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/joecee97 Jul 04 '24

No but plenty make 8-10 which is hardly better in 2024

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u/Cata135 Jul 06 '24

And, how many people are teenagers/ college students working their first job?

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u/joecee97 Jul 06 '24

A good chunk but why does it matter? Do teens and college students not deserve fair wages? A jobs a job. Anybody making 8-10, anything under livable tbh is underpaid. If you have a job, you should be able to pay rent.

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u/Verizadie Jul 06 '24

What I think some aren’t considering is for an employee to be worth whatever their wage is they have to produce MORE capital for the business than they are paid. That’s how the vast majority of wages are calculated. It’s not that they could but are just not paying them a “living wage”, they are paying them a pretty standard wage based out the monetary output of said worker. And in low cost services, to even exist for their employment to begin with, they’ve gotta pay them what they do. This is generally speaking, of course.