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This potato math ain't adding up (lemmy.ml)
submitted 6 months ago by to c/TheShitpostOffice@lemmy.dbzer0.com
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[–] 14 points 6 months ago (8 children)

Hey the way I figure that's 2240 cal on an 8 hour shift, so not like you can't eat on that. What more can you expect from a "minimum" wage? Rent? A house? Utilities? Insurance? A family? A life? Please, these jobs are for high school kids trying to buy some hash browns on the side. Our hash brown based economy would collapse if we paid people enough to cover the costs of life

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  • [–] 14 points 6 months ago (1 child)

    Measuring minimum wage in calories is some dystopian shit.

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  • [–] 3 points 6 months ago

    I also like to think of it in terms of hours for goods.

    A Switch 2 is like $500. A game for it is $70. The minimum US wage for an hour of human labor is $7.25.

    The right to play Pokemon legally is worth 78.62 hours of productive labor, or 2 weeks of full employment.

    According to Zillow the average rent in the US is $2000. So the average landlord is entitled to the equivalent of 275.86 hours of the minimum value of labor. That's 6.9 (ni.ce) weeks of full employment.

    Financial advisors say no more than 25-30% of your income should go to housing. The average rent is $2000/mo, so the average income should be $8000/mo. The average landlord thinks the average American should make $96,000/y. $7.25/h4052 = $15,080/y. Based on the 25% rule one should be able to find a place renting for $314.17 somewhere.

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  • [–] 6 points 6 months ago* (last edited 6 months ago) (1 child)

    The majority of employees are not high school kids, you're mindlessly repeating McD propaganda.

    A minimum wage job was supposed to keep a family of four over the poverty line with one worker, according to the 1938 labor law.

    We abandoned that with a long decline in wages since the 1970s.

    We used to be able to support the "hash brown based economy" on far higher wages for most (adjusted for inflation and purchasing power). We still can... back in the day, a CEO would make 50x what a front-line worker would make, now 500x or even more, and there's an entire executive and stockholder class making a fortune.

    Figure it out.

    p.s. I had to pay rent and bills and buy food as a high school kid, but fuck me right.

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