Monday, 10 November 2008

Minimum wage doesn’t work

I was a little bored this afternoon, and I decided to see how long I could hold out if I were forced to work for minimum wage while keeping my current standard of living. Big surprise, it turns out I would be eating into my emergency fund almost as soon as I took the “pay cut”. So that got me wondering, just how far do you have to stretch a dollar to live off of minimum wage in today’s economy? I crunched some numbers to see just difficult it is to get by when you’re forced to live off a low in

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