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# Hours at minimum wage needed to afford rent

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by on Mar. 15, 2012 at 10:54 PM
Replies (71-80):
by Ruby Member on Mar. 16, 2012 at 11:41 AM
3 moms liked this

Well aren't there usually a lot of people proclaiming that laid off workers should take whatever they can get, even at minimum wage?  You can't have it both ways, people.

by Member on Mar. 16, 2012 at 1:46 PM

Wow I live in Virginia and didn't know we were one of the most expensive.

by Member on Mar. 16, 2012 at 2:20 PM

You pay rent monthly.

290 x 4 = 1160.

Quoting turtle68:

Quoting brittonJ:

Min wage here is 7.25 w/ insurance, 8.25 w/o.

At 40 hours a week, that's 1160. By the time taxes are taken out that's JUST enough to pay for a good apartment and NOTHING else.

um...dont know if Im missing something but 40 x 7.25 = 290.

by Silver Member on Mar. 16, 2012 at 7:51 PM

I'm not a fan of minimum wage...as a Libertarian (you're probably sick of hearing from me), I think if someone is willing to work for \$6 the should be allowed.

by on Mar. 17, 2012 at 12:38 AM
1 mom liked this

Please allow me to correct the payroll calculation some are using :)

When calculating monthly income, you don't use four weeks because most months have more than four weeks (31 days/mo = 4.42 weeks, 30 days/mo = 4.28 weeks).  The average is 4.33 weeks per month.

You can either take the hourly amount and multiply it by 2080 (52 weeks @ 40 hpw) and divide by 12 (\$7.25 x 2080 = \$15,080 / 12 = \$1256.67/mo).

Or,

Take the weekly amount (\$7.25 x 40 = \$290/wk) and multiply it by 52, then divide by 12 (\$290/wk x 52 = \$15,080 / 12 = \$1256.67/mo).

Carry on ;)

by on Mar. 17, 2012 at 12:45 AM

How does that work out if all employers get together and decide they will only pay, say, \$6/hour?

Quoting Redwall:

I'm not a fan of minimum wage...as a Libertarian (you're probably sick of hearing from me), I think if someone is willing to work for \$6 the should be allowed.

by on Mar. 17, 2012 at 12:53 AM
1 mom liked this

Quoting yourspecialkid:

Quoting heidimoose134:

Quoting yourspecialkid:

Quoting heidimoose134:

I think most of us can agree that minimum wage is not supposed to be a living wage. I think the heart of the issue is that many people who have lost well paying jobs haven't been able to find work that pays better than minimum wage.

Quoting yourspecialkid:

Minimum wage is not meant to be a LIVING wage.  It was meant to be the bottom tier of the pay system...high school/college jobs...some entry level jobs...low skill jobs.  People wonder where the middle class went..it got slurped up by the increasing minimum wage.

I would love to be able to pay my counter girl & delivery driver the fed min wage..and give the extra dollar and change to my skilled workers instead...state of Oregon says I can't....so my counter girl and delivery driver got a fifty cent raise to \$8.80 while my skilled workers..those in the middle class got nothing..the gap between closes some more..

Oh and before I become evil, mean, uncaring or greedy.  I will happily pay them all \$20 an hour if you will happily pay \$30 to have a shirt cleaned.

I agree with you 100%.  Since they can't seem to do anything with min wage except increase it..I would like to see a tiered system.  I would also like to see manufacturing increased in this country.  Our middle class was built on it!  There are ways to not only improve the economy but make it soar...it will take a several prong approach though...and given all the bickering 2 yr olds in DC (BOTH parties) that isn't likely to happen anytime soon.

I agree with you as well. I think we would really benefit by increasing the number of manufacturing jobs here. Not everyone is suited for college and I think it's silly to expect everyone to be. It's hard to find any good paying job without at least a Bacholers degree these days and that's just not cutting it. And getting congress to get their heads out of their behinds would be helpful as well. lol

And thanks, lol. :-)

Oh my gosh!  I totally agree with you on the college thing!  And this comes from someone that worked their butt off to pay for 2 degrees!  I have used 1 of them a good bit..but the other was mostly money spent on a piece of paper.  All these people with expensive degrees and jobs paying min wage or a little above..its crazy.

There are a lot of good paying jobs and careers that don't require college.  I have a nephew in high school and he has spent the last couple of years working for a plumber.  He doesn't want to go to college..he just wants to take some business courses at the jr college and open his own plumbing place.  My sister nearly had a coronary (our Mom pushed us to college)!  He is like.."Mom..what does it cost to have the plumber come out?"  The guy he works for makes 6 figures and lives in a very nice home in their small town.

Lots of blue collar fields can have high incomes.  Lots of blue collar fields have good life middle class incomes too.

I'd like to add though...working for a plumber does not a plumber make, or an electrician or a hair dresser or....  One still has to become a "journeyman", and in order to own a business or pull a permit (in my state) one has to have a "masters" license.  Not to mention, be up to date on building codes that change so often.

We used to have skill centers for high school students who had already decided they weren't going to college.  They could learn a number of trades and in 12th grade were assisted in finding employment to further their education.  Unfortunately, the school board dismantled the program :(

by Member on Mar. 17, 2012 at 1:04 AM

Quoting MrsDex:

wow.... just wow.

by on Mar. 17, 2012 at 1:15 AM

There are many reasons why MW was mandated, not simply for those starting out or being unskilled.  Sweatshops come to mind.  Regardless, a single individual doesn't really make up a family unit in the standard definition.

Quoting Not_A_Native:

Minimum wage was never meant to support a family.  It was for those starting out, with unskilled jobs.

So - a 2 bedroom apartment?  Um - yeah.  Maybe don't be working a minimum wage job when you start a family.

by on Mar. 17, 2012 at 1:20 AM

I believe that was an INtended consequence of the entire "housing bubble" and it's collapse.

It's an excellent market for RE investors with a lot of capital and/or credit ;)

Quoting Lizardannie1966:

I believe minimum wage recently was lowered from \$7.65 to \$7.35 here in my state (correct me on the amount if need be), and naturally (it's Arizona, afterall! lol) it has faced controversy.

Our oldest daughter makes about \$12 an hour and still lives at home. Why? Because despite making a fairly nice wage for one person with no children and only her own bills, the cost of rent can still be pricey. When Arizona started seeing a lot of foreclosures, property and apartment managers started seeing an influx of people in need of a roof over their heads. What did these managers and owners do? Raise the cost of the monthly rent.

We have no problem with her living here. I'll be honest and admit that I actually still love having her at home, as selfish as that may sound. Mi casa su casa is what we've always told our kids.

But I know for her, it's frustrating as hell. Naturally she wants to have a place of her own, to call home and create a nest for herself.