No matter where the wage is, the minimum wage worker is facing economic difficulties - but some cities are cheaper than the other cities.
According to the National Low Income Housing Coalition, housing costs are high, so it is impossible to rent a two bedroom apartment in any state in the US. They estimate that only one of the twelve counties has full-time minimum wage workers who can pay rent for one bedroom apartment.
Personal finance website GOBankingRates examined the average rent for one bedroom apartment in the US city with a maximum number of 100 people, to determine where someone can actually live from the minimum wage. They also studied food, utilities, and transportation costs in these metropolitan areas.
This survey is not a complete picture - federal or state taxes are not considered. Employees are supposed to work for 40 weeks, 52 weeks without interruption.
Tucson is at the top of the list. GOBankingRates estimates that the resident 's annual surplus earning a minimum wage ($ 10 per hour) in the city will be about $ 8,700.
Mark Evitt, editor in chief of GOBankingRates said residents can pay the most necessary fee, but stated that there was not much room for swing.
Grand Canyon's minimum wage is relatively high (2.75 dollars higher than the federal minimum wage), but third country settlement does not necessarily correspond to the best interests of workers.
However, workers with low wages need to consider other measures. He said, carefully investigate your budget and make sure you have the opportunity to reduce costs.
However, this is not limited to employees. At the city level, local governments said they should work hard to ensure reasonable rent and convenient public transportation.
On January 1, 2018, the legal minimum wage has been raised from 35 cents to 1 dollar in 19 states and the District of Columbia. According to the Economic Policy Institute, this will provide more than $ 5 billion additional wages to 5 million workers nationwide.
This progress is rarely coming soon. According to a recent survey by the National Employment Law Project, individual workers will need at least $ 15 / hour soon to cover the basic costs.
When Seattle started running a minimum wage of $ 15, the city hired a team of economists at the University of Washington and analyzed the impact of wages on cities. Since then, the results of the study of Seattle's Minimum Wage Study Group have been largely forward-looking. In 2016, they discovered that Seattle 's wage increased, employment of the city' s low - employment increased, and time worked. They reported at the beginning of this year that the impact of wage increases on restaurant hiring was "near zero." This week, Seattle's Minimum Wage Research Group's Seattle minimum wage research group announced a report that the price of restaurants and grocery stores did not rise due to the minimum wage.
Whenever a city or state discusses raising the minimum wage, both business and conservative legislators take a series of three threats. They believe that higher minimum wages will hinder employment opportunities. They insist that wages suffer companies. They insist that prices will rise sharply. (Below is a survey of EPI before raising wages in Seattle, most companies predict all three.) This is the three main issues on raising wages.
The minimum wage is a living wage. President Roosevelt said, "Through living wages, it means not just maintaining a self-sufficiency level but a decent life wage." Recently, it is nothing but a living wage. Those working full-time with the federal minimum wage earn only $ 1,580 per year annually - even the two families are below the poverty line. In the case of a family with four minimum wage workers, full-time wages are below $ 9,000, or $ 23,850, of the poverty line. Even full-time jobs of $ 10.10 per hour - $ 21,008 per year - are not satisfying.