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[return to "Americans Want to Believe Jobs Are the Solution to Poverty. They’re Not"]
1. boulos+Aj1[view] [source] 2018-09-12 11:48:30
>>tysone+(OP)
A few threads seem to believe that the minimum wage is high enough / need not be increased. I don’t actually want to argue about mechanism, but think that it’s imoortant to note that the math says our (current) minimum wage is demonstrably insufficient to remove poverty.

With the Federal minimum wage currently at $7.25/hr, that’s just $15k/year at full-time. That puts many minimum wage workers below many countries’ average wages [1]. But that’s before adjusting for purchasing power parity.

Being a single earner on minimum wage effectively guarantees you and your family will be in poverty in the US. That is effectively not true in most countries in Europe, even the poor ones. You don’t get to live well or anything, but you certainly aren’t planning on poverty.

[1] California, and San Francisco in particular, have a higher minimum wage but also higher expenses. Worse, many low-education workers are waitresses, which often have a “tipped minimum wage” as low as $2.15/hr before tips (again, San Francisco doesn’t do this, but it’s expensive to live here).

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2. patric+Tm1[view] [source] 2018-09-12 12:16:46
>>boulos+Aj1
No minimum wage is able to remove poverty. Set it too low and it has no effect, since it will be below the price you are able to get on a free market. Set it too high and fewer jobs will be available, and thus less people are able to earn money to fight their poverty.
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