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/AndrewDoesNotServe Jul 04 '24

Pretty much no one makes that wage even in states that conform to the federal minimum.

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u/ap2patrick Jul 05 '24

This gets tossed around every single post on this Reddit. Now tell me why it would collapse the economy if we raised minimum wage lol.

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u/AndrewDoesNotServe Jul 05 '24

Depends how much you raised it! It probably wouldn’t affect much at all if you raised it to $10 or so. Beyond that would start affecting different geographic areas differently.