Dwelling Wage vs. Minimal Wage

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Final evening I used to be studying a dialogue on FlyerTalk that bought into the query of whether or not or not tipping needs to be an expectation of resort housekeeping workers. That dialogue veered off into an even bigger query of minimal wage versus livable wage. That dialogue jogged my memory of two sources that I’ve highlighted previously to assist college students perceive why minimal wage and livable wage are virtually by no means the identical factor. The Dwelling Wage Calculator is a good useful resource hosted by MIT. The Dwelling Wage Calculator shows the present minimal wage and livable wage in all fifty U.S. states, the counties inside every state, and the biggest metropolitan areas inside every state. The info is offered based mostly on people and households. For instance, the livable wage for a single individual in my county is $16.97/hour versus the minimal wage of $12.75 whereas the livable wage for a household of 4 with two working adults is $24.04/hour versus the minimal wage of $12.75/hour. To assist these calculations the Dwelling Wage Calculator features a corresponding desk of typical bills for every given location. These bills embody taxes, housing, transportation, baby care, and meals. Life on Minimal Wage (hyperlink opens a Google Doc) is an exercise that I developed virtually 13 years in the past to assist my civics college students acknowledge how tough it’s to economize when your solely job(s) pay minimal wage with out advantages. To win at Life on Minimal Wage the scholars have to succeed in 5 monetary objectives that they choose. To earn cash the scholars have to finish the duties of their assigned jobs. The scholars then need to pay required payments earlier than utilizing cash for his or her chosen monetary objectives. As the sport progresses college students shall be issued “shock” playing cards which require them to spend cash on issues like rushing tickets, journeys to a well being clinic, and will increase in hire. All the jobs in Life on Minimal Wage are linked in order that if one enterprise slows manufacturing or closes, the employees of one other enterprise are additionally impacted. The aim right here is to reveal the consequences of a enterprise closing on a small city’s economic system.Necessary notes earlier than utilizing this exercise:I’ve not adjusted this exercise to account for inflation since 2009. You will most likely wish to try this.Earlier than you e mail me in regards to the Browning rifle aim card, please perceive that these had been objectives chosen by my college students in a rural group through which searching is commonly a household custom. You are welcome to alter that card to be used in your individual classroom.

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