If people lived within their means and weren't foolish with their money then our society as a whole would benefit. Yeah, I'd like to buy this or that at $3,000, but it'd be better to hold onto the money instead. If you can't easily afford yourself, chances are it might not be wise to go ahead and start a family. Some people spend their money freely and don't have the prudence to keep a portion of it socked away.
No doubt that is true
But , let's break down $8.79 an hour for a single person
FULL time you're talking 2080 hours so $18,283 per year before taxes (and remember most WM cashiers are NOT getting 40 hours a week)
Now lets just assume that a person earning this has net zero federal or state income tax and figure on the entire amount.
$1523 a month.
Let's make some further assumptions. Let's make things as cheap as possible for our fictitious Wal Mart cashier.
Let's assume a 2 bed room apartment with room mates, anyone know of anywhere where such an apartment (unless a total POS) would be less than $600 a month no utilities included? No? I didn't think so so, we'll figure $300 a month in rent + say another $200 in utilities.
That's $500 a month gone right there
.
Then we have food, everyone has to eat (and again we're assuming no SNAP here) let's figure a modest $5 per meal per day (or of course $15 * 365) That is $81 a month just for basic food needs. Let's round to an even $100 for easier math.
That's $600 a month gone
Now, everyone has to buy the necessities, toilet paper, tooth paste, shampoo, laundry items, etc etc. Let's be super cheap and figure another $100 a month
That's $700 a month gone
Okay, a phone is a MUST today. No one will hire anyone who they can't call. See ya another $50 a month
$750 a month gone
Transportation, EVERYONE has to have transportation, whether that's your own vehicle, a bicycle, the bus, or whatever, everyone has to have a way to get to work and back. This is another AT minimum $100 a month (be realistic no one is walking or riding a bicycle to work year round)
That's $850 per month
Insurances. Everyone has to have insurance now. If you're earning $18K a year you qualify for a subsidy which would make your open market policy cost you around $150 a month if you chose to go that route because your employer didn't offer insurance (Wal Mart does and their policy for a single person would cost the employee almost $200 a month, so we'll go with the cheaper figure)
That's $1000 a month gone.
So, you, and others, are on here bitching about an employee who "wastes" $500 a month on things other than the absolute bare essentials?
I mean what's the point of working any job if you don't have a few extra bucks to spend on something besides barely living?
And more importantly, why should we the people stand idly by while some people are barely eeking by so that their employers can get even richer?
I'm a firm believer in equilibrium. Absolutely a company like Wal Mart has to make a big profit in order to encourage both themselves and other companies to continue to expand. Without the incentive of getting rich, who would invest in the Wal Marts of the world? However, how much is enough? If the minimum wage were $2 an hour, do you think some of these companies would pay much more than that ? Hint, they wouldn't.
It's no different than saying if there weren't a law telling DuPont that instead of just dumping their toxic waste in the river that they must spend millions cleaning it up, that they would voluntarily spend that money? Hint, they wouldn't.
A board of directors of a large company, or well any company really, has one mandate - make the shareholders as much money as legally possible.
That necessitates a government to set the laws and tell a company "no you can't do that"
Child labor laws, the minimum wage, safety regulations, all those things didn't come to pass because the government was bored (most of these laws came before Congress was as corrupt as it is now) they came to pass because companies were abusing employees.
Do you realize that at one point in our history we had employers killing employees who dared to ask for a raise? And NOTHING was done about it.