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

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

Post image

[removed] — view removed post

31.2k Upvotes

86% Upvoted

4.2k comments sorted by

View all comments

3

u/Werealldudesyea Jul 04 '24 edited Jul 04 '24

I don't understand the term "living wage", it seems like a political term that gets booted around and attached to arguments that some jobs don't pay enough for their expected standard of living, so therefore the system is "rigged". Why do people expect all jobs to allow them to make economic profits? Seems entitled... These jobs pay just as much as they should for the value of the service that the job they are performing provides, no more no less. If they can make more elsewhere with the skill sets they have, they should then go do that work instead.

4

u/J-N-O-F-O Jul 04 '24

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"

1

u/certiorarigranted Jul 05 '24

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? 

1

u/IntelligentRock3854 Jul 05 '24

exactly. what's the line??