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Could you live on $12,380.80 a year working double full time? [View All]

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Endangered Specie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-27-05 09:18 PM
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Could you live on $12,380.80 a year working double full time?
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Edited on Mon Jun-27-05 09:54 PM by Endangered Specie
That is how much a waiter makes on federal minimum wage for waiters (2.12/hr) working 16 hours a day for 365 days a year.

even if it were a 'generous' $3.50 or $4, thats a salary of $20,440 or $23360 respectively (this is assuming you can manage a 112 hour work week). For a 'mere' 80 hour work week (52 weeks) the federal minimum is 8819.20, and the two values above are 14560 and 16640.

Up the ante a little bit by considering that, even at that level, youll get taxed, and remember sales tax hurts alot more when you are poorer.

Consider this next time you leave a bad tip.

And for those of you who dont want to raise minimum wage, would you like to live on a salary of $21424 (minimum wage of 5.15 for an 80 hour work week, 52 weeks).

Read about some european minimum wages here (UK is $9/hr!):
http://en.wikipedia.org/wiki/Minimum_wage

Talking points next time you (or I) get a rich economics major in your face telling you the minimum wage is too high :mad:



by request, here are the figures for a 40 hour week (2000 hours a year)

2.12: 4240
3.50: 7000
4.00: 8000
5.15: 10300
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