At least in my native New Jersey, though according to the National Low Income Housing Coalition [4], “in no state can a minimum wage worker afford a two-bedroom unit at Fair Market rent, working a standard 40-hour work week.” Where does your state fall? Click for larger version:
Cut this in half for all you naysayers who don’t believe minimum wage workers should support families on a full-time income and this is still untenable in the majority of populous states.
But hey, poor people are just lazy.
On a side note, I just finished watching In Time (go Timberlake!) which, albeit not the most stunning cinematic adventure, is spot-on in its portrayal of capitalism's in-built need for stratification. Raising the minimum wage is well and good, but an incomplete solution when the capitalist aristocracy can simply outsource jobs, raise prices, lobby for looser OSHA [6] regulations, etc.
Instead of raising bottom-end wages, we might explore doing away with them entirely in favor of maximum-ratio enforcement. Pay employees whatever you want, so long as they earn no less than, say 25 times what the highest-paid employee earns (indexed to corporate tax rates). Want to pay a $7 hourly ($14,000 annual) minumum? Fine, so long as you cap your own salary at $350,000. Not bad, eh? Need a boost for that second yacht? No worries ... pay your line workers $10/hour and you're good to go.
Indexing wages to prosperity maintains a system of reward vs. risk while playing fair with the production class. And hey, it comes with the added bonus of delaying class consciousness for another few decades. That's right -- Maximum Ratio: Keeping you safe from worker revolts since 2012!
Links:
[1] http://thehindsightfactor.com/category/blog-posts/capitalism
[2] http://thehindsightfactor.com/category/blog-posts/economy
[3] http://thehindsightfactor.com/category/blog-posts/marxism
[4] http://nlihc.org/oor/2012
[5] http://thehindsightfactor.com/sites/default/files/2012-OOR-Min-Wage-Map_0_2.jpg
[6] http://www.osha.gov
[7] http://www.zemanta.com/
[8] http://www.addtoany.com/share_save?linkurl=http%3A%2F%2Fthehindsightfactor.com%2Fhours-week-earn-living-minimum-wage-138&linkname=Hours%20per%20Week%20to%20Earn%20Living%20%28minimum%29%20Wage%3A%20138
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