Comment Re:I can never wrap my head around this. (Score 2, Informative) 1040
So how in the word is it possible that in the US 15/hour is barely a living wage? How wasteful a life are you living there seriously?
These are my monthly bills.
Mortgage $500
Electric $120
Car payment $300
Internet $70
Water & Trash $50
Phone $50
Student loan $300
Car Insurance $120
Medicine $250
Retirement $100
Gas & Groceries $550
Savings $100
Life Insurance $60
That's a total of $2570
If I take out savings, life insurance and retirement savings, that would be $2310. Let's say my car and student loan is paid off. That would be $1710. My take home pay after taxes is $1100 a month. I am fortunate enough to be married to someone who makes more than me and we can pay our bills and save for retirement.
If you make $15 an hour in my town, you might be able to cover that $1710, depending on how much your health insurance costs. I have a friend that makes $15.17 an hour and brings home just under $1800 a month. This was before the Affordable Care Act went into place and everyone had to have some kind of insurance.
Let's say I'm a healthy person who doesn't need medication. Subtracting that $250, you get $1460. My salary would still not be enough to cover the bills. My friend may be able to cover the bills, but that depends on how much she is paying for health insurances as well. At $15 an hour, if there's nothing wrong with you, you would probably be okay, providing nothing ever goes wrong. This is also in my rural area of the country. I'm thinking a large city like Seattle, NY, LA, Miami, etc., $15 will still force you to find a second job.
For $15 an hour, where I live, you're just scraping by. You're not going to get any vacation pay, not that you need it because you couldn't afford to go anywhere anyway. Most people in my town make $10-12 an hour and have a second job.
I don't live an extravagant life. My life is mostly work and home with an occasional night out with friends. If I was on my own, with my salary, I'd never be able to eat out, travel, or do much other than work just to cover my bills.