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irredentistdecency t1_j38dawa wrote

We really should include people who aren’t earning a living wage in the unemployment figures to more accurately reflect the state of our economy.

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Stunning_Earth9624 t1_j3a8knl wrote

This number does not nclude the people who have given up looking, which is probably at the highest it has ever been in years.

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irredentistdecency t1_j3aufi6 wrote

While I agree with your perspective, your argument adds complexity that weakens the case rather than strengthen it.

The government already calculates a “cost of living index” for every part of the country.

A living wage is simply any wage which is at or above the cost of living in that location.

Should we, as a society aim for the higher standard of a “a decent wage”? Absolutely, & I’d define a decent wage as a wage that allows a person to cover the basic costs of living + 10% of their income in discretionary spending & another 10% in savings.

I find it amazing that the idea that corporations have to make a profit from their efforts is considered obvious but the idea that a worker also should profit (profit being income minus expenses) is considered communism.

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irredentistdecency t1_j3auozf wrote

A living wage is a wage that meets or exceeds the government’s calculated cost of living for a particular area.

No person who works 40 hours a week should earn less than the actual cost necessary to provide that labor.

Otherwise we are as a society subsidizing the operations of corporations.

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pattiemcfattie t1_j3cdskw wrote

How about the people who have been laid off and still have cash? Eg tech workers.

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HaroldGodwin t1_j3ib0m8 wrote

Apparently people in these replies don't understand these statistics. These figures are based on a consistent methodology that hasn't changed. And so the numbers can be compared to each other and trends drawn.

You can compare rates of long-term unemployed to each other, but that's different from the overall Unemployment Rate.

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RaisenVR t1_j3m0tx0 wrote

"nObOdY WaNtS tO WoRk AnYmOrE"

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