If you've ever been so excited to get your paycheck, just to watch it go all away within minutes to all your bills, then you know exactly how I feel. Each and every week, I work forty hours to waste my days. Then, every other week, I get a paycheck that within a couple days is completely gone and I feel privileged if I got to swing through a drive thru for some dinner.
|image from royalty free www.123rf.com|
Rent, groceries, power, water, sewage, trash, kids and the list goes on and on. It seems like every week I'm falling further and further behind.
Rent in any specific area is defined as cost of living. Basically, New York , NY is going to be more expensive than Boise , ID. When cost of living is higher, that means minimum wage has to go up to match. This is good and bad news. First, you make more money. But in the end, that goes directly to rent. Now the con side is when the cost of living is higher, stores raise the prices of goods and services we want.
What this does is creates a void. Basically, you get $10.00 an hour and due to the cost of all your bills, it makes it to where there is no surplus of your paycheck. This creates a problem where just to survive you have to roommates or if you're married, you have to have both people working to be able to afford to not live with your parents.
Just thirty to forty years ago, a family of five could survive on the income of only one parent. For added savings the other parent would get a job. Once the community realized that two parents were working, it all went to hell. All of the sudden, everyone knew that a family had more money and they decided they wanted it. So the prices went up. Gas for the car went up because now that you have two people driving possibly two cars, they realized you don't have a choice but use gas more.
This greed has corrupted our entire economy. Think back to when you were a kid. In most cases, we had two parents working and even with that, our homes probably only cost around $30,000. Now look at that same home and its a quarter million if not more. What is going on with this system? When did everyone decide to bleed eachother? And unfortunately its a never ending cycle. The owner of a specific company has to pay the employees more and now ups the price of their goods or services to maintain their percentage of profit. And on and on without end through all the companies and services. Another thing pushing this problem is the debt the United States has, causing our dollar to become worth less and less so anything we import is more expensive to us.
Unfortunately, there isn't going to be any vast economic change bringing the prices of things down anytime soon. Contractors will still want $100,000 to build the home so the owners will still have to sell it at $250,000 just to make a profit. Same with cars and even cereal. So the next time you wonder if you deserve a raise, the quick answer is to say "yes, you do". But if you get a raise, then the other services in the area will notice and want more of that money, jacking up their prices.