Minimum Wage

MY OWN KNOWLEDGE BASIS FOR MINIMUM WAGE

Household 1 HH 2 HH 3 HH 4 HH
Health Care 6000 8000 10000 12000
Average Apart 7800 9900 13200 13200
Cost for Car 8250
Cost for 2 Cars 12375 12375 12375 12375
Cost for Food 3600 6000 8000 10000
Average Util 1800 2600 3200 3400
Retirement 4000 6000 6000 6000
Clothing 800 1600 2400 3200
Misc Household 500 750 1000 1250

32750 47225 56175 61425

$15.75 $22.70 $27.01 $29.53

Average not taxed Wage needed just to get by 23.74

20% Income Tax on $30 an hour 6

Minimum Wage needed for no frills lifestyle: $29.75

The Green Phoenix Poverty Salary $61,873.75

This is the Minimum Wage needed for there to be no social security and no government sponsored health care…..but still does not address the 20-40 million who cannot work.

Remember that the poor folks making over $250,000 were recently crying about getting taxed more, and that $250,000 was a difficult income to live on, but had enough extra influence to get that tax beat down to defeat. So %61,873 is merely a poverty wage by that standard.

Example to prove that there is more than enough money (GDP) sloshing around to accomplish this scheme:

$61,874 Annual Income for 150 Million persons in the US equals

$9,281,062,500,000 150 million $61,874 incomes is only 9.3 Trillion! (There were less than 150 Million tax returns)

US GDP was 15 Trillion last year so that would leave 5.7 Trillion for the Rich. And since most people spend most of their money it would really mean a whole lot more for the rich and local and state governments and all the related businesses providing health care and retirement and housing and the rest of the economy.

The Green Phoenix says: Minimum Wage $30.00 an Hour. And Minimum Welfare allotment to anyone unemployed for any reason equal to a $15.00 an hour salary.

Progressives wake up. Demand it. No Compromise. Throw them all out unitll the demands are granted. The Right Wing is going for all their Demands we should do no less.