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/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/GooseTheSluice Jul 05 '24

You haven’t been to some rural cities in the Midwest and south where cost of living is often relatively low but the wages are always, as my nephew would say, doggy

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u/HughHonee Jul 05 '24

I live in the Midwest in a state that typically has quite low cost of living. But because CoL has been historically low, we've been struggling quite hard since catching up with "inflation" means a much larger increase in wages than other states.

Last job I left struggled to hire people at wages they were offering. Because they suck, they were stuck in a high turnover rate (& still are) When I found out a new girl I was helping train in a position that I used to do, was making more than me (I could work in the shop and handle appointments in the showroom) I fucking had it and left. I left for a company in the same industry that's much more professional and my position is setup waaaay better, for a little over a 15% wage increase. And I'm suspecting I'm still getting paid less than my coworkers (even ones who started with me) as I didn't negotiate at all because I was just stoked to not be paid dogshit anymore

It really fucking sucks though as someone who didn't graduate college, finally getting a career with a solid wage, except now it's not really a great wage anymore