Submitted by Malcopticon t3_104zj95 in UpliftingNews
Comments
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.
[deleted] t1_j38mzp9 wrote
[deleted] t1_j38pdap wrote
TheMcWhopper t1_j39kcjp wrote
Is there even a definition for a "living wage"
BullAlligator t1_j39qtcz wrote
Yes. It's enough money to maintain a decent standard of living without being subsidized by the government.
The question then is what qualifies for a "decent standard of living".
[deleted] t1_j39u4c2 wrote
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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.
Cwallace98 t1_j3a9e89 wrote
People that have given up because childcare is too expensive is a big one.
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.
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.
JoelyMalookey t1_j3bxlh6 wrote
There are a bunch of U numbers at the bureau of labor and statistics website.
pattiemcfattie t1_j3cdskw wrote
How about the people who have been laid off and still have cash? Eg tech workers.
BullAlligator t1_j3d7tna wrote
Yeah I think it's disturbing how most people live with well below the standards I have for a decent wage and wealth is very unevenly distributed.
[deleted] t1_j3du7a7 wrote
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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.
RaisenVR t1_j3m0tx0 wrote
"nObOdY WaNtS tO WoRk AnYmOrE"
[deleted] t1_j3vuhpw wrote
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