Quote:
Originally Posted by floridaorange
$20 x 40 hours = $800 x 4 = $3200, how much of that $3200. $38,500 a year minus taxes = $31,966
So even though you’re not meant to “live on min wage” $31,966 is hardly enough to live on in California.
That’s assuming you have no kids.
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Assuming you get a full 40 hour work week with a minimum wage job to begin with (I doubt you will; I
think <30 hours = part time / >30 hours = full time in CA), you'll see $41,600/yr and bring home $35,721 of that between federal and state taxes assuming there are no lower-income tax subsidies.
Part time employees are not obligated to offer benefits such as health insurance under ACA as an example. Overtime (1.5x pay) doesn't kick in until 40+ hours. Etc. Employers would be mad to offer 40 hour work weeks to minimum wage employees at this rate. Imagine paying now $30/hr for an entry level fast food worker in plus hours and covering xx% of a medical plan on top.
My guess is you'll be floating an average of high 20s of hours a week and see closer to mid-to-high $20k take home after a full year of work. Your only option is to have two or three jobs to achieve enough hours to be "full time", but not qualifying for any of the benefits of being full time.
So we're landing at someone, in California (that also has a 7.5% base sales tax), is realistically going to be trying to "live" with $25k in their pocket after a year's work.
What is the benefit in doing this? The only output I see is the cost of "_____" will rise substantially for everyone with no meaningful impact to those on the recipient side of $20/hr.
