During the GOP debates Donald Trump said that American’s “wages [are] too high” and later said “that having a low minimum wage is not a bad thing for this country” (7:25).
Do you agree and if so why?
My two cents on this issue; do the math.
- Federal minimum wage is $7.25 an hour.
- Full time work (if available) is slightly over 160 hours a month.
- $7.25 x 160 = 1160 before taxes.
Now subtract:
- A one bedroom apartment in many cities: $1,000 a month.
- Food bills: $150 a month per person.
Is there anything left for:
- Car expenses and insurance?
- Or riding the bus which is more expensive than gasoline?
- Internet which is needed for getting a job?
I remember in the 1980s how conservatives used to mock the misery of Russians living under the communist regime because 2 families had to share a 2 bedroom apartment. Same thing in Cuba with 3 generations having to live in the same apartment.
Here in the US I know of a 40 year old man who has to live with his mother because his $9 an hour job cannot afford him anything else. Multiply him times 10 million.