The Minimum Wage It is not Enough to Cover Basic Needs

There minimum wage workers need to work for 137 hours. These results show that Maryland citizens need to work an average of 19 hours a day at minimum wage, except for overtime and lunch break to pay their rent. Food, healthcare, utilities, car payments and emergency situations are not included in this figure, the figures are getting worse due to inflation. As inflation changed and the economy changed, the value of the minimum wage declined as inflation changed.

Today, parents working at full wage with minimum wage can not earn enough income to simply meet the basic needs of food, clothing and shelter. Even in the second job working more than 40 hours a week many lowest wage workers can not pay mathematically for parenting, clothing and gasoline. If you suspect these claims, please review the 'budget proposal' that the main employer recently gave to their employees. This is not just a moral failure. For taxpayers and business owners, this is not a cheap price. If a large employer that many people generate record profits fails to pay for living wages, the taxpayer intervenes by compensating for the difference by paying additional Medicaid, housing assistance, food stamps It will be forced. Small and medium enterprises in our country pay the highest price. Minimum wage means few customers like restaurants, grocery stores, clothing stores, real estate agents, car dealers and so on.

Fair wage refers to a system that uses people who work 40 hours per week to earn basic needs to meet basic needs, ie decent housing, food, health insurance, transportation, and alternative wages instead It is switching. You can save 5% or 10%. It is not luxury, but enough to let people go. This number varies from place to place. Therefore, the concept of domestic minimum wage is not as meaningful as the domestic standard for calculating the minimum wage in that area. Calculating at the local level makes more sense (for example, the metropolitan area). Calculate what kind of impartiality changes to reflect the current cost so that workers at the bottom of the totem pole (ie those who provide lunch) can catch up with the local economy .

According to the guidelines of governments, the minimum wage must be at least 40% of the regional average wage. In fact, the minimum wage is usually only 20% to 35% of the average salary, which is almost insufficient to cover accommodation, transportation and food expenses. Minimum wage workers, including workers in most production lines, unskilled workers, shop workers, etc., must rely on overtime allowances, bonuses and subsidies to earn a living wage. Therefore, if an employer cancels or reduces overtime allowances, bonuses and other benefits, low-income workers usually need to recover immediately. Likewise, workers with minimum wages are determined to ensure that all pennies they owed are paid in full when they are dismissed.