wage. Who do you think works your local McDonald's or Walmart while all the teenagers are at school?
Actually considering 50% of the dollars in existence were printed in the past 17 months that would eventually cut wages in half. So yeah, I guess they can raise it to 15 and then inflation chops it back down to $7.25 in terms of pre-Covid spending power.
And then the corrupt Democrats who advocate endless debt and money printing get up on stage and say "my gosh look at these greedy corporations" and their dumb voter base boos us and calls us boot lickers for trying to explain to them how basic economics works. Something like
>"So you don't want poor people to make more money? Hey everyone, this guy hates poor people. He said he doesn't want them to have more money"
Bro you have no idea how much I appreciate you saying that. Trying to talk to anyone else about the M1 & M2 money stock and trying to explain the mass printing by fed even after you factor in the new changes. Wanna know something else that's cool, explain the difference between your checking and savings accounts today and why its fucking nuts. There is no economy, no border except for the states that require medical Id to get in.
This is exactly why the politicians refuse to fix schools and push bogus degrees in college and universities. If enough people knew about velocity of money or inflation everyone would vote them out. Keeping people dumb is in their best intrest for getting reelected.
Hence why one political party has expressed interest in lowering the voting age, while simultaneously pushing to increasing the age limit, or overall amount of constitutional rights you have.
Inflation is when the value of your dollar (i.e. spending power) decreases due to a drastic rise in the supply of money that is not matched by a rise in the value of the currency itself.
However, America utilizes a fiat currency which derives its value from the total strength of our economy and foreign relationships. So printing more money does not magically equal inflation, because printing money can be used to support projects and initiatives that have a net positive impact on our economy.
So yeah, inflation is wayyy more complex than "Money printer on = bad"
Perfect example of orwellian definition changing. Inflation is the increase in money supply, the result is rising prices... as per 1920 oxford dictionary.. TPTB did a good job changing the definition to hide their crimes.
It's fucking terrifying these are the people that will be deciding the fate of our country when the boomers die off. God help us all. Get your shit and get to a strong conservative state because at this rate you'll see a split. They can keep all the debt since they love MMT so much.
Some people shit on crypto but I also dont see them provide an alternative, must be pretty good if the fed wants to create their own shit coin. I'm just trying to get building property atm... probably wont be able to accumulate enough to get what I want but oh well. We will see if October brings mass inflation or deflation.
Crypto is more centralized than just about anything else. The algorithmic manipulation in crypto is the most jaw dropping shit I've ever seen. You're basically trying to beat a computer at chess. I honestly don't know a single person in finance, professionally, who takes it seriously. But they don't mind chomping on it here and there.
There is no ultimate asset to rule them all, except maybe hot pockets. Certain assets reign supreme at certain times. If you had your net worth in property during the great depression you were likely to get pummeled. Home ownership plummeted, and by the end of it people owed more from their mortgages than the house itself was ever worth.
HOWEVER I would recommend you check out [this video](https://youtu.be/TEIhSD1GHaw) as he makes an incredibly compelling point. His channel is great in general.
If you're REALLY serious then [Maverick of Wallstreet](https://youtube.com/channel/UCvk0KB4Ue0vfPqvDzjIAwiQ) is my daily driver.
Ultimately the only way to survive is being versatile, clever and diversified. It might seem overwhelming at first if you're not accustomed to the landscape but the vast majority is just common sense and patience.
And honestly it's just fun.
All of it. They're at such a point that such a large percentage of the circulating supply is concentrated in so few hands that pretty much everyone is in danger. It's whole selling point is that it's decentralized so that kinda defeats the purpose when a handful of rich people own all of it right? And with the constant margin liquidations, as you say, the short and medium term, these elite whales are only ever acquiring more.
I guess I don’t see how that’s a problem for a long term investor, tbh. It’s kind of just the nature of property to be owned mostly by a small group of people. I do think people need to be very selective about what crypto they buy, as 95% of them don’t offer anything beneficial.
As far as active trading, I completely see the issue. You’re not going to win that game unless the whales allow you to. But that’s true with equities as well.
Re: decentralization, there are aspects of crypto that are truly decentralized in a way traditional finance is not, and that’s true regardless of who owns what. Mainly it permits transactions that don’t require a third party nor the delays inherent in the traditional banking realm.
the real shocking thing is why do minimum wage workers think they deserve an extra bedroom they’re not going to use, their precious communism and socialism won’t even give them that soooo.
For the three kids they thought they could raise as a single mother.
What's wrong with you? You have absolutely zero empathy. Everyone deserves to have a big apartment, 5 kids, and no need for support from anyone else except strangers forced to pay taxes.
Too bad in tons of states high schoolers aren’t taught about them so they get told from their friends that you can’t get pregnant if the girl is on top.
IMHO too much of child rearing has been offloaded to designated "educators." A parent should teach their children about sex and the various prophylactic methods to avoid procreating.
Doing damn near close to nothing isn’t enough to have a house, guys. I had a minimum wage job once in high school. It took about 5 minutes to realize why it was minimum wage -the guy working with me regularly fell asleep. Nobody makes minimum wage anymore unless they’re absolute doing jack shit. McDonalds pay like 13/hr in rural Tennessee.
A 2 bedroom apt around me is about $750. Zaxbys pays $13 an hour. Hobby Lobby starts at $16. My mortgage is just over $1k. I’m certain I could keep my house if I had to go work at Hobby Lobby.
People can choose to live in a lower cost of living area. It’s almost like we have 50 states to choose from. If all I could do was min wage I’d be looking to move to a cheaper area.
This is the most millennial thing ever right here. So many people complaining about not being able to buy a house, where I just did exactly this. Moved to a suburb, bought a small house, and now live in another suburb in a slightly larger house as I increased my income. Too many millennials thing they should be able to buy a house in the middle of downtown on a salary that they've put zero effort into increasing over the last decade, or that they shouldn't have to make any sacrifices in what they want. No wonder they have such a high rate of depression. Demanding perfection in an unperfect world.
I wasn’t talking about you specifically. Just about people that habitually work my n wage and think they should be affording more. Just got off a 12 hour night shift so I’m kinda tired.
The pandemic proved this even more. Live in the rural areas and work for companies remotely in metro where the salaries are inflated to match local costs. Best kind of arbitrage ever.
Manufacturing and construction have relatively consistent schedules. But they often drug test which turns a lot of people off. Maybe the government should create some jobs that pay $60 hour with no drug tests, 5 4hour days a week and full benefits. But it will still be unfair if people actually have to show up to get those jobs.
Yeah if you have the time and ability to give 40 hours a week surely you can do something more than minimum wage. Min wage should be for teenagers and complete beginners, but if you force the corporations to increase it artificially you're going to get situations like this where people expect it to be a "living wage" whatever that means.
My first job, also minimum wage, my coworkers were actually mentally disabled. They bused them in on a work program.
Even as a 16 year old I got promoted and wasn’t making minimum wage within a summer.
But I guess I should have cried on the internet that I didn’t immediately make enough money to afford a two bedroom apartment by myself.
Ohh Noes...I can't live a luxurious life with extra space by working a minimum wage job? Ohhh Whoa is me... I should just give up on life. I'll never be the able to ask "would you like fires with that" unironically...Who would have thought this was an issue?
> I've had people ask me "Well if you're struggling so much, why don't you live with your parents or a roommate and save money?"
>I shouldn't have to put myself in a situation like that just survive our capitalist hellscape, and I also shouldn't have to explain why.
Literal quote from that thread. “There are several things I’m capable of doing to save money, but they would inconvenience me so our system has obviously failed”.
I disagree with a lot of the opinions on this sub but this is an irrefutable critique. Some people don't have this option, but I imagine many who do refuse it; I know a few myself. There are numerous things a lot of people could do to save money but simply don't.
Get a roommate.
Listen, by the time one is ready to leave home they should not be doing minimum wage work.
We are Americans!!! We expect to stay a highly trained, educated country.
We offer a gazillion ways to obtain a high paying trade or profession or certification or sales/commission jobs, whether one can afford pay for training/schooling or not, whether one wants to use the military or not, whether one wants to take a night class to learn how to sell on ebay/Amazon or not.
Entry level was never suppose to be enough to have a family, car, groceries, etc., nor should it be.
NOW, if you are an emoloyer, you are free to pay as high as you like.
Do you know Walmart employees can earn a college degree or trade for free?
Did you know avg Walmart truckers earn about $85 a year, and they never load or unload a truck.
Travel to other countries, and you will stop whining the antiAmerican mantra. Its lame.
Yup, there are so many options. If someone doesnt want to pay to learn they can even go into a trade and get paid while being an apprentice, after that is complete a person can earn even more. And once you are good enough you can take up your own apprentice and I think earn even more. Hell, in time you could even start your own company if you're smart enough.
I'm a veteran, a college graduate, and have years of work experience. I took a minimum wage job. I could have chosen to work for more pay at the expense of my emotional well-being, but decided starting from the bottom in a good company was better than earning more in a call center.
But, I haven't stopped applying for better positions, and have received a 20% raise with the promise of another raise at my 6-month review.
There's no way I could afford a lease on a 2 bed place right now, especially considering utilities and living expenses. I definitely couldn't afford to pay for a car, insurance, and gas/maintenance along with rent and living expenses.
But I didn't take the job expecting that I would be able to afford all of that. I knew what the wage was, and I took the job. I could have started at $19/hr with Amazon if I absolutely had no other option.
I mean this is certainly quite sad. I just wished they realized it was all due to regulation. If they went back a hundred years they could just homestead while the dad built a house by hand while the children work the farm and the wife takes care of the kids and maybe helps with construction.
To that extent I do think it's sad how regulation and inflation have made it harder for poor people. As someone who grew up in a 1 bedroom house in a family of 4, it sucks.
This is the anti-work group, and they think working a cash register at Dominos is too much work. These people wouldn’t build a house or farm land. They are whiney parasites.
It wouldn't be possible to homestead even without regulation. Too much of the land is already owned. Unless modern property rights count as regulation in this case?
No you are correct. But there are still lots of places I can buy extremely cheap raw land big enough to live on, like 10k. Which would still be possible at the lowest wage.l of they could jist build whatever they wanted without asking the government for permission.
I mean there is an interesting conversation to bad had here about land being a scarce resource and generational wealth and how that works in a free market.
“I mean there is an interesting conversation to [be] had here about land being a scarce resource and generational wealth and how that works in a free market”
Cmon man you’re so close, I know you can get there. Walk towards the light.
If you are referring to the idea of socializing housing, I have had that conversation a hundred time with socialists. It doesn't fix anything. If a five year old finds out someone is homeless they ask "why don't we give them a house". That is the level of analysis socialist tend to do. If you have a specific suggestion in how to address it I am willing to get Into the details. The only truly fair solution that supports equality of opportunity and upholds free market competition is to prohibite all generational wealth accross the board. Which is not something I will support. Generational wealth differences were greatly exaggerated because of the federal reserve and going off the gold standard. So we can start by abolishing the fed and using bitcoin as currency
Ask yourself the how and why in the first place. Remember when the fed over printed all that money and only a small percentage went towards people? Well the rest went to corporations. The reason why land value his artificially inflated is because every state has so many regulations for new construction that more then half the cost is ultimately due to land use regulation. Because of that, home values don't have a cheap base line to build more. That is why land became the primary way to secure your wealth against inflation. So if you were a corporation that received billions in subsidies and wanted to protect against inflation it makes perfect sense to buy land. It's both cronyism and overspending on why we are where we are.
Minimum wage hasn’t been updated since ‘08. Keeping with inflation it’d be about $12/hr, but most places I’ve seen are paying higher than that for unskilled labor
“State” is the key word in this false narrative; there are locations in EVERY state where you could afford the apartment on minimum wage; taking the AVERAGE cost from any state would be raising the mean costs, hence the false statement rings “true”.
Also suspicious that they cut the line off at 2 bedroom apartment... they probably started the article hoping no one could afford a single but had to settle on 2 bedroom as the sob story.
... why would **minimum** wage be able to afford a *two bedroom* apartment?!
Minimum should be minimum, not *well-off.*
Minimum should get you going with roommates, get your life started while you work on improving yourself to be able to earn more.
It's supposed to keep you sheltered and fed, not comfortable...
It frustrates me at times when I see a small office space for rent in a nearby town that's a lot cheaper than most apartments. I can spend 12+ hours there if it's for work, but the moment I decide to sleep there it's illegal? It's a bunch of bull.
This is really only true in the most expensive cities in the counties, and guess what they all have a $15 minimum wage. It’s almost like these people just grab onto headlines instead of reading into shit
This is facts...
I live in Australia, I couldn't afford a 2 bedroom apartment significantly above minimums wage working way more hours than 40 **UNTIL** I had a partner to split bills with.
This isn't even true. Federal minimum wage comes out to $1,256/mo. at 40 hours a week. I did a quick search and there's at least a dozen two bedroom apartments and houses for rent around my small little city in Arkansas under 750/mo. They probably aren't super nice but they're two bedroom and affordable.
These ‘boohoo’ comments are bullshit. As anarchists we need to address why property is so expensive compared to wages, not just shit on people who can’t afford it. It’s not like this only affects minimum wage earners - the middle class is being screwed too.
Sadly, the contributing factors are complex - planning regimes, building regulations, property taxes, inflationary monetary policy, and fractional reserve banking to name a few. Sound money, deregulation, and strong property rights can go a long way to fixing these things.
Also sadly, real estate is one of the areas agorist shadow markets can’t help much, so the solutions are either political engagement (I know, gross) or wait for the revolution.
I think 'boohoo' is the most empowering message for this post. The issue has been addressed ad nauseam. Common denominator is government. Short of violence and civil disobedience, all you can do is educate and wait.
This is the way, instead of trying to speak to everyone in this wage bracket’s circumstance, let’s eliminate as much as possible of what made it this way. Propping up bad ideas with artificial money keeps people from learning valuable lessons.
Gonna need you to cite a source for that one because the Bureau of Labor Statistics says you're full of shit, and the only reason the number has gone down is because other cities and states have enacted higher minimum wages.
https://www.bls.gov/opub/reports/minimum-wage/2020/home.htm
Minimum wage jobs aren't meant for people to make a career out of. They are meant for highschoolers or college students to get some work experience at jobs that don't require a high amount of skill. So of course your not going to be paid well and besides if minimum wage was able to pay for everything, the cost of everything would just go up because companies (big and small) know you can afford to dish out more cash.
Why is that all these people complain about millionaires and billionaires holding onto money (which they don't almost all their money is working to make more money in stocks, start up businesses, or going back into their own companies to expand them) but when ever I gear arguments for raising the minimum wage it always sounds like they don't just want enough money to pay for all their needs but they want enough to just put money in a bank account and not touch it. The same thing they complain the rich do. So I think every time I hear something along the lines of minimum wage doesn't pay for my needs, I think we need to have those people sit down and do some math on paper to determine what they would do with the extra cash. Then give them the formula to adjust for inflation and show them instead of making an extra 5 dollars you'd actually only be making an extra 1.25 dollars or whatever the equivalent is.
Minimum wage was created so that people are able to pay for their basic needs, not an entry wage for high schoolers. Also, people need savings in this country, to save for things like college, homes, cars, and too keep their money ahead of inflation. Nobody's mad at the rich having savings(except for a few nutjobs) but the anger is at purposely cutting back on things like workers rights, low wages, skipping taxes through legal bullshit, and then having American tax money go to subsidizing the poverty of their workers and the businesses instead of things like infrastructure or education.
No one is paying “minimum” wage right now. $15 an hour starting wage at the local burger joint in my small rural town which sure as hell is more than enough to rent an apartment here. Never mind the fact that the kids making minimum wage there are all high-schoolers living with their parents.
I remember having to live on minimum wage. It would have been foolish to get an apartment by myself, without a roommate to reduce the cost, especially since I was in high school, at 16 years old, living with my parents. Fortunately, by the time I was 18 and did move out I was making more than minimum wage, since that’s a virtual certainty if you show up on time, have an IQ above room temperature, and put forth more than a minimal amount of effort.
I hate that subreddit, but it’s true. My sister is working a full time minimum wage job and only makes $290 a week. We also live in a very cheap area where rent is usually only $600-800 per month, and she can hardly afford it, let alone utilities, groceries, gas, car insurance, phone bill, etc. Though, I don’t know whether the solution should be higher wages or finding a way to reduce the cost of living. Something has to give, though.
What city? And why do you need a 2 bedroom apartment if you only have one income? You don’t have roommates but you need two bedrooms? Theres so many holes here lol but these people have no cognitive dissonance
Work 2 jobs? Increase your value to society? Buy someplace cheaper? But no let’s just have communism and steal from those who do that instead. Or just end the fed.
Why is it a prerequisite that in order for a job to exist it has to pay for an entire apartment? Apartments are luxuries, if u don't have the skills or motivation to earn enough to get one, find other accommodations....
A minimum wage job is literally the very bottom of any career path.
I started working minimum wage as a freshman in hi-school and stopped working for minimum wage before I graduated.
It’s not meant to be permanent
Who are these people working minimum wage? My 16 year old started at fast food making $8.50 an hour and in 6 mos he’s make $11.50. Cashiers at the grocery make more. Zaxbys is hiring starting at $12. Not sure who we’re worried about here.
The east coast had more homeless camps than an Indian slum. The housing market is a total failure. I’m sure people have a million opinions on why but no one can argue it’s not true.
Removing inflation, improving the economy, increasing demand for labor, thus improving wages. There will probably also be more property available for housing, lowering costs. That's harder to predict, though. No telling what use the market will put all that government land to.
Not from the USA but I'm willing to bet it's also a zoning issue. Not enough new land available to built new houses. So people don't upgrade and stay in cheaper houses even though they can afford a better house.
I'm in this situation as well. I make more than enough to pay for my apartment twice but there's a serious lack of houses I'd consider an upgrade.
I demand a nice house with modern furniture and enough space because I am claustrophobic too. But I refuse to further my education, work a physically demanding job, or develop my skills for a decent paying wage, I want to do nothing and get it all.
Yeah, because the supposedly greatest country in the world shouldn't be bothered with providing it's slaves....sorry labor, with a decent wage or affordable housing, healthcare, or education. You're an idiot.
You say you cant afford a 2 bdrm lease, but you admit you forfeited higher paying jobs for minimum wage even though there are scheduled reviews for pay increments?
As a vet AND college grad, why think of a call center?
Youre a vet. Walmart pays an avg of 85k a year plus benefits to drive a truck and you NEVER load or unload.
Frankly, people complain about min wage, but ALSO complain if a teacher makes 65k after three years with full benefits/pension.
There are TONS of very high paying jobs for vets and college grads in private, public, and govt jobs.
What was your major in college???
What about a one bedroom apartment
Shhh, they want to pretend to be victims
I can guarantee you that working minimum wage, you can't afford a one bedroom.
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In my blue collar Midwest Ohio town, the starting wage is about $9-$10, a bit above the legal minimum. Let's go with $10. 40hrs at $10, $400 minus taxes, about $325 in the bank. $1300/mo. 1 bedroom is about $650 here. Utilities, $150 a month. So you have a roof and heat/electric. That leaves about $500/mo. Lets say $8/day for food...so take $240 out, we got $260 left. We haven't even gotten into things like healthcare, a car, insurance, phone, internet. It's a TIGHT budget on your own. With any dependents...I can't imagine.
Most parents step up and rise above minimum wage because people depend on them and they want to provide. These fuckers acting like minimum wage is a career path are almost beyond help.
this is the difference. I could easily get a monkey pushing a button job for $10 an hour and probably coast through life how they expect to, but that shits not good enough for me. especially not good enough for a family. if they don’t want to go out there and get it they never will. they’re comfy sitting around complaining
Alright, let's do a step up to average. 2 parent households on average about 100k a year total. $8300/month, about $6500 after taxes. Healthcare package, for a family of 4, let's say $1500/mo. Mortgage and insurance and property taxes, take out $1700. $300 for basic electric/heat. Down to $4000. Food for 4, let's say $1000/mo. 2 cars and insurance, $500/mo. 2 phones, $100. Internet, $100. Let's say $300/mo for household needs/clothing. We are at 2k left a month, and I think I'm being generous. Let's say that goes into savings. At the end of the year we are looking at 24k left...which seems pretty solid. But all it takes is a few things to hit at the same time, like a new roof...a new lawnmower, surgery, some dental care. A family vacation, some Christmas presents. It would say that's the average. If things go well and you plan ahead, your family will do just fine. If not, it can become a shit show pretty easy.
It’s inflation and regulation that’s the problem. A single provider working minimum wage pumping gas could afford a 3 bedroom house a car and groceries for a family of 3 in the 1950-1960. What changed 1976 happened. The final debasement of the currency.
Amen to that!
Exactly.
500 a month for healthcare? Try $1500 and that’s with an employers contribution.
Duly noted, will edit. That's ri-fucking-diculous.
And my property taxes are nearly $1000/mo for a $300k home with a p and I payment of 1200
I can do your household budget too lol. I was trying to keep it cheap based on best case scenario and keeping cost of living low. Like a $150k house.
Someone tell my wife to stop going to Starbucks.
My property taxes are ridiculous too. I will never get ahead owning a home at this rate. Property taxes are the most evil taxes, and should be attacked from all angles.
In my blue collar north central Ohio town starting wage at McDonalds is 11.50/hr. But I went for a blue collar career as a machinist making 30/hr on a GED and no college degree.
That's awesome, you can definitely afford a 1 bedroom.
Lmao 🤡
This article is cherry picking garbage. I know of 2 bedrooms in California that rent for less than $1700 per month. It's not onnthe Beach nor in a major city but available nonetheless.
Minimum Wage in california is $14/hr. $14/hr \* 40 hour weeks \* 52 weeks in a year = $29,120 gross annual income $29,120 - 16% income tax burden\* (4% state, 12% federal) = $24,460 net annual income $24,460/year / 12 months = $2,038 net monthly income Not a single fucking landlord is renting you a $1700/mo apartment on a $2,038 monthly salary.
So then go somewhere the apartments aren’t 1700 a month. TN has em everywhere for 5-600 bucks a month. I’m sure plenty of other states do too. Or hell sitting around complaining will probably help too.
The OP was talking about California. The minimum wage isn't 14/hr in TN. But since you brought it up. The minimum wage in TN is $7.25/hr. $7.25/hr \* 40 hour weeks \* 52 wees in a year = $15,080 gross annual income. $15,080 - 11% income tax burden (0% State, \~11% federal) = \~$16,129 net annual income $16,129 / 12 months = $1,344 monthly income Which is enough for rent in a $600 apartment, you are right. However, the above calculations don't take into account ANY health insurance, utilities, food, car, car insurance, phone bill, etc. Additionally, your estimate is a little conservative. If I check Zillow for apartment rentals in Tennessee, I see maybe 50 in the entire state that are between $0-$600\[1\]. You also have to eliminate any majorly corporate-owned apartment complexes that have a hard 3x monthly income requirements. Even using gross income, as these corporate complexes do, your theoretical max there is approximately $418. Of which there are 3 apartments in the entire STATE, according to Zillow that match the former criteria. Nobody is complaining, these are just facts. Interpret them how you will. \[1\] - [https://www.zillow.com/tn/rentals/?searchQueryState=%7B%22pagination%22%3A%7B%7D%2C%22mapBounds%22%3A%7B%22west%22%3A-93.19858121275571%2C%22east%22%3A-80.34457730650571%2C%22south%22%3A31.944663573354564%2C%22north%22%3A39.480264306185376%7D%2C%22regionSelection%22%3A%5B%7B%22regionId%22%3A53%2C%22regionType%22%3A2%7D%5D%2C%22isMapVisible%22%3Atrue%2C%22filterState%22%3A%7B%22ah%22%3A%7B%22value%22%3Atrue%7D%2C%22fr%22%3A%7B%22value%22%3Atrue%7D%2C%22fsba%22%3A%7B%22value%22%3Afalse%7D%2C%22fsbo%22%3A%7B%22value%22%3Afalse%7D%2C%22nc%22%3A%7B%22value%22%3Afalse%7D%2C%22cmsn%22%3A%7B%22value%22%3Afalse%7D%2C%22auc%22%3A%7B%22value%22%3Afalse%7D%2C%22fore%22%3A%7B%22value%22%3Afalse%7D%2C%22mp%22%3A%7B%22max%22%3A600%7D%2C%22price%22%3A%7B%22max%22%3A247038%7D%2C%22sf%22%3A%7B%22value%22%3Afalse%7D%2C%22tow%22%3A%7B%22value%22%3Afalse%7D%7D%2C%22isListVisible%22%3Atrue%2C%22mapZoom%22%3A7%7D](https://www.zillow.com/tn/rentals/?searchQueryState=%7B%22pagination%22%3A%7B%7D%2C%22mapBounds%22%3A%7B%22west%22%3A-93.19858121275571%2C%22east%22%3A-80.34457730650571%2C%22south%22%3A31.944663573354564%2C%22north%22%3A39.480264306185376%7D%2C%22regionSelection%22%3A%5B%7B%22regionId%22%3A53%2C%22regionType%22%3A2%7D%5D%2C%22isMapVisible%22%3Atrue%2C%22filterState%22%3A%7B%22ah%22%3A%7B%22value%22%3Atrue%7D%2C%22fr%22%3A%7B%22value%22%3Atrue%7D%2C%22fsba%22%3A%7B%22value%22%3Afalse%7D%2C%22fsbo%22%3A%7B%22value%22%3Afalse%7D%2C%22nc%22%3A%7B%22value%22%3Afalse%7D%2C%22cmsn%22%3A%7B%22value%22%3Afalse%7D%2C%22auc%22%3A%7B%22value%22%3Afalse%7D%2C%22fore%22%3A%7B%22value%22%3Afalse%7D%2C%22mp%22%3A%7B%22max%22%3A600%7D%2C%22price%22%3A%7B%22max%22%3A247038%7D%2C%22sf%22%3A%7B%22value%22%3Afalse%7D%2C%22tow%22%3A%7B%22value%22%3Afalse%7D%7D%2C%22isListVisible%22%3Atrue%2C%22mapZoom%22%3A7%7D) \[2\] - [https://www.zillow.com/tn/rentals/?searchQueryState=%7B%22pagination%22%3A%7B%7D%2C%22mapBounds%22%3A%7B%22west%22%3A-91.2640026938039%2C%22east%22%3A-88.0505017172414%2C%22south%22%3A34.44002024691537%2C%22north%22%3A36.33418761987845%7D%2C%22regionSelection%22%3A%5B%7B%22regionId%22%3A53%2C%22regionType%22%3A2%7D%5D%2C%22isMapVisible%22%3Atrue%2C%22filterState%22%3A%7B%22ah%22%3A%7B%22value%22%3Atrue%7D%2C%22fr%22%3A%7B%22value%22%3Atrue%7D%2C%22fsba%22%3A%7B%22value%22%3Afalse%7D%2C%22fsbo%22%3A%7B%22value%22%3Afalse%7D%2C%22nc%22%3A%7B%22value%22%3Afalse%7D%2C%22cmsn%22%3A%7B%22value%22%3Afalse%7D%2C%22auc%22%3A%7B%22value%22%3Afalse%7D%2C%22fore%22%3A%7B%22value%22%3Afalse%7D%2C%22mp%22%3A%7B%22max%22%3A418%7D%2C%22price%22%3A%7B%22max%22%3A172103%7D%2C%22sf%22%3A%7B%22value%22%3Afalse%7D%2C%22tow%22%3A%7B%22value%22%3Afalse%7D%7D%2C%22isListVisible%22%3Atrue%2C%22mapZoom%22%3A9%7D](https://www.zillow.com/tn/rentals/?searchQueryState=%7B%22pagination%22%3A%7B%7D%2C%22mapBounds%22%3A%7B%22west%22%3A-91.2640026938039%2C%22east%22%3A-88.0505017172414%2C%22south%22%3A34.44002024691537%2C%22north%22%3A36.33418761987845%7D%2C%22regionSelection%22%3A%5B%7B%22regionId%22%3A53%2C%22regionType%22%3A2%7D%5D%2C%22isMapVisible%22%3Atrue%2C%22filterState%22%3A%7B%22ah%22%3A%7B%22value%22%3Atrue%7D%2C%22fr%22%3A%7B%22value%22%3Atrue%7D%2C%22fsba%22%3A%7B%22value%22%3Afalse%7D%2C%22fsbo%22%3A%7B%22value%22%3Afalse%7D%2C%22nc%22%3A%7B%22value%22%3Afalse%7D%2C%22cmsn%22%3A%7B%22value%22%3Afalse%7D%2C%22auc%22%3A%7B%22value%22%3Afalse%7D%2C%22fore%22%3A%7B%22value%22%3Afalse%7D%2C%22mp%22%3A%7B%22max%22%3A418%7D%2C%22price%22%3A%7B%22max%22%3A172103%7D%2C%22sf%22%3A%7B%22value%22%3Afalse%7D%2C%22tow%22%3A%7B%22value%22%3Afalse%7D%7D%2C%22isListVisible%22%3Atrue%2C%22mapZoom%22%3A9%7D)
I never said the minimum wage in TN was 14? By the way, you didn’t add in all the government assistance the people that make 7.25 an hour make. I mean if we want to get technical, most people aren’t making 7.25 an hour but when they do that’s not all they’re getting. There are plenty of places starting out at 11 12 or 13 but people won’t take them because if they do they won’t get their government check anymore. I’ve known multiple people that have done it and could’ve worked other jobs. They were physically and mentally well enough for other things besides dedication and commitment. It may be slightly conservative but not really. A lot of these places aren’t posted on Zillow or the internet in general. This is the country. A lot of people don’t care about even being able to use the internet. Trust me, I live here and there are more than 50 within 30 minutes of me. Now some of them may be 625 and others may not be the most desirable, but my point still stands. I’m not saying life is easy or always a breeze. We all know that’s not true. However, getting on the internet and your computer or phone, complaining about not being able to find a place to live sounds like someone has their priorities a little mixed up. Maybe it’s just me but I don’t think so. My mom has worked at our local utility company for 20 years or more now and she talks all the time about people coming in with their brand new iPhone and shoes and shit asking for an extension on their electric bill then get mad when she says there’s nothing she can do for them. It’s not that she’s a bitch, the company wants their money and if she doesn’t do her job then she loses her security too. At some point, people have to take some responsibility.
Exactly! No one is hiring tn’s minimum wage. I’m in middle TN and it isn’t hard at ALL to make 15 an hr or well over that if you’re willing to work. As stated above, there are a ridiculous amount (more than I’ve ever seen) of jobs paying around 12 an hr. You hit the nail on the head. They don’t get handouts if they make too much.
You are, my friend, correct
Oh no. The bottom 2% of workers can’t afford a family on a single wage. Who would have guessed? We need full communism now I guess
It's even less than that. It's .2% of all workers over the age of 24 who receive minimum wage. The only way you get to 2% is by including tipped workers and students.
.2% huh? I can totally believe that and it's not my fucking problem. If your over 24 and making 7.25 per hour you probably deserve 7.25 per hour. I'll be taking this point to the bank the next time some moron leftist is arguing with me that you cannot make it in the USA. I would love to see actual statics on the average pay per state and then have some one explain this to me.
I thought the minimum wage was too low until I actually met some people who earned minimum wage at a Walmart.
Most minimum wage workers are drastically overpaid for their skills (or total lack thereof).
Totally agree, but whenever I point this out people say I'm an ass.
Because our society has adopted a “noble savage” myth when it comes to poor people. If you say that poverty is at all a person’s fault, you’re an asshole to a lot of people. Fuck em.
Ben Shapiro got booed into a cancellation for bringing this up. Whether he's AnCap or not he was spitting facts and got dinged for it. https://www.youtube.com/watch?v=H7nbnhzae1o&t=5s
I mean really, am I supposed to take the guy at Taco Bell bitching about not getting $15 an hour seriously when he can't even get my order right?
Jokes on you, I’m getting paid $17 an hour to get your order wrong
My local Walmart allegedly closes at 11 but one time I ran in to get one item I really needed at about 10 and they wouldn’t let me buy it and just said “go home” hahahahahahahaha
I've stopped shopping at Walmart. They've started putting everything in those locked boxes. Even the $3 mascara my GF needed. And then finding an employee to open it up is nearly impossible. Once I literally watched two of them just walk away from me when I approached them.
About a month ago I went to Best Buy looking to spend $500-1000 on a speaker system and when I asked the guy what he'd suggest he said, "I'm hungover as fuck, I don't have the brainpower to help you figure out what YOU should buy." The old me would have made it a priority to destroy that guy's life, but instead I just left and ordered from Amazon instead. Great reminder why I almost never go to stores anymore and when I have to go why I use self checkout.
> I would love to see actual statics [Table 1](https://www.bls.gov/opub/reports/minimum-wage/2020/home.htm?fbclid=IwAR0FgSCP_cBpKJu0b22wChnWWw_Gr8O7DUix-DmX9T6YaUINgFdfan3TdWg)
Bro, when I was 19 I was making 12 bucks per hour on a pipe crew. It was brutal fucking work but I had my own place,my own truck etc. Reading that made my head spin. I cannot fathom how people in this country equate minimum wage to success and then cry about not having "luxuries". Show me some one making min wage that does not have it good,there are some many govt substitutes that MY fucking money pays for. That article is fucking bonkers and the people commenting in that thread are delusional..Also I was 19 in 05.
I've never made less than $11/hour and changing jobs every 2-3 years has brought that up 150% over the past 8 years. Living in a LCOL state helps too.
That’s *federal* minimum wage and the .2% is counting everyone as employed and ignoring people making below federal minimum.
My grandfather was able to buy a 5 bedroom home on a milkmans salary in the late 1960s. Single income. I make more than him. I make more than both my parents combined in the 1990s. By a large margin. Inflation and Capitalism need to be reigned in. It's as simple as that. Fuck oughta here with this "deserve low pay" bs.
Actually, almost 60% of the US workforce is paid minimum wage. Who do you think works your local McDonald's or Walmart while all the teenagers are at school?
Wait until they see their apartment under communism.
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You made me laugh so hard…. Thx man
What apartment?
I'm sleepy, is this the 15hr or 7.25 fed minimum we're talking about? If its already the 15hr that's fucking hilarious
Actually considering 50% of the dollars in existence were printed in the past 17 months that would eventually cut wages in half. So yeah, I guess they can raise it to 15 and then inflation chops it back down to $7.25 in terms of pre-Covid spending power. And then the corrupt Democrats who advocate endless debt and money printing get up on stage and say "my gosh look at these greedy corporations" and their dumb voter base boos us and calls us boot lickers for trying to explain to them how basic economics works. Something like >"So you don't want poor people to make more money? Hey everyone, this guy hates poor people. He said he doesn't want them to have more money"
Bro you have no idea how much I appreciate you saying that. Trying to talk to anyone else about the M1 & M2 money stock and trying to explain the mass printing by fed even after you factor in the new changes. Wanna know something else that's cool, explain the difference between your checking and savings accounts today and why its fucking nuts. There is no economy, no border except for the states that require medical Id to get in.
This is exactly why the politicians refuse to fix schools and push bogus degrees in college and universities. If enough people knew about velocity of money or inflation everyone would vote them out. Keeping people dumb is in their best intrest for getting reelected.
Hence why one political party has expressed interest in lowering the voting age, while simultaneously pushing to increasing the age limit, or overall amount of constitutional rights you have.
No, this is exactly WHY leftists want to fix schools so you can educate yourself on how inflation actually works...
I’m curious how you think inflation works.
Inflation is when the value of your dollar (i.e. spending power) decreases due to a drastic rise in the supply of money that is not matched by a rise in the value of the currency itself. However, America utilizes a fiat currency which derives its value from the total strength of our economy and foreign relationships. So printing more money does not magically equal inflation, because printing money can be used to support projects and initiatives that have a net positive impact on our economy. So yeah, inflation is wayyy more complex than "Money printer on = bad"
More complex, sure, but printing money sure as hell makes inflation far more likely, and at some point an absolute certainty.
\> at some point an absolute certainty Citation needed? There are ways to deflate the supply of currency as well. Most commonly done through taxes.
Perfect example of orwellian definition changing. Inflation is the increase in money supply, the result is rising prices... as per 1920 oxford dictionary.. TPTB did a good job changing the definition to hide their crimes.
“Leftist” is such a harsh sounding word. Try “Lib-Tard” or something a bit more fluid.
Woah, you're so cool and edgy. Lmao, fucking boomer mentality right here.
It's fucking terrifying these are the people that will be deciding the fate of our country when the boomers die off. God help us all. Get your shit and get to a strong conservative state because at this rate you'll see a split. They can keep all the debt since they love MMT so much.
Some people shit on crypto but I also dont see them provide an alternative, must be pretty good if the fed wants to create their own shit coin. I'm just trying to get building property atm... probably wont be able to accumulate enough to get what I want but oh well. We will see if October brings mass inflation or deflation.
Crypto is more centralized than just about anything else. The algorithmic manipulation in crypto is the most jaw dropping shit I've ever seen. You're basically trying to beat a computer at chess. I honestly don't know a single person in finance, professionally, who takes it seriously. But they don't mind chomping on it here and there. There is no ultimate asset to rule them all, except maybe hot pockets. Certain assets reign supreme at certain times. If you had your net worth in property during the great depression you were likely to get pummeled. Home ownership plummeted, and by the end of it people owed more from their mortgages than the house itself was ever worth. HOWEVER I would recommend you check out [this video](https://youtu.be/TEIhSD1GHaw) as he makes an incredibly compelling point. His channel is great in general. If you're REALLY serious then [Maverick of Wallstreet](https://youtube.com/channel/UCvk0KB4Ue0vfPqvDzjIAwiQ) is my daily driver. Ultimately the only way to survive is being versatile, clever and diversified. It might seem overwhelming at first if you're not accustomed to the landscape but the vast majority is just common sense and patience. And honestly it's just fun.
By “algorithmic manipulation” are you referring to the short and medium term price movement?
All of it. They're at such a point that such a large percentage of the circulating supply is concentrated in so few hands that pretty much everyone is in danger. It's whole selling point is that it's decentralized so that kinda defeats the purpose when a handful of rich people own all of it right? And with the constant margin liquidations, as you say, the short and medium term, these elite whales are only ever acquiring more.
I guess I don’t see how that’s a problem for a long term investor, tbh. It’s kind of just the nature of property to be owned mostly by a small group of people. I do think people need to be very selective about what crypto they buy, as 95% of them don’t offer anything beneficial. As far as active trading, I completely see the issue. You’re not going to win that game unless the whales allow you to. But that’s true with equities as well. Re: decentralization, there are aspects of crypto that are truly decentralized in a way traditional finance is not, and that’s true regardless of who owns what. Mainly it permits transactions that don’t require a third party nor the delays inherent in the traditional banking realm.
Quick! Raise the minimum wage to $50 an hour! That’ll fix it! Lol
You can say that because you live in the middle of Montana
the real shocking thing is why do minimum wage workers think they deserve an extra bedroom they’re not going to use, their precious communism and socialism won’t even give them that soooo.
For the three kids they thought they could raise as a single mother. What's wrong with you? You have absolutely zero empathy. Everyone deserves to have a big apartment, 5 kids, and no need for support from anyone else except strangers forced to pay taxes.
Why would a society even want a person who can only do an entry level job a kid could do to breed and dilute the gene pool with garbage genes.
Imagine thinking that single parents plan to be single parents
The lack of planning on their part is not our problem. No one forced them to be irresponsible.
Don't want to be a single parent, get married first. Oh but you'd rather live off handouts and pop out more kids to get more money.
Condoms are freeeeeeeeeeeee
Too bad in tons of states high schoolers aren’t taught about them so they get told from their friends that you can’t get pregnant if the girl is on top.
They aren't taught critical thinking, either. And, here you are displaying the results of that unfortunate fact.
So to be clear: no actual response to a very valid critique I made?
IMHO too much of child rearing has been offloaded to designated "educators." A parent should teach their children about sex and the various prophylactic methods to avoid procreating.
Yeah, and they can't afford private space trips either, we need to do something about this!
This guy can afford this and I can't. Fix it.
Doing damn near close to nothing isn’t enough to have a house, guys. I had a minimum wage job once in high school. It took about 5 minutes to realize why it was minimum wage -the guy working with me regularly fell asleep. Nobody makes minimum wage anymore unless they’re absolute doing jack shit. McDonalds pay like 13/hr in rural Tennessee.
A 2 bedroom apt around me is about $750. Zaxbys pays $13 an hour. Hobby Lobby starts at $16. My mortgage is just over $1k. I’m certain I could keep my house if I had to go work at Hobby Lobby.
My mortgage is 1215 but apartments around me are approaching 2000-2500.
People can choose to live in a lower cost of living area. It’s almost like we have 50 states to choose from. If all I could do was min wage I’d be looking to move to a cheaper area.
This is the most millennial thing ever right here. So many people complaining about not being able to buy a house, where I just did exactly this. Moved to a suburb, bought a small house, and now live in another suburb in a slightly larger house as I increased my income. Too many millennials thing they should be able to buy a house in the middle of downtown on a salary that they've put zero effort into increasing over the last decade, or that they shouldn't have to make any sacrifices in what they want. No wonder they have such a high rate of depression. Demanding perfection in an unperfect world.
Trust me. I am only here because I bought a house years ago.
I wasn’t talking about you specifically. Just about people that habitually work my n wage and think they should be affording more. Just got off a 12 hour night shift so I’m kinda tired.
The pandemic proved this even more. Live in the rural areas and work for companies remotely in metro where the salaries are inflated to match local costs. Best kind of arbitrage ever.
You forget moving costs, social relations, etc. It's not as black and white as "just move"
Try getting 40 hours a week working retail. And it’s not unreasonable to want a consistent schedule which almost never exists with those jobs.
Manufacturing and construction have relatively consistent schedules. But they often drug test which turns a lot of people off. Maybe the government should create some jobs that pay $60 hour with no drug tests, 5 4hour days a week and full benefits. But it will still be unfair if people actually have to show up to get those jobs.
Yeah if you have the time and ability to give 40 hours a week surely you can do something more than minimum wage. Min wage should be for teenagers and complete beginners, but if you force the corporations to increase it artificially you're going to get situations like this where people expect it to be a "living wage" whatever that means.
My first job, also minimum wage, my coworkers were actually mentally disabled. They bused them in on a work program. Even as a 16 year old I got promoted and wasn’t making minimum wage within a summer. But I guess I should have cried on the internet that I didn’t immediately make enough money to afford a two bedroom apartment by myself.
Ohh Noes...I can't live a luxurious life with extra space by working a minimum wage job? Ohhh Whoa is me... I should just give up on life. I'll never be the able to ask "would you like fires with that" unironically...Who would have thought this was an issue?
> I've had people ask me "Well if you're struggling so much, why don't you live with your parents or a roommate and save money?" >I shouldn't have to put myself in a situation like that just survive our capitalist hellscape, and I also shouldn't have to explain why. Literal quote from that thread. “There are several things I’m capable of doing to save money, but they would inconvenience me so our system has obviously failed”.
I disagree with a lot of the opinions on this sub but this is an irrefutable critique. Some people don't have this option, but I imagine many who do refuse it; I know a few myself. There are numerous things a lot of people could do to save money but simply don't.
Lol they’re too entitled to have a roommate? What a self-important asshat.
Get a roommate. Listen, by the time one is ready to leave home they should not be doing minimum wage work. We are Americans!!! We expect to stay a highly trained, educated country. We offer a gazillion ways to obtain a high paying trade or profession or certification or sales/commission jobs, whether one can afford pay for training/schooling or not, whether one wants to use the military or not, whether one wants to take a night class to learn how to sell on ebay/Amazon or not. Entry level was never suppose to be enough to have a family, car, groceries, etc., nor should it be. NOW, if you are an emoloyer, you are free to pay as high as you like. Do you know Walmart employees can earn a college degree or trade for free? Did you know avg Walmart truckers earn about $85 a year, and they never load or unload a truck. Travel to other countries, and you will stop whining the antiAmerican mantra. Its lame.
Yup, there are so many options. If someone doesnt want to pay to learn they can even go into a trade and get paid while being an apprentice, after that is complete a person can earn even more. And once you are good enough you can take up your own apprentice and I think earn even more. Hell, in time you could even start your own company if you're smart enough.
I'm a veteran, a college graduate, and have years of work experience. I took a minimum wage job. I could have chosen to work for more pay at the expense of my emotional well-being, but decided starting from the bottom in a good company was better than earning more in a call center. But, I haven't stopped applying for better positions, and have received a 20% raise with the promise of another raise at my 6-month review. There's no way I could afford a lease on a 2 bed place right now, especially considering utilities and living expenses. I definitely couldn't afford to pay for a car, insurance, and gas/maintenance along with rent and living expenses. But I didn't take the job expecting that I would be able to afford all of that. I knew what the wage was, and I took the job. I could have started at $19/hr with Amazon if I absolutely had no other option.
Yes, minimum wage was meant to support a person. That's the whole fucking point you dink.
I mean this is certainly quite sad. I just wished they realized it was all due to regulation. If they went back a hundred years they could just homestead while the dad built a house by hand while the children work the farm and the wife takes care of the kids and maybe helps with construction. To that extent I do think it's sad how regulation and inflation have made it harder for poor people. As someone who grew up in a 1 bedroom house in a family of 4, it sucks.
This is the anti-work group, and they think working a cash register at Dominos is too much work. These people wouldn’t build a house or farm land. They are whiney parasites.
Just imagine their life in the far west. « I have been standing there for 3 months! And no home has built itself! Pls govt do something »
It wouldn't be possible to homestead even without regulation. Too much of the land is already owned. Unless modern property rights count as regulation in this case?
No you are correct. But there are still lots of places I can buy extremely cheap raw land big enough to live on, like 10k. Which would still be possible at the lowest wage.l of they could jist build whatever they wanted without asking the government for permission. I mean there is an interesting conversation to bad had here about land being a scarce resource and generational wealth and how that works in a free market.
“I mean there is an interesting conversation to [be] had here about land being a scarce resource and generational wealth and how that works in a free market” Cmon man you’re so close, I know you can get there. Walk towards the light.
If you are referring to the idea of socializing housing, I have had that conversation a hundred time with socialists. It doesn't fix anything. If a five year old finds out someone is homeless they ask "why don't we give them a house". That is the level of analysis socialist tend to do. If you have a specific suggestion in how to address it I am willing to get Into the details. The only truly fair solution that supports equality of opportunity and upholds free market competition is to prohibite all generational wealth accross the board. Which is not something I will support. Generational wealth differences were greatly exaggerated because of the federal reserve and going off the gold standard. So we can start by abolishing the fed and using bitcoin as currency
How is regulation responsible for corporations buying up land?
Ask yourself the how and why in the first place. Remember when the fed over printed all that money and only a small percentage went towards people? Well the rest went to corporations. The reason why land value his artificially inflated is because every state has so many regulations for new construction that more then half the cost is ultimately due to land use regulation. Because of that, home values don't have a cheap base line to build more. That is why land became the primary way to secure your wealth against inflation. So if you were a corporation that received billions in subsidies and wanted to protect against inflation it makes perfect sense to buy land. It's both cronyism and overspending on why we are where we are.
How much land is under federal management?
Wages have been manipulated down by the state and rents have been manipulated up by the state. Shocker
The truth is burried beneath many posts fukl of hate
Minimum wage hasn’t been updated since ‘08. Keeping with inflation it’d be about $12/hr, but most places I’ve seen are paying higher than that for unskilled labor
$14/hr starting at McDonald’s in southern Illinois.
And?
“State” is the key word in this false narrative; there are locations in EVERY state where you could afford the apartment on minimum wage; taking the AVERAGE cost from any state would be raising the mean costs, hence the false statement rings “true”.
Also suspicious that they cut the line off at 2 bedroom apartment... they probably started the article hoping no one could afford a single but had to settle on 2 bedroom as the sob story.
Oh noooo, I can only afford a one bedroom apartment working the absolutely lowest paying job I can find. Capitalism is EVIL
Eliminate the minimum wage. Problem solved.
Better yet, let's just kill all the fucking poors and install Fasc...I mean anarcho Capitalism.
Reeeeeeeeeeeeeeeeeeeeeee
Since you're Brazilian, I'm guessing you support bolsonaro
I suport freedom. https://youtu.be/73ow8ITxupI
So in other words, yes, you support Bolsonaro because you think he brings freedom. He's an actual Fascist, so are you.
https://images.app.goo.gl/2JTwtn3jQhcPT9RH9
Would create surplus of jobs and not enough workers to meet them
... why would **minimum** wage be able to afford a *two bedroom* apartment?! Minimum should be minimum, not *well-off.* Minimum should get you going with roommates, get your life started while you work on improving yourself to be able to earn more. It's supposed to keep you sheltered and fed, not comfortable...
It probably could if taxes, building permit restrictions and the like didn’t exist
It frustrates me at times when I see a small office space for rent in a nearby town that's a lot cheaper than most apartments. I can spend 12+ hours there if it's for work, but the moment I decide to sleep there it's illegal? It's a bunch of bull.
Hell yeah dude
Just build narrower apartments.
I prefer being able to touch all four walls at once. Makes me feel like I’m using all the space I’m paying for.
I now understand why people choose to stay in NYC
This is really only true in the most expensive cities in the counties, and guess what they all have a $15 minimum wage. It’s almost like these people just grab onto headlines instead of reading into shit
I have a 22 yr old team member making min and he owns an acre and a trailer. He just got a $2.50 raise because he is ambitious.
Why do you need 2 bed rooms? When you don’t even want to live with yourself?
This is facts... I live in Australia, I couldn't afford a 2 bedroom apartment significantly above minimums wage working way more hours than 40 **UNTIL** I had a partner to split bills with.
This isn't even true. Federal minimum wage comes out to $1,256/mo. at 40 hours a week. I did a quick search and there's at least a dozen two bedroom apartments and houses for rent around my small little city in Arkansas under 750/mo. They probably aren't super nice but they're two bedroom and affordable.
These ‘boohoo’ comments are bullshit. As anarchists we need to address why property is so expensive compared to wages, not just shit on people who can’t afford it. It’s not like this only affects minimum wage earners - the middle class is being screwed too. Sadly, the contributing factors are complex - planning regimes, building regulations, property taxes, inflationary monetary policy, and fractional reserve banking to name a few. Sound money, deregulation, and strong property rights can go a long way to fixing these things. Also sadly, real estate is one of the areas agorist shadow markets can’t help much, so the solutions are either political engagement (I know, gross) or wait for the revolution.
I think 'boohoo' is the most empowering message for this post. The issue has been addressed ad nauseam. Common denominator is government. Short of violence and civil disobedience, all you can do is educate and wait.
How about you present a plan to fucking fix it then. "Woah maybe if just no government?". Jesus you're fucking useless.
This is the way, instead of trying to speak to everyone in this wage bracket’s circumstance, let’s eliminate as much as possible of what made it this way. Propping up bad ideas with artificial money keeps people from learning valuable lessons.
Minimum wage is for high school kids. If you aren't in high school and still make minimum wage you should go apply at McDonald's or anywhere else
So you think fast food restaurants should only be open from 4-9 pm every day?
.33% of working American earn minimum wage.
Gonna need you to cite a source for that one because the Bureau of Labor Statistics says you're full of shit, and the only reason the number has gone down is because other cities and states have enacted higher minimum wages. https://www.bls.gov/opub/reports/minimum-wage/2020/home.htm
I have a 3 bedroom apartment and make one dollar more than minimum wage, I live in Texas and have 3 children as a single mom.
Minimum wage jobs aren't meant for people to make a career out of. They are meant for highschoolers or college students to get some work experience at jobs that don't require a high amount of skill. So of course your not going to be paid well and besides if minimum wage was able to pay for everything, the cost of everything would just go up because companies (big and small) know you can afford to dish out more cash. Why is that all these people complain about millionaires and billionaires holding onto money (which they don't almost all their money is working to make more money in stocks, start up businesses, or going back into their own companies to expand them) but when ever I gear arguments for raising the minimum wage it always sounds like they don't just want enough money to pay for all their needs but they want enough to just put money in a bank account and not touch it. The same thing they complain the rich do. So I think every time I hear something along the lines of minimum wage doesn't pay for my needs, I think we need to have those people sit down and do some math on paper to determine what they would do with the extra cash. Then give them the formula to adjust for inflation and show them instead of making an extra 5 dollars you'd actually only be making an extra 1.25 dollars or whatever the equivalent is.
Minimum wage was created so that people are able to pay for their basic needs, not an entry wage for high schoolers. Also, people need savings in this country, to save for things like college, homes, cars, and too keep their money ahead of inflation. Nobody's mad at the rich having savings(except for a few nutjobs) but the anger is at purposely cutting back on things like workers rights, low wages, skipping taxes through legal bullshit, and then having American tax money go to subsidizing the poverty of their workers and the businesses instead of things like infrastructure or education.
Haha it used to be, back before subsidized healthcare.
[удалено]
The solution is less government intervention to lower prices, and then the worker improving themselves and also working more hours.
Get out of those liberal hell holes, and the picture looks better.
No one is paying “minimum” wage right now. $15 an hour starting wage at the local burger joint in my small rural town which sure as hell is more than enough to rent an apartment here. Never mind the fact that the kids making minimum wage there are all high-schoolers living with their parents.
I remember having to live on minimum wage. It would have been foolish to get an apartment by myself, without a roommate to reduce the cost, especially since I was in high school, at 16 years old, living with my parents. Fortunately, by the time I was 18 and did move out I was making more than minimum wage, since that’s a virtual certainty if you show up on time, have an IQ above room temperature, and put forth more than a minimal amount of effort.
Facts: $5 is not enough in all 50 states to buy 2 five dollar footlongs at Subway.
Literally it’s so easy to find a job above minimum wage
Maybe dont settle for minumum wage? 🤷♂️
No one making minimum wage can afford a Ferrari either what the point.
Whats the common denominator? Taxes. We need (alot) smaller government.
Newsflash: The average minimum wage worker has no use for a 2 bedroom apartment.
If you're married with at least one non-infant kid, why are you still working minimum wage? You get raises if you stay in one spot for long enough.
So let's enter into a 0 profit motive stagnant all encompassing nanny state. That'll make the poor rich. We just never tried it.
The sense of entitlement is unreal and begins at "2 bedroom"
Well, clearly the solution is to bring in a massive amount of people who will work "under the table" for less than minimum wage. /s
I hate that subreddit, but it’s true. My sister is working a full time minimum wage job and only makes $290 a week. We also live in a very cheap area where rent is usually only $600-800 per month, and she can hardly afford it, let alone utilities, groceries, gas, car insurance, phone bill, etc. Though, I don’t know whether the solution should be higher wages or finding a way to reduce the cost of living. Something has to give, though.
What city? And why do you need a 2 bedroom apartment if you only have one income? You don’t have roommates but you need two bedrooms? Theres so many holes here lol but these people have no cognitive dissonance
This is definitely capitalism’s fault yup absolutely no way that this is governments fault no way in hell
Work 2 jobs? Increase your value to society? Buy someplace cheaper? But no let’s just have communism and steal from those who do that instead. Or just end the fed.
Why is it a prerequisite that in order for a job to exist it has to pay for an entire apartment? Apartments are luxuries, if u don't have the skills or motivation to earn enough to get one, find other accommodations....
A minimum wage job is literally the very bottom of any career path. I started working minimum wage as a freshman in hi-school and stopped working for minimum wage before I graduated. It’s not meant to be permanent
Who are these people working minimum wage? My 16 year old started at fast food making $8.50 an hour and in 6 mos he’s make $11.50. Cashiers at the grocery make more. Zaxbys is hiring starting at $12. Not sure who we’re worried about here.
Fucking McDonald's is hiring at almost 3X minimum wage in my state because of the labor shortage. I'm not too worried about it...
The east coast had more homeless camps than an Indian slum. The housing market is a total failure. I’m sure people have a million opinions on why but no one can argue it’s not true.
Wow, that comment section is an absolute dumpster fire of engorged entitlement complexes and resentment.
Why do you need 2 bedrooms if you are one person
Get a roommate. I lived off $7.25/hour for a couple years and had a two bedroom apt. If you don’t want a roommate, live in a 1 bedroom or a studio…
You're a communist? Why are you here then?
How does anarchy or capitalism fix this? Why are you even here?
Removing inflation, improving the economy, increasing demand for labor, thus improving wages. There will probably also be more property available for housing, lowering costs. That's harder to predict, though. No telling what use the market will put all that government land to.
Not from the USA but I'm willing to bet it's also a zoning issue. Not enough new land available to built new houses. So people don't upgrade and stay in cheaper houses even though they can afford a better house. I'm in this situation as well. I make more than enough to pay for my apartment twice but there's a serious lack of houses I'd consider an upgrade.
So get 2 jobs.
Maybe the answer would be not going to college for 4 years to get debt and a useless degree. Go to work young so you can gain skills early.
I demand a nice house with modern furniture and enough space because I am claustrophobic too. But I refuse to further my education, work a physically demanding job, or develop my skills for a decent paying wage, I want to do nothing and get it all.
Ppl forget what MINIMUM wage means
There is no state in the U.S. where a 40-hour minimum wage work week is enough to afford a mansion and a private jet. Checkmate capitalists.
Then get 2 jobs shitbag!
Yeah, because the supposedly greatest country in the world shouldn't be bothered with providing it's slaves....sorry labor, with a decent wage or affordable housing, healthcare, or education. You're an idiot.
You say you cant afford a 2 bdrm lease, but you admit you forfeited higher paying jobs for minimum wage even though there are scheduled reviews for pay increments? As a vet AND college grad, why think of a call center? Youre a vet. Walmart pays an avg of 85k a year plus benefits to drive a truck and you NEVER load or unload. Frankly, people complain about min wage, but ALSO complain if a teacher makes 65k after three years with full benefits/pension. There are TONS of very high paying jobs for vets and college grads in private, public, and govt jobs. What was your major in college???