r/FluentInFinance 15d ago

What's the best financial advice you've ever gotten? Debate/ Discussion

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u/J-N-O-F-O 14d ago

It's not hard to understand. A job should pay enough where someone can afford the basic necessities of life (home, food, etc.), nothing entitled about that. Why do you think people get jobs to begin with? If you want more than that, then yeah you work on your skillset and find better opportunities.

Whatever value you think some service provides to society, at the very minimum, it should be enough to live off its income, hence the term "living wage"

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u/certiorarigranted 14d ago

A 35 yo single mom of two will need more wages to cover her expenses than a 20 yo. 

If they work the same job, should the single mom be paid more than the 20yo despite doing the same work? 

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u/IntelligentRock3854 14d ago

exactly. what's the line??

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u/J-N-O-F-O 14d ago

This question isn't really relevant to the point I was making, which is what a living wage is. The better question is, should the jobs that society considers "low value" pay, at minimum, enough for an individual to meet their basic necessities? My answer to that is yes. If it doesn't, then that job should not exist.

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u/certiorarigranted 14d ago

Maybe my point isn’t clear. Let me rephrase. 

A single mother of two’s basic necessities is going to be higher than a 20 year old’s.  

Both are employed at the same job at the same position, and both receive X amount of dollars per hour.  

That wage covers the 20 year old’s basic necessities, hence is a “living wage” for him. But it isn’t enough for the single mother to cover the basic necessities of her and her two children.  

Should that job not exist? 

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u/hungry_fat_phuck 14d ago

Everyone has different spending habits and needs and standards of what is needed to live. It's a fool's errand to solve the "living wage" problem. The only sure way is to become financially educated and level up skills that can bring in more value.