A combination of factors, including low interest rates and a pandemic-driven decision by many city dwellers to look for houses in the suburbs, has created a housing boom for much
Comparing minimum wage to the cost of living in every state
Aine Givens, provided by
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Comparing minimum wage to the cost of living in every state
The federal minimum wage is $7.25 an hour, a rate that has not gone up since 2009. As the current wage stagnates, its purchasing power erodes against inflation. The average living wage today defined as an income threshold that provides basic shelter and food and keeps a person above the poverty level is $16.54, according to research from the Massachusetts Institute of Technology.
Of course, what constitutes a living wage depends on the cost of living, which in many cases is dictated by geography. The priciest areas to live in 2020 were the Northeast, Hawaii, Alaska, and the West Coast, reports the Missouri Economic Research and Information Center. The least expensive areas were Southern and Midwestern states.
A wellness pamphlet from an Amazon warehouse characterised workers as "industrial athletes," and suggested they eat vegetables and stretch to avoid injury.
What s Really Behind the Opposition to a $15 Minimum Wage Details
LIVING WAGE DEBATE-Missing from the Congressional debate over raising the $7.25 federal minimum wage to $15 an hour is any acknowledgement that poverty-level wages are integral to a class system that rewards the rich and punishes the poor.
With few exceptions, where a person ends up in life in terms of health, wealth, and general wellbeing is determined by the economic class into which they are born. People born poor die poor. People born rich die rich. This basic, intrinsic feature of American political economy is shaded from view by our culture’s celebration of the so-called meritocracy, the myth that if a person works hard enough, they can win at any table, despite the stacked deck.
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