---(They don't they just exist after 3 years they become zombies)----
Article> One of my clients recently reported getting a job at a fast-food restaurant. Since she's been unemployed and desperately looking for work for nearly a year, I was thrilled for her. She was very excited that she'll be making $7.50 an hour -– a whole quarter more than minimum wage.
After she left my office, I got out a calculator. I've never worked for minimum wage, so I didn't know exactly how much -- or how little -- money that is.
Assuming 80 hours per pay period, my client will be bringing home around $462 every two weeks. That's with no health insurance or retirement contributions.
If I brought home $924 a month, would I even be able to survive? I decided to find out.
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How do people survive on minimum wage?- MSN Money
Minimum wage jobs are best for kids beginning in the work force and they are the first step. They are also great for a person wanting a part time job or second job. If a person doesn't have an education, they may never rise above minimum wage. Most minimum wage workers who have families receive welfare and do okay. If one can have their rent, utilities and food subsidized, they often have more disposable income than people making $50,000 a year.
My aunt survived on a measley $800 a month social security check. She worked her entire adult life and paid more into SS than she ever got out of it. She was able to keep her good insurance because she had saved money over the years and had a nice retirement nest egg. In other words, she relied mainly on herself rather than fully depend on government to ensure her retirement.
Many of us began with minimum wage jobs and climbed from there. If a person with a big family is still working at a low paying job after many years, I have to ask what went wrong with the person's life that they can only get an unskilled job. If they dropped out of school or are a convicted felon, they have made choices that limited their opportunities and it's not really fair to expect the tax payers to pick up the slack. There are consequences to our actions and that alone can cause a person to make better decision, but when the government puts out the message that tax payers will subsidize them, where is the incentive for people to be personally responsible for their own future?
Of course, these days the good jobs are continuing to disappear, which makes it much harder to increase one's standard of living.
If companies have to pay more for minimum wage jobs, the number of jobs tend to decrease. Even Walmart is talking about not hiring any more greeters and doing away with those jobs. They were great jobs for seniors who wanted to suppliment their social security income.
Prices will rise if minimum wage is increased because the business needs to cover their additional expenses.
It's just best to keep your nose clean and go for the better job rather than rely on big giverment to come through for you.