Quote:
Originally Posted by floridaorange
$20 x 40 hours = $800 x 4 = $3200, how much of that $3200. $38,500 a year minus taxes = $31,966
So even though you’re not meant to “live on min wage” $31,966 is hardly enough to live on in California.
That’s assuming you have no kids.
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Note that people making $38.5K basically pay no FIT. Summarized data here:
https://taxfoundation.org/data/all/f...a-2023-update/
And yes, you're not going to make it on $32K in CA, where take home pay may well be even less than that (too lazy to look up my former state's tax schedule right now
).
However, in New Hampshire, where I lived from 1997-2017, there is no state income tax, so the only taxes a worker would pay would be FICA, and property tax was buried inside, presumably, his or her rent. There's also no sales tax in NH. Tax-wise, it's a helluva state to retire to, I can tell you that!
Quote:
Originally Posted by 2000cs
A mandate for higher fast food wages will result in other employees wanting higher wages...
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This was the first reaction I had when I read about the new policy. The people running the state will be lucky if they haven't opened a pandora's box.
I'm certain the California Nurses Association, along with many other powerful players, are already making plans to take advantage of what seemingly began as a one-off measure. Don't believe it.
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I'm happy that fast food workers will be making more money, and more power to them. I spent my work life solving that problem, and it allowed this CA high school grad to retire at 45. I'm well aware that very few minimum wage workers have or will have the advantages I had.
However, I believe that legislating wages in this manner is certain to have consequences that
have been foreseen and ignored, all for political gains among the various players. Where are the qualified leaders we need at a time when so many struggle to make ends meet, with California leading the nation in that unenviable metric?
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'Kay, I'm off the soapbox now.
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