Money and Finance
Grinding away at some thankless job in fast food asking if someone wants fries with their order. Or working in the nearest grocery store or big box retailer restocking items or running the cash register. We've all done it at some point and I think it's safe to say that none of us want to ever go back to working for minimum wage.
Let's face it: Minimum Wage Jobs Suck
Obviously the money isn't that great when you're working a minimum wage job. Assuming a 40 hour work week every week of the year you're looking at grossing just $16,847.17 at the average minimum wage rate of $8.10 across the United States. That's in exchange for 2,080 hours of your life every year. There's a reason it's called "working for peanuts" because that's about all you can afford to buy.
I don't think anyone's surprised by the fact that there isn't much to be found in the way of financial rewards through minimum wage jobs. However, the income is just one reason why minimum wage jobs suck.
Read more »
- Warren Buffett's Op-ed On The Earned Income Tax Credit
Link to: Better Than Raising the Minimum WageIn my mind, the country’s economic policies should have two main objectives. First, we should wish, in our rich society, for every person who is willing to work to receive income that will provide him...
- The ‘busy’ Trap
If you live in America in the 21st century you’ve probably had to listen to a lot of people tell you how busy they are. It’s become the default response when you ask anyone how they’re doing: “Busy!” “So busy.” “Crazy busy.” It is, pretty...
- Income Update - November 2012
November's income was higher than my average so far for the year which is great because I'm still able tor reduce my expenses so every extra dollar of income gets to be converted into savings mainly dividend growth investing capital. Not only...
- Income Update - August 2012
August was a decent month for my spending with it being below my average so far for the year, but it was still higher than it should have been. My minimum expenses in August ended the month at $1,417.13. So far in 2012 my minimum expenses have averaged...
- Income Update - May 2012
May was right in line with April as far as spending. My minimum expenses and total expenses were pretty much even over the month which is good since they didn't go up but I didn't make a lot of progress on lowering them more. My minimum expenses...
Money and Finance
Minimum Wage Jobs Suck
Grinding away at some thankless job in fast food asking if someone wants fries with their order. Or working in the nearest grocery store or big box retailer restocking items or running the cash register. We've all done it at some point and I think it's safe to say that none of us want to ever go back to working for minimum wage.
Let's face it: Minimum Wage Jobs Suck
Obviously the money isn't that great when you're working a minimum wage job. Assuming a 40 hour work week every week of the year you're looking at grossing just $16,847.17 at the average minimum wage rate of $8.10 across the United States. That's in exchange for 2,080 hours of your life every year. There's a reason it's called "working for peanuts" because that's about all you can afford to buy.
I don't think anyone's surprised by the fact that there isn't much to be found in the way of financial rewards through minimum wage jobs. However, the income is just one reason why minimum wage jobs suck.
Read more »
- Warren Buffett's Op-ed On The Earned Income Tax Credit
Link to: Better Than Raising the Minimum WageIn my mind, the country’s economic policies should have two main objectives. First, we should wish, in our rich society, for every person who is willing to work to receive income that will provide him...
- The ‘busy’ Trap
If you live in America in the 21st century you’ve probably had to listen to a lot of people tell you how busy they are. It’s become the default response when you ask anyone how they’re doing: “Busy!” “So busy.” “Crazy busy.” It is, pretty...
- Income Update - November 2012
November's income was higher than my average so far for the year which is great because I'm still able tor reduce my expenses so every extra dollar of income gets to be converted into savings mainly dividend growth investing capital. Not only...
- Income Update - August 2012
August was a decent month for my spending with it being below my average so far for the year, but it was still higher than it should have been. My minimum expenses in August ended the month at $1,417.13. So far in 2012 my minimum expenses have averaged...
- Income Update - May 2012
May was right in line with April as far as spending. My minimum expenses and total expenses were pretty much even over the month which is good since they didn't go up but I didn't make a lot of progress on lowering them more. My minimum expenses...