The pay grade doesn't seem to ever increase with our economy. The cost of living rises every year, but minimum wage remains very low (at least in Florida). Most people in their 20-30's can't afford to buy housing or live on their own without making over 32k per year. This wasnt the case 10 years ago.
2006-06-13 04:04:23 · 7 answers · asked by Adrian B 2 in Business & Finance ➔ Personal Finance
Most people I know with "good" paying jobs have roomates to get by or have to make over 30k/yr to afford even small single family home or condo.
2006-06-13 08:41:47 · update #1
It has to do with inflation... people (owners) want to get rich and want you to keep working for the man making them more rich. If you see when minimum wage goes up so doesn't everything else... so why you get a whole .50 more per hour that cheese burger you are cooking just went up .10. That is how this works.. so the more you ask for the more you can expect to pay elsewhere... greed equals inflation.. GG(2)=I
2006-06-13 04:11:33 · answer #1 · answered by need to know basis 3 · 0⤊ 0⤋
You are right. The cost of living in florida is very high.. That is why people don't have car insurance, health insurance etc. We are in for a bad future if the gov and the people don't do something about it now. We have to change our economy before we don't have one.
I use to be able to survive in Boston which is expensive with out a second job know I can not. I feel I will have to move again. Moving to other areas not soo popular and scam oriented is a good idea. Living on less is hard and still enjoying yourself.. good luck
2006-06-13 11:13:35 · answer #2 · answered by Kitty Pride 1 · 0⤊ 0⤋
Technically it does, the rate of inflation and the rising minimum wage prove this. Most people I know get a yearly cost of living raise. It's always had to buy housing, and depending on where you live find a cheap place to rent, but it is possible to live on 20-30k per year... I've done it!
2006-06-13 11:09:13 · answer #3 · answered by peachmonk 4 · 0⤊ 0⤋
Your "Pay rate" and the Economy are not connected directly.
Labor, like everything else in capitalism, works by the rule of supply and demand.
Only when businesses can't find labor at the going rate, will the pay rate increase.
2006-06-13 14:21:11 · answer #4 · answered by vtguy777 2 · 0⤊ 0⤋
Call me cynical, but pay grade doesn't keep up with our economy because this is how the capitalist society controls it's citizens. Short answer, they can, and you can't do anything about it. Find a new job that pays more, go back to school, etc...
2006-06-13 11:14:09 · answer #5 · answered by WingFan 2 · 0⤊ 0⤋
not just in Florida, buddy,
its in all the industry countries.
live costs more, wages stay same.
its a kind of world wide eco crisis.
the rich guys gets richer, the poor gets poorer, the mid class struggles more and more, actually getting poorer, but trying to hold against it with working more for same money.
2006-06-13 11:22:26 · answer #6 · answered by Anonymous · 0⤊ 0⤋
go be a doctor or lawyer, you won't have this question/problem :)
2006-06-13 11:55:14 · answer #7 · answered by jean 4 · 0⤊ 0⤋