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MIT Living Wage Calculator

livingwage.mit.edu

31–40 of 305 posts

Re: MIT Living Wage Calculator

#31

Housing data is flawed. Even if you’re single, no kids, you’re limited to what is available and 1 bedrooms in my state can’t be had for less than $1500/mo anywhere in the state. Yet this says housing costs annually would be $12000. How? I think the data this is based off of is super stale.

It's basically out of date, since the housing market has changed so rapidly.

Re: MIT Living Wage Calculator

#32
post #10

I 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…

I disagree. Living wage is not minimum wage.

Re: MIT Living Wage Calculator

#33
post #10

I 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…

Are those people funding their retirement? Are they going to be able to take care of themselves as health issues come up? Are they receiving support from family?

Edit: also the housing cost is probably factoring in a studio or maybe a 1bd for a single person. That may seem luxurious to you, but for many that is the only real option they have (roommates are hard to come by and can hurt you physically and fiscally).

Re: MIT Living Wage Calculator

#34
post #18

Earlier quoted context omitted.

France is not an oil nation. We have 35h weeks and 5 weeks of paid vacation as well. Edit: Also, the US is a damn oil nation. It has nothing to do with oil, and everything to do with politics.

France has stuck is head in the sand regarding its future finances

So has the US, difference is the US citizens don't get anything good out of their debt.

Re: MIT Living Wage Calculator

#35
post #10

I 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…

"Living wage" means the ability to live, not scrape by with the bare minimum possible.

Re: MIT Living Wage Calculator

#36
Anecdotally, I found some of the costs like food and food to be inflated.

When I looked at the methodology, some is based on consumer surveys so it may be more reflective of over-consumption. In other words, it prices in what people want or what they’re used to, not what they need. The counterpoint is that maybe some wealthy countries should be pricing in a higher quality of life, but the “living wage” then becomes a bit of a misnomer.

Re: MIT Living Wage Calculator

#37
post #10

I 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…

I do think it's a crack up how when I check my own "living wage" i still under-perform in comparison to the chart, but in my county i'm within the top 15%.

Needless to say; only old people have homes and only those who have sufficient help get a nice appt.

Re: MIT Living Wage Calculator

#38

Does this base itself on the metric started in 1963, that was eseentially a big guess that 3x starvation level was well off? because we have better numbers now. Avg us salary is 60k, but to take car of the needs of a family of 4, not in starvation range is ~$160k/year

In the U.S., a family of four technically doesn't need any money "not to starve," because SNAP covers the cost of groceries if providers are unable.

Re: MIT Living Wage Calculator

#39
post #24

Someone is siphoning your value. It's quite obvious when you track the productivity, or ask questions about how did your great-grandpa survive at all without machines. Just stating the obvious, don't mind me.

Yeah I think people need to start asking the question, "Where is the money going". Its not just inexistent, its literally going somewhere other than your pocket.

Re: MIT Living Wage Calculator

#40

There is something wrong with the transportation cost. I live in a poor rural county, and it says the 0-child transportation cost is $10k+. People's trucks here don't even cost that much, and they don't drive far. I see it counts as 2 working adults, but it's still grossly inflated.

Are you factoring in fuel, repairs, maintenance, registration/taxes, and insurance? As well as depreciation?
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