These types of minimum wages used to be limited to expensive locales but it is spreading across the US pretty rapidly. Now you see minimum wages rapidly approaching $20/hr in places far enough from a major city that houses still cost $250k.
These types of minimum wages used to be limited to expensive locales but it is spreading across the US pretty rapidly. Now you see minimum wages rapidly approaching $20/hr in places far enough from a major city that houses still cost $250k.
Let's talk about that $45k/yr. That's an hourly wage of $21.63. No state in the entirety of the US has a minimum wage that high. The current max is Washington, DC (not a state, but they also set their own) at $18.40, which comes out to under $39k.
That's all for hourly work. In the US, there is no minimum for salaried work. If you agree to be paid $1/yr for your work, that's what you get.
So, the minimum hourly wage where you live is absolutely higher than the US, nearly triple that of much of it.
If the financials of people in the US are so great, why do the stats of healthcare, student, and general consumer debt look so bleak? Either you all suck a being high income, or it is not the only interesting factor.
This is actually what I think of all of you guys. Americans completely suck at being high income. They have so much money and yet they waste it. Zero care for efficiency whatsoever.
Edit: Making housing and healthcare expensive is a policy choice and can easily be averted in so many ways.