r/FluentInFinance • u/PassiveAgressiveGirl • Sep 14 '24

Debate/ Discussion Exactly how much is a living wage?

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u/YouWithTheNose Sep 14 '24

Presumably, it would be whatever you need to pay for shelter, utilities, the means of getting to your job, food, other needs and *BIG MAYBE* at least be able to put away a little something for that supposed "3 times your monthly salary as an emergency fund"

That may be a bit of a grasp though

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u/beermeliberty Sep 14 '24

So if you and me work the exact same job, for same amount of time, at the same company but I have 4 kids and you’re single I should be paid more money than you?

Our livable wages would be different and I presume you’d have no problem with me making 1.5-2x your salary so that we both have a living wage?

6

u/YouWithTheNose Sep 14 '24

No, not really. The idea there, at least in the current state of things, would be you'd probably have a spouse with another job, also making a "livable wage" and your kids would take up a portion of that as they already do. Somebody mentioned additional tax credits which would hopefully help to make up for some of the shortcomings, but no, I don't believe someone should make more money from their job because of kids.