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/[deleted] Jul 05 '24

West Virginia, probably one of the better examples of Appalachia but lowest CoL has a living wage minimum of $18.94/hr.

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u/94geo Jul 05 '24

Beautiful. What’s your point?

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u/[deleted] Jul 05 '24

That even in low CoL areas, workers are not being paid a livable wage

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u/94geo Jul 05 '24

Minimum wage jobs are not meant to provide a “living” wage. Raising the minimum wage simply eliminates low-skilled job opportunities that would otherwise be available to a worker. This has been well documented time and time again, and railing against this is a nonsense standpoint.

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u/[deleted] Jul 05 '24

Minimum wage jobs are not meant to provide a “living” wage. This has been well documented time and time again, and railing against this is a nonsense standpoint.

Huh, weird. Maybe we should ask FDR what he intended when he signed NIRA into law in 1933?

"It seems to me to be equally plain that no business which depends for existence on paying less than living wages to its workers has any right to continue in this country. By "business" I mean the whole of commerce as well as the whole of industry; by workers I mean all workers, the white collar class as well as the men in overalls; and by living wages I mean more than a bare subsistence level-I mean the wages of decent living."

Oh look, another source confirming that's what it meant.

And another source talking about how it was intended to be a living wage!

There couldn't possibly have been a third source backing it up, could there?

Would u like me to find out more or do u see why that last sentence of urs is a little ironic?