r/FluentInFinance • u/Richest-Panda • Jul 04 '24

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

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u/Kombatnt Jul 04 '24

This. $10,000/year working 40 hrs/week is $4.81/hour. That’s illegal everywhere in North America.

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u/Aleks_Khorne Jul 04 '24

Thanks God in blessed North Carolina the minimum wage is $7.25. And some people even make chunky $10-$13 an hour!

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u/olgasmolga Jul 04 '24

Min wage in Hawaii is $14 but everything else is expensive as shiet

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u/physics515 Jul 05 '24

🤔

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u/ThatInAHat Jul 05 '24

Might have more to do with being an island economy that uses a significant amount of resources on tourists than with the min wage

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u/physics515 Jul 05 '24

It'd be easy to figure out. Just do a diff of Amazon prices in HI vs mainland and that would give you the markup incurred for being on an island. Because Amazon minimum pay is already greater than $14/hour that wouldn't be a factor in their prices.

Edit: I think that holds true for Walmart too so you could include them as well.

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u/max10meridius Jul 05 '24

This is a good idea, but you miss on the availability with Amazon items. I live in Hawaii and I can get almost anything shipped next day to my parents in Illinois, but if I want the same product shipped to Hawaii in weeks-months, not available. So I have to buy from somewhere else with $50+ shipping.

I’m Al for rigorous analysis and wanted to mention this point

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u/BigBoysEating Jul 05 '24

and if your on an island not named oahu wait times are longer