Loading ...Shown: “A healthy financial system would be able to sustain debt repayments through organic growth”
Revised: A healthy financial US Consumer would be able to sustain debt repayments through organic growth in pay increases to non union, private sector workforce.
The US Gov’t and bankers, for their own benefit, should declare a minimum wage NOT stated in US Dollars, but stated in…
#1 Price, monthly, cost of a small studio apartment.
#2 Price, or value of a 10 year car, and related repairs.
#3 Price, weekly, supply of food, grocery needs.
#4 Price or cost of 15-20 gallons of gas, weekly.
#5 On top of above, an extra 10% to cover recreation and add savings.
The above would naturally be different in every state in the USA.
Copy paste the above and fill in the answers in your county or state.
P.S. The old rule of thumb was your weekly pay should cover your monthly rent. So in the N.Y.C. suburbs minimum weekly pay should be $1,000/week or $25/hour S/B minimum wage.
And don’t tell me about a McDonalds burger flipper. They work harder than a mailman, and look at the pay difference. I get amused when I see a well paid grown men deliver unwanted circulars to my mailbox.