Saturday, 3 June 2017
Raise the Wage to $15, Raise the Quality of Life!
Perfect example for the need for the minimum wage raise:
A friend of a friend of a friend just posted about a friend needing
to rent an apartment in the range of $700-$800 a month.
Let's say you make minimum wage and you're lucky
enough to work 40 hours per week.
$11.40 x 160 hrs/mo = $1824
less 20% income tax = $1460 net income per month
$1460 - $800 rent = $660 left
If you were to go to get credit they would calculate your
total debt service ratio.
With $800 rent and only rent, your TDSR is 44%
No credit for you!
No progress for you!
No car for you, no trips for you, no hotel stays for you!
No purchase between paychecks, no extras, no booze,
no chippies, no dime bags, nothing.
If you made more you could spend more.
But you can't even get credit so you simply can't spend more.
Dear business owners, we can't wait to spend more when
we make more.
Doesn't this excite you??
It really should excite you.