Minimum wage?


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About Emmett

I am a 1st grade teacher who loves reading, writing, hiking, corresponding, learning languages, and lots of other stuff fit for a person with mild ADD. I am married to the wonderful Angela Estes and I have two fabulous daughters, Margaret and Emily.
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2 Responses to Minimum wage?

  1. Emmett says:

    One thing that strikes me about the labor market today is the expectation that the modern worker has about someone else providing employment. “I haven’t found a job” indicates that there should be one out there, but often there is not. We live in a world where the consumer (us) wants to pay China prices for American goods, so we force our neighbor into low-wage jobs at WalMart. It never occurs to us to start our own jobs, to make our own success.

  2. Emmett says:

    You can buy a house in many towns in New York State for under $75,000. If one uses the old rule of thumb for homeowning, you should never pay more than 5 times your annual pre-tax salary for a house. So somebody earning minimum wage, working 40 hours a week, would earn $17,680 a year. Multiply that by 5 and you get $88,400. Thus homeownership is within reach of those earning $8.50 an hour. If there are two wagearners in the home, it becomes quite possible.

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