Do you agree with the idea of having "living" wages? What would that include? I don't think it's controversial to say that the current federal minimum wage is far from what could be considered a "living" wage. What do you think a living wage should be in 2024? Feel free to critique my rough calculation in the comments

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Let's assume a living wage would allow you to divide your salary as follows: 40% Rent, 20% Savings, 10% Other Living Expenses, and 30% Discretionary Spending. The average rent in Texas as of 2024 is ~$1200, which means you'd need to make $3000/month for this to account for 40% of your income. Assuming a 40-hour work week, this comes out to $18.75/hr in order to have a living wage in Texas.

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Unfortunately the minimum wage right now is far below that number and maybe that's why I m seeing more and more people rent out rooms in their house to afford the mortgage.

Minimum wage was never intended to be a living wage. Look at it this way...if poor people become richer, then the middle class becomes poorer.

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