Ed Pawlowski wrote:
> On 1/1/2016 4:13 AM, sf wrote:
>> On Thu, 31 Dec 2015 19:10:33 -0600, "cshenk" > wrote:
>>
>>> sf wrote in rec.food.cooking:
>>>
>>>> On Thu, 31 Dec 2015 09:22:15 -0500, Gary > wrote:
>>>>
>>>>>
>>>>> No real business can survive on $125 per day gross income.
>>>>
>>>> Forget the business. How can a single person can do more than couch
>>>> surf at that rate, when they live in or near an urban area?
>>>
>>> Umm, it's 15$ an hour. Granted it's only 32.5K a year, but with a
>>> spouse working, puts you pretty much into middle income levels.
>>
>> $32k is barely making it here or any urban area AFAIC.
>>
>
> It is not living large anywhere, but in some locations you could get by,
> have a modest used car. It is not like the wages for average factory
> workers in the 1950s where you could buy a house and raise a couple of
> kids on one income.
>
> It also show that you need some education and skills to do well and make
> $25 and up.
>
> The push for the $15 minimum is just going to be inflationary. The
> person now making $15 will want $20 because he has more skill, the guy
> now making $20 will want $25 etc. The $4 loaf of bread will be $10.

It's called a multiplier effect, it passes through every good and
service to the point where there are more dollars in circulation but NOT
more purchasing power.

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