Friday, May 29, 2015
How even a $20 minimum wage would barely cut it for a living wage
The following post was prompted by the citylab.com article linked below.
Here again is where having a larger context provides the contrast necessary to give more useful meaning to everyday developments.
The state by state charting of the wage one would need to be able to afford a 2 bedroom apartment is quite telling. If only we could juxtapose this with the cost of feeding 2 or three people as well in these terms.
And the really amazing part, for me at least, is that for Capitalism to truly survive as a commodity/consumerist form of operating system, a good deal more than $20 an hour would be required. After all, how else would the ever increasing lower than middle class be able to afford to buy what this insane making monster puts out?
As I've indicated before, I find it quite unlikely that having the robots somehow take up the purchasing slack will provide an effective solution. And yet this marginal group at the top of the power pyramid still thinks that big profit margins, and continual cost cost cutting can go on for ever. What unbelievable stupidity. And its taking us all towards the same precipice.
Mapping the Hourly Wage Needed to Rent a 2-Bedroom Apartment in Every U.S. State