Living Wage vs. Minimum Wage

Remaining night I was finding out a dialogue on FlyerTalk that acquired into the question of whether or not or not or not tipping should be an expectation of lodge housekeeping employees. That dialogue veered off right into a a lot greater question of minimal wage versus livable wage. That dialogue rang a bell in my memory of two sources that I’ve highlighted before now to help school college students understand why minimal wage and livable wage are nearly not at all the equivalent issue. 

The Dwelling Wage Calculator is an efficient helpful useful resource hosted by MIT. The Dwelling Wage Calculator exhibits the current minimal wage and livable wage in all fifty U.S. states, the counties inside each state, and the largest metropolitan areas inside each state. The knowledge is equipped based mostly totally on folks and households. As an illustration, the livable wage for a single particular person in my county is $16.97/hour versus the minimal wage of $12.75 whereas the livable wage for a family 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 includes a corresponding desk of typical payments for each given location. These payments embody taxes, housing, transportation, toddler care, and meals. 

Life on Minimal Wage (hyperlink opens a Google Doc) is an train that I developed nearly 13 years previously to help my civics school college students acknowledge how troublesome it’s to economize when your solely job(s) pay minimal wage with out benefits. To win at Life on Minimal Wage the students have to achieve 5 financial goals that they select. To earn money the students have to complete the duties of their assigned jobs. The students then must pay required funds sooner than using money for his or her chosen financial goals. As the game progresses school college students will in all probability be issued “shock” enjoying playing cards which require them to spend money on points like dashing tickets, journeys to a effectively being clinic, and can improve in lease. All the roles in Life on Minimal Wage are linked so that if one enterprise slows manufacturing or closes, the workers of 1 different enterprise are moreover impacted. The aim proper right here is to point out the outcomes of a enterprise closing on a small metropolis’s financial system.

Important notes sooner than using this train:
I’ve not adjusted this train to account for inflation since 2009. You’ll more than likely want to do that.

Sooner than you piece of email me regarding the Browning rifle function card, please understand that these have been goals chosen by my school college students in a rural group by means of which trying is often a family customized. You’re welcome to range that card for use in your particular person classroom.

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