I wish this was a Lonely Planet travel guide about how to live on $15 per day in some exotic land overseas. Then I would get to tell you where to find all of the best one dollar, hole-in-the-wall local food stands (bacteria and all).
But no, this piece is about living on minimum wage.
I know. Those who are against raising the minimum wage argue that businesses will just move out of town if the local jurisdiction mandates a higher wage. In our capitalistic culture, why should government dictate wages when our laissez-faire society that worships supply-and-demand is paramount?
But when 1% of people in America earn 22.5% of this country’s income, intervention for those living on the lower end of the economic spectrum seems to be the answer.
Most experts believe raising the minimum wage helps reduce this income disparity. Read More »