this post was submitted on 29 Aug 2023
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Work Reform

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[–] Showroom7561@lemmy.ca 12 points 1 year ago (1 children)

I think the article suggests living wages to live like a king.

The criteria they used is that "50% of income is used to cover necessities, such as housing and utility costs, 30% goes toward discretionary spending, and 20% is left for savings or investments.".

I don't know anybody who makes under six figures and saves or invests 20% of their income, and 30% discretionary spending seems like a LOT.

If the article were more realistic, the living wage amounts would be significantly lower than reported. As stated, it would leave people very comfortable.