Microblog Memes

5793 readers

2740 users here now

A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

Created as an evolution of White People Twitter and other tweet-capture subreddits.

Rules:

Please put at least one word relevant to the post in the post title.
Be nice.
No advertising, brand promotion or guerilla marketing.
Posters are encouraged to link to the toot or tweet etc in the description of posts.

Related communities:

founded 1 year ago

MODERATORS

[email protected]

1211

Minimum wage (slrpnk.net)

submitted 4 weeks ago by [email protected] to c/[email protected]

115 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 55 points 4 weeks ago* (last edited 4 weeks ago) (7 children)

So... one approach you could take would be to say anyone working a full time job should be able to afford a one bedroom apartment. You know, New Deal kind of ethos for the modern era.

https://www.zillow.com/rental-manager/market-trends/united-states/?bedrooms=1

Ok, avg one bed rent ~= $1600 a month.

$1600 * 3 = $4800 (1/3 rent to income ratio)

$4800 / (40 hrs x 4 weeks) = $30 dollars an hour.

So yeah its actually worse than 'We've been arguing about $15 for so long its more like $25'.

Nope. Its $30 an hour. $62,400 a year.

Sure would be cool if we did literally anything to _actually_make housing more affordable.

(BTW 60% of working individual Americans make less than this)

https://dqydj.com/income-percentile-calculator/

[–] [email protected] 5 points 4 weeks ago (2 children)

I agree anyone working a full time job should be able to afford a one bedroom apartment but minimum wage in 1940 was $624a year and an average apartment seemed to be $324 a year so to meet that same level of pay we would “only” need a minimum wage of 17.25. That’s still way more than the current minimum wage of 7.25 but not as high as $25/hr

load more comments (4 replies)