Will the end of the Pandemic Unemployment Benefits turn a worker's market into a manager's market?

#52
#52
Tyler Durden said:
Not one of the states in the US has a livable wage less than $40k. Yet we're supposed to believe that $15/hr is a gift?

Livable Wage By State 2021
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Again how do they define “livable wage?” When you say things like “unlivable” that should mean you can’t afford housing, food, utilities, etc. or that you depend on government benefits to provide you with some of those things. You can use a basic paycheck calculator and know that isn’t the case for 90% of the country. Yes if you’re single, $38k in one of our major cities would be stretching your budget. But again, you’re the one who threw out the 90% figure, and basic common sense should tell you that number isn’t anywhere close to being accurate.
 
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#53
#53
volinbham said:
It's from your link. 50% of $68K is 34K which leaves 15% beyond necessities ($500/mo). Clearly livable.
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Ok since it's so easy why don't you do a little experiment until the end of the year? Donate whatever of your monthly earnings you have that would exceed $40k/year to charity and live off what you have left. Then report back and tell us all how easy it was for you! Toodles!
 
#54
#54
Tyler Durden said:
Ok since it's so easy why don't you do a little experiment until the end of the year? Donate whatever of your monthly earnings you have that would exceed $40k/year to charity and live off what you have left. Then report back and tell us all how easy it was for you! Toodles!
Click to expand...
Or why don’t you use basic arithmetic and come up with a monthly budget for someone making $20 an hour. You’d be able to see that it’s more than enough to “live on” in 90% of the country.
 
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#55
#55
Tyler Durden said:
Ok since it's so easy why don't you do a little experiment until the end of the year? Donate whatever of your monthly earnings you have that would exceed $40k/year to charity and live off what you have left. Then report back and tell us all how easy it was for you! Toodles!
Click to expand...

why don't you do an experiment and read your links before you post them - they debunked you.
 
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#56
#56
guess this needs repeating - from Tyler's link

In Manhattan, the most expensive city, the livable wage is $17.46 an hour, and one would still need roommates."

sorry you didn't read your link but it indicates $20/hr is livable EVERYWHERE in the US. you'd even have a spare $100/week in Manhattan
 
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#59
#59
volinbham said:
guess this needs repeating - from Tyler's link

In Manhattan, the most expensive city, the livable wage is $17.46 an hour, and one would still need roommates."

sorry you didn't read your link but it indicates $20/hr is livable EVERYWHERE in the US. you'd even have a spare $100/week in Manhattan
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And I'd even have roommates!!! Maybe we can all pool our money at the end of the week and buy enough ramen, heroin, and rat poison to make it to next weekend!!!
 
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#61
#61
It's not the end of the world to not have Netflix, Hulu, DoorDash, UberEats. My family halved our grocery bill by switching to Aldi and scratch-and-dent grocery stores. With my wife and I both employed again, we haven't felt the need to go back to big grocery chains. And still not adding broadcast or cable TV no matter what income we have.
 
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#65
#65
AshG said:
It's not the end of the world to not have Netflix, Hulu, DoorDash, UberEats. My family halved our grocery bill by switching to Aldi and scratch-and-dent grocery stores. With my wife and I both employed again, we haven't felt the need to go back to big grocery chains. And still not adding broadcast or cable TV no matter what income we have.
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Funny thing is my Uncle still lives in the cabin that he grew up in passed Pressmans Home. He's got running water in it, but still has the outhouse as he refuses to put in a full bathroom. Now I know that's supper old school, but anyone of us could make it if crap ever hit the fan. We have just got super spoiled over the years. People that has it alot worse then us made it.
 
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#66
#66
Boston Vol said:
Or why don’t you use basic arithmetic and come up with a monthly budget for someone making $20 an hour. You’d be able to see that it’s more than enough to “live on” in 90% of the country.
Click to expand...
Here I’ll do it fo you. I’ll use my current city, Lexington, KY as an example. Not a huge city, but well north of 300k inhabitants and the second highest cost of living in the state.

So we’re going to go with $2500 a month. That’s not an exact figure, but with full time hours at a wage of $20 that’s at least a fair number.

rent-$800 a month. There are certainly much cheaper apartments in Lexington, but $800 a month is a pretty decent apartment.

Car payment-$250 a month. I would guess that $250 a month gets you a pretty nice vehicle. I pay $297 a month for my BMW, so I would assume that $250 a month would get you a pretty decent car.

Car insurance-$130 a month? Now this would obviously depend on your driving history, but I think $130 is certainly a reasonable guess for what one would pay.

Utilities- $120 electric, this will be lower in the summer and obviously higher in the winter, but for an apartment I think this is a fair average payment for the year.

Water-$40. Most apartments these days will add your water bill to to your monthly rent payment. And in a lot of cases this will actually lower your payment as they divide the total amount they are charged by the water company by the number of tenants that they have. But again, we’ll go with $40.

Internet-$60? I can’t speak for everyone in Lexington but I pay $56 a month for internet only service through spectrum.

Cell phone-$110? That’s sounds reasonable for one line these days. That’s probably even a little high.

So using these numbers, you would still have almost $1000 a month left over for gas, healthcare, food, etc. So yes it’s pretty obvious that $20 an hour, in a decent size city, with a nice apartment and fairly nice car, is more than enough to live on.
 
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#67
#67
The upper hand always swings. It will soon be back on the employer side. We have injected so much "stimulus" it's absurd. The next man made crisis are the millions of people who are about to be evicted. Who will have a very difficult time renting again bc they were morons this past 18 months. You seriously chose to not work, bank stimulus, not pay rent, and now you want sympathy for being tossed on your ass? Try again. Millions of jobs have been available for a long time. I could literally hire 500 people and still be short. But I was scared isn't an excuse.
 
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#68
#68
Boston Vol said:
Here I’ll do it fo you. I’ll use my current city, Lexington, KY as an example. Not a huge city, but well north of 300k inhabitants and the second highest cost of living in the state.

So we’re going to go with $2500 a month. That’s not an exact figure, but with full time hours at a wage of $20 that’s at least a fair number.

rent-$800 a month. There are certainly much cheaper apartments in Lexington, but $800 a month is a pretty decent apartment.

Car payment-$250 a month. I would guess that $250 a month gets you a pretty nice vehicle. I pay $297 a month for my BMW, so I would assume that $250 a month would get you a pretty decent car.

Car insurance-$130 a month? Now this would obviously depend on your driving history, but I think $130 is certainly a reasonable guess for what one would pay.

Utilities- $120 electric, this will be lower in the summer and obviously higher in the winter, but for an apartment I think this is a fair average payment for the year.

Water-$40. Most apartments these days will add your water bill to to your monthly rent payment. And in a lot of cases this will actually lower your payment as they divide the total amount they are charged by the water company by the number of tenants that they have. But again, we’ll go with $40.

Internet-$60? I can’t speak for everyone in Lexington but I pay $56 a month for internet only service through spectrum.

Cell phone-$110? That’s sounds reasonable for one line these days. That’s probably even a little high.

So using these numbers, you would still have almost $1000 a month left over for gas, healthcare, food, etc. So yes it’s pretty obvious that $20 an hour, in a decent size city, with a nice apartment and fairly nice car, is more than enough to live on.
Click to expand...

Lived in Lexington for 3 years for grad school. I enjoyed it.
 
#69
#69
Boston Vol said:
Here I’ll do it fo you. I’ll use my current city, Lexington, KY as an example. Not a huge city, but well north of 300k inhabitants and the second highest cost of living in the state.

So we’re going to go with $2500 a month. That’s not an exact figure, but with full time hours at a wage of $20 that’s at least a fair number.

rent-$800 a month. There are certainly much cheaper apartments in Lexington, but $800 a month is a pretty decent apartment.

Car payment-$250 a month. I would guess that $250 a month gets you a pretty nice vehicle. I pay $297 a month for my BMW, so I would assume that $250 a month would get you a pretty decent car.

Car insurance-$130 a month? Now this would obviously depend on your driving history, but I think $130 is certainly a reasonable guess for what one would pay.

Utilities- $120 electric, this will be lower in the summer and obviously higher in the winter, but for an apartment I think this is a fair average payment for the year.

Water-$40. Most apartments these days will add your water bill to to your monthly rent payment. And in a lot of cases this will actually lower your payment as they divide the total amount they are charged by the water company by the number of tenants that they have. But again, we’ll go with $40.

Internet-$60? I can’t speak for everyone in Lexington but I pay $56 a month for internet only service through spectrum.

Cell phone-$110? That’s sounds reasonable for one line these days. That’s probably even a little high.

So using these numbers, you would still have almost $1000 a month left over for gas, healthcare, food, etc. So yes it’s pretty obvious that $20 an hour, in a decent size city, with a nice apartment and fairly nice car, is more than enough to live on.
Click to expand...
In fairness you left off payroll taxes. So it's not $2,500 a month.
 
#72
#72
AshG said:
I'm one of those guys who starts looking for a job the moment I lose one. The punish comment wasn't meant to suggest entitlement mindset, but more the matter that they missed their window for best consideration in a wide open market.
Click to expand...


Yes, anyone who is now looking for a job or had a job and refused to come back until the money stopped is highly expendable.

The business owners have found out very quickly who is an isn’t important and a lot of the ones who came back early will be fast tracked to management and looked very favorably upon. The others will be gap fillers.

This isn’t my opinion. This is what local business owners I know are doing.
 
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#73
#73
volfanhill said:
The upper hand always swings. It will soon be back on the employer side. We have injected so much "stimulus" it's absurd. The next man made crisis are the millions of people who are about to be evicted. Who will have a very difficult time renting again bc they were morons this past 18 months. You seriously chose to not work, bank stimulus, not pay rent, and now you want sympathy for being tossed on your ass? Try again. Millions of jobs have been available for a long time. I could literally hire 500 people and still be short. But I was scared isn't an excuse.
Click to expand...
Agree 100%. I work in wastewater in north alabama. I'm in and out of neighborhoods all day. Its been crazy to see all the cars in driveways during work hours and people blowing their money on TVs(empty boxes by the road) , and new car payments. Its going to be a hard winter for a lot of people.

Wish I got an increase in pay for working in **** during covid, I guess its just for minimum wage workers who have been free loading the past year and a half.
 
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#74
#74
Boston Vol said:
Here I’ll do it fo you. I’ll use my current city, Lexington, KY as an example. Not a huge city, but well north of 300k inhabitants and the second highest cost of living in the state.

So we’re going to go with $2500 a month. That’s not an exact figure, but with full time hours at a wage of $20 that’s at least a fair number.

rent-$800 a month. There are certainly much cheaper apartments in Lexington, but $800 a month is a pretty decent apartment.

Car payment-$250 a month. I would guess that $250 a month gets you a pretty nice vehicle. I pay $297 a month for my BMW, so I would assume that $250 a month would get you a pretty decent car.

Car insurance-$130 a month? Now this would obviously depend on your driving history, but I think $130 is certainly a reasonable guess for what one would pay.

Utilities- $120 electric, this will be lower in the summer and obviously higher in the winter, but for an apartment I think this is a fair average payment for the year.

Water-$40. Most apartments these days will add your water bill to to your monthly rent payment. And in a lot of cases this will actually lower your payment as they divide the total amount they are charged by the water company by the number of tenants that they have. But again, we’ll go with $40.

Internet-$60? I can’t speak for everyone in Lexington but I pay $56 a month for internet only service through spectrum.

Cell phone-$110? That’s sounds reasonable for one line these days. That’s probably even a little high.

So using these numbers, you would still have almost $1000 a month left over for gas, healthcare, food, etc. So yes it’s pretty obvious that $20 an hour, in a decent size city, with a nice apartment and fairly nice car, is more than enough to live on.
Click to expand...

Anybody that is struggling to make ends meet working 40 hours/week can take a $10/hour part time job 10 hours/week. Should be able to pocket another $4,000-$5,000/year.
 
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#75
#75
volfanhill said:
In fairness you left off payroll taxes. So it's not $2,500 a month.
Click to expand...
I don’t think I left them off, but in any case let’s say $2100. Then you still have over $600 month. And that’s with a nice apartment and car. So more than a “livable wage.”
 
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