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Wednesday, March 30, 2016

California, Labor Groups Reach Tentative Deal To Raise Statewide Minimum Wage To $15/Hour

California is poised to become the first state to adopt a $15 an hour minimum wage. Over the weekend legislators in the state said they had reached a tentative agreement with labor unions that would see the state rollout the wage increase over the next six years. 

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2 comments:

  1. AnonymousMarch 30, 2016 at 7:29 AM

    Let's see:

    40 hrs. x $15.00 per hour = $600.00 per week.

    After taxes, social security, etc. maybe clear $450.00 a week at most.

    $450.00 week x 4 weeks = $1,800 per month.

    Typical Salisbury delapidated rental unit = $1,000 month

    Insurance for rental property, utilities, + approx. $200 month.

    Medical related premiums, co-pays, prescriptions, etc = $200.00 month

    Vehicle insurance + $100 month

    Food for 2 people per month = $200

    WOW - $100 left over at this point.

    A person on their own probably cannot live on this salary without some other external help such as another family member bringing in income or some form of "government relief" I wouldn't get too excited about that coming to Maryland.

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  2. AnonymousMarch 30, 2016 at 10:51 AM

    actually 7:29 you are a bit low on the "medical" estimate. More in the range of $400-$700 a month. Yes for a single person.

    and depending on which dilapidated rental you have it can easily cost you $4000 or more a year for heat - A/C - water/sewer.

    I know this all from actual experience.

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