How (Not) To Live On The Minimum Wage

by Stuart Shapiro

McDonald’s put the above budget together for its minimum wage workers (h/t Robyn Pennacchia).  A few observations:

— Where are you going to get health insurnce for $20 a month?

— No heat for you!

— $27 a day to spend on food, gas, medicine, and any other necessities of daily life.

— And best of all they assume you will take another job for 25-30 hours per week to live at this intolerable level!

Thanks to McDonald’s for making the case for a higher minimum wage better than any of us crazy liberals could.

By: Stuart Shapiro

Stuart is a professor and the Director of the Public Policy
program at the Bloustein School of Planning and Public Policy at Rutgers
University. He teaches economics and cost-benefit analysis and studies
regulation in the United States at both the federal and state levels.
Prior to coming to Rutgers, Stuart worked for five years at the Office
of Management and Budget in Washington under Presidents Clinton and
George W. Bush.