If you enter in a US city, another takeaway from the rendered table is that U.S. living standards (measured economically) continued to improve for some time after the 1970s despite weak wage growth largely because *more households relied on two earners instead of one*. While productivity kept rising, the gains were increasingly captured at the top and not shared with the workers. Of course that buffer is now long gone, but wages haven't kept up.
MIT Living Wage Calculator
151–160 of 305 posts
Re: MIT Living Wage Calculator
#152The older I get the more I realize how fraught the idea of a "living wage" is. Through mid life, your financial health is not as determined by wages, but by your family/connections. Do you have access to a grandmother who can babysit? A decent second-hand car? A good roommate situation? Just look at the expense table - any one of these things could be worth up to 20% of your income! And you see that literally right h…
It needs to be because the US has leaned further into individualism relative to other countries. If society's golden metric of success means being able to acquire all of these luxuries or services purely through monetary means as transactional individuals, don't be too surprised when the expenses rack up.
Re: MIT Living Wage Calculator
#153Can anyone speak to the reliability of using metropolitan statistical areas for something like this? Having lived across on both sides of the tracks in a few, grouping them for something like this seems like an interesting choice. One that I probably wouldn't agree with, but I'm out of my depth
Re: MIT Living Wage Calculator
#154This calculator says that the median household in my county is not making a living wage, which is ridiculous on its face.
Re: MIT Living Wage Calculator
#155The older I get the more I realize how fraught the idea of a "living wage" is. Through mid life, your financial health is not as determined by wages, but by your family/connections. Do you have access to a grandmother who can babysit? A decent second-hand car? A good roommate situation? Just look at the expense table - any one of these things could be worth up to 20% of your income! And you see that literally right h…
It needs to be because the US has leaned further into individualism relative to other countries. If society's golden metric of success means being able to acquire all of these luxuries or services purely through monetary means as transactional individuals, don't be too surprised when the expenses rack up.
Just because the wider society encourages it, your family doesn't have to lean into individualism, and many don't. We got by when I was a kid with a lot of help from friends and family, when I am absolutely sure we didn't have a living wage under this definition.
Re: MIT Living Wage Calculator
#156Earlier quoted context omitted.
It needs to be because the US has leaned further into individualism relative to other countries. If society's golden metric of success means being able to acquire all of these luxuries or services purely through monetary means as transactional individuals, don't be too surprised when the expenses rack up.
Just because the wider society encourages it, your family doesn't have to lean into individualism, and many don't. We got by when I was a kid with a lot of help from friends and family, when I am absolutely sure we didn't have a living wage under this definition.
Did you fairly compensate your friends and family members for that "help"? Systematic reliance on wholly unpaid labor is not exactly something to be proud of.
Re: MIT Living Wage Calculator
#157I don’t think this is very accurate. In my county the “living wage” is $26.50 for a single adult with no children. Many young people I know live on much less than this. This is more like “optimal wage to live alone in my own apartment with a car.” Which of course, people would like to have but certainly isn’t required to be comfortable. For example, transportation costs are $9000/year and housing is $20000/year. Thes…
Is a living wage there bare minimum to live or enough to live a life?
I don’t make a living wage for my region and while I can afford food and a room to rent, I can’t really live a decent life, save for the future or invest in myself, I just barely get by every paycheque to paycheque. Thanks
Re: MIT Living Wage Calculator
#158Earlier quoted context omitted.
I think “I should be able to fully express my food brand preferences” is not a reasonable standard of livable.
Food choices are highly personal. It’s probably the single most variable expense item here. Who are you to decide for someone else whether their food is reasonable enough or not. And furthermore, in general Americans are among the least picky about their foods; now ask a Frenchman or a Chinese about their food culture.
Well I’m not the one to decide. That’s why we let individuals allocate money for themselves so they can prioritize what they care about from their resource pool.
Because preferences for food, housing, and healthcare are essentially unbounded, I think you will always have unmet preferences.
Re: MIT Living Wage Calculator
#159I don’t think this is very accurate. In my county the “living wage” is $26.50 for a single adult with no children. Many young people I know live on much less than this. This is more like “optimal wage to live alone in my own apartment with a car.” Which of course, people would like to have but certainly isn’t required to be comfortable. For example, transportation costs are $9000/year and housing is $20000/year. Thes…
Hard disagree on this. $26.50 sounds like a nightmare 10 years ago, let alone now. There's a lot of places in the US where having a car is essentially mandatory (actually, most places). If you can't afford a car, that limits where you can live to mostly urban areas, which then pushes the housing cost up.. and by the way, housing costs are always going up, and no, you won't be able to invest in a home, you've been pri…
It’s obviously not required based on the evidence of many people who live and thrive without.
$9000/year is a ton more than just having a car.
Re: MIT Living Wage Calculator
#160Earlier quoted context omitted.
They lived in a house or apt with a third the sqft/person that was far more likely to catch fire and didn't have AC. If they had a car they most likely shared it. It was far less safe, didn't have AC, guzzled gas and polluted. Never ate out and spent a third of earnings on cheap grocery store staples. College and healthcare was much cheaper, and they got a lot less of it. We're benefiting greatly from the increase in…
>They lived in a house or apt with a third the sqft/person that was far more likely to catch fire and didn't have AC. But at least they could afford a house, right? I think a lot of people would accept living in a house without AC and more likely to catch fire. Is a house like that cheap today? No, right? It's crazy expensive as well. >If they had a car they most likely shared it. It was far less safe, didn't have AC…
>more likely to catch fire
>Is a house like that cheap today? No, right? It's crazy expensive as well.
I assume by catch fire GP means electrical wiring? Many houses on market today are literally not remodeled since the 1940s so retain that original wiring.