Is this true?

[Psychosplodge]

Just saw this, and wondered how accurate it was?

1764

[DrLove42]

Probably.

Glad to know I'm not the only one who wastes a lot of time on memebase....

[Psychosplodge]

laptop on the workbench does wonders for productivity.....though tbh I've done far too much work already this week...

[scadugenga]

It all depends on location.

For example, a studio apartment in the lakeview part of Chicago will run you about $800/month for maybe a 400 sq foot apt. Min wage is $8.25/hour in IL.

However, in the state's capital, the same apt might run you $400/month or less.

Average apartment rates in my area are about $800-$1,000 for a 1-2 bedroom depending on location and amenities.

Edit: After projected taxes, a minimum wage worker will clear about $260.00/week. Or, in other words...they'll most likely need a roommate.

[Necron2.0]

I would believe it. Of course, the whole notion of a 40 hour work week is somewhat antiquated. In my industry, working only 40 hours a week is the surest way to get fired. I'd say the average work week in the US is probably closer to 55 hours.

[DarkLink]

http://www.forbes.com/sites/timworstall/2011/10/03/the-effect-of-the-minimum-wage-on-youth-unemployment/

[wittdooley]

Looks true in Ohio.

With those numbers figuring around $400 net a paycheck (bi-weekly) and a 2 bedroom in a "normal" area going for around $600-700 not including utilities, you're looking at your rent being ~80% of your monthly gross.

Sounds like Ramen Noodle time.

[Drunkencorgimaster]

Having lived in New York on the one extreme and Arkansas on the other I can vouch for it being true.

[scadugenga]

I would believe it. Of course, the whole notion of a 40 hour work week is somewhat antiquated. In my industry, working only 40 hours a week is the surest way to get fired. I'd say the average work week in the US is probably closer to 55 hours.



Depends on the position.

The Department of Labor reclassified my career path as "Salaried, non-exempt" meaning that if I work over 40 hours in a week, they have to pay me overtime.

Thus...no one works over 40 hours a week. They don't want to pay the overtime. :)

Where it really paid off was when I was activated for Catastrophe Response duty. 14-16 hour days, having to pay overtime, plus meals (no receipts required) and a daily per diem on top of that.

Made for some serious bank. :)

[lobster-overlord]

http://www.forbes.com/sites/timworstall/2011/10/03/the-effect-of-the-minimum-wage-on-youth-unemployment/

No wonder our economy is failing. We have morons who cannot use syntax or grammar correctly reporting the financial news for notable companies giving him an air of legitimacy. I got two paragraphs in to this article and stopped because of the lack of proper punctuation.

Edit: I did read the last paragraph before closing the window. Another bad series of sentences, but as a response, some parts of the US do offer alternative minimum wages for youth. In Florida, for the first 90 days of employment, as of 2006 at least, someone 16 or under could expect to be paid less than minimum wage as a "training" wage. Although, I never encountered an employer who took advantage of that.

[Drunkencorgimaster]

No wonder our economy is failing. We have morons who cannot use syntax or grammar correctly reporting the financial news for notable companies giving him an air of legitimacy. I got two paragraphs in to this article and stopped because of the lack of proper punctuation.


Wow. You weren't kidding. I thought CNN's website stories were bad...

[DarkLink]

I just watched the first part of Atlas Shrugged on netflix, and it was a very appropriate movie/book for these times. The whole plot is about how a mix of greed, misguided altruism and general incompetence lead to the near collapse of the economy (sound familiar?), and the few competent people start disappearing. Unfortunately they haven't made part 2 yet.