Mac1958
Diamond Member
It's not at all complicated. Experts have been assessing cost of living for as long as I can remember. Cost of living analysis is not the problem here.
- Should a minimum wage support a family?
- How large a family?
- What happens when the size of the family increases?
- What if that family has a lot of credit cards it foolishly took on?
- What if that family has a lot of loans it foolishly took on?
- What about kids who are still living with Mom & Dad, should they get a living wage too?
- What about cities and areas with higher costs of living?
- What if the spouse is working, how do you account for that?
- What if the spouse begins working after this job starts, how do you account for that?
- Can you think of any negatives for the business, and if so, do those negatives matter in any way?
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