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by doing calculations with economic experts they have disvored next prices.

If you live in generally canada you should earn at least 3500 in order to function normally.
Euro zone it's about 3500 EUR
In USA it's varied but If you live in los Angeles or new York it's a 7000$ + for sure
In UK London is more expensive but its about 4000 + for sure.

The goverment should restrict prices of rent for example If you rent out the Property goverment should check what could be the price of rent so to make sure person who rent will not use most of the work salary for rent

If we talking about countries like Norway where food price Are very high then Norway minimum wage should be atleast 100,000 NOK + it's about 10,000$ value.

Business who dont comply with minimum wage rules should get highest penalty and not allowed to operate anymore.

If person have more skills and experinces then salary should go up immediately otherwise penalty for company.

If we do this then instant paradize all around the world

Sounds and do looks like a dream come true or a world would we would be living at peace since everyone do give out that opportunity but it is sad that it cant just be that possible.
Each country does have its economic status which it is really that normal to have those differentiations when it comes to those salary or wages standard for a particular position.
This is why as an individual then you shouldnt really make yourself that too relying into government system or rules or on how they do ran off a country.
Rather it would be worth it if you do find yourself to make more income or getting more revenue on various investment so that you could be able to make yourself withstand
with these economic problems.

At some point of time, I think this has happened in some state in the US. I think it was way back during the pandemic's height but eventually they have to put it back when things have been likely neutral again.

And again, it is unlikely to ever happen again or maybe if some big global crisis ever has come again. Then for sure that rent prices will be badly affected and there will be no more renters due to high prices that they're asking.

Define functioning normally. In finland it's (after rent, power, water and medical bills etc) €532,97 guaranteed minimum, which you get from government if you don't have any income. That's calculated to be enough for single adult. But right now when food costs like 2x much, it's not enough and they are most likely rising the amount.

politicians dont do tours surveying properties. and dont do credit and income check on all potential tenants..
 
they delegate that to real estate agencies. where it should be the real estate agent that should have the responsibility to do property surveys FAIRLY and put limitations on rent per m² based on under 30% of average salary of the region.
where the real estate agents do not put tenants in jeopardy by charging rent more than someone can afford or raise their rents as soon as they move in

the problem is real estate agents have no penalty for getting tenants into debt via bad survey valuations and of overcharging a tenant.

and so real estate agents value property higher than the regions affordability and then pretend that a tenant can afford 50% even though the policy is suppose to be under 30% affordability

governments should create laws that allow for a penalty. where a real estate agent puts a tenant over budget. the tenant then has a law/right they can use to get the real estate agent to pull the rent down to an acceptable level

It's not like that, you have to look at the valuation of the business first, if the minimum wage is still applied to companies or businesses whose income is very small it will actually disrupt the lowest economic turnover and of course businesses will not be able to pay their employees. this is where the government plays an important role in enforcing the standardization of minimum wages by adjusting company income so that the economy continues to grow among small businesses.


This is expected by many people, but in my opinion many companies have done it, every employee who has additional skills and is important for the company, is always treated well by the company. But if the skills of the employees have no influence on the company, what is the reason for the company to increase their salary. This means that things like this must be mutually beneficial between companies and employees.

again its not as simple as presumed

firstly when food prices increase. yes wages should increase where food is like a 6% (https://assets.weforum.org/editor/TrCz9aqRThuI2mxwhO9qhQ_QpsMj_hhnJns1kZm9TeM.png)-60% (https://assets.weforum.org/editor/CcyLXmhB0qrPv0_7cvc4m3hPzvXkUb2LeBH3vs4n-yI.png) of income. then it feels like people are getting paid fairly if the wage increases go up inline with their regions normal % rise in food price.

however. by increasing the wage, your then increasing the cost of the food at the farm, at the distribution centre and then at the retailer to pay the increased wages. which then snowballs into ever increasing food prices

some retailers try to control this by saying to farmers unless you can make me milk for just £$0.35 a litre we will not use you as a supplier. which has ended up killing off the independant farmers and left things to the 'big-agri' industry to economise by efficiency and many methods of get the prices of produce down, which they then cant repeat the following year when wages increase because there are no more ways to efficiency gain to drop the produce cost. and so the retail price ends up going up.. which as said snowballs into more wages needed in year 3, and so on

Although not a paradise, this is indeed the kind of world that everybody wishes to have. Not gonna happen, though. It probably could in a few countries, but never in the global level.

We cannot discount the fact that the well-being of any country and her people does not just lie in the hands of the government. You cannot take out of the picture human idiosyncrasies. Even in the countries with the highest per capita income like Luxembourg or Singapore, there are still individuals with no jobs and no homes.

Workers in developing nations are mainly exploited by employers of labor. In most of these nations, there are minimum policies but they are hardly implemented or obeyed. This is because the government officials that are assigned to enforce these policies are corrupt. These erring firms would normally give these officials bribes and they would fail to carry out their tasks effectively. This has made workers to be paid far below the minimum wage because employees determine the pay and not the government.

This exploitation is the main reason why the goal of almost all professionals in these developing nations is to immigrate to developed nations where their rights as workers would be upheld to a large extent.

This is true. Rent is one thing that causes high cost of living in different countries. Those countries that have high and expensive cost of living, check their rent system for houses then you will see it is high. The government should help to reduce cost of building materials and to also have a proper regulations to renting of houses but it starts from cost of buying materials. Also by regulating the age of some houses to how much rent they can attract because old houses are probably built when cost of building was cheaper and they also have less modern facilities in them.


This is important also. Business owners should be made to follow the standard of payment regulation from the government and pay wages to workers according and not to pay meagre amount that will barely take care of workers basic need. The government has to review this standard of payment.

If so, these are the estimates of a person's salary according to the countries you mentioned. That's why my cousin in Canada mentioned to me that his salary of 1000$ Canadian salary is not enough so he looked for another part time job in Canada and every day off he does an extra part time job.

Then I was also surprised that it is also difficult to find a job in Norway, Los Angeles, and New York, but if you find a job in these countries, you are sure to get a high salary. Life is also good when the wages are like this, here in our country 3500$ in Canadian currency is too much, it is equivalent to buying a lot or a house here.

Instant paradise all around the world!  ;D

It does sound good actually if it's that easy to do. A business wouldn't hire someone if they are forced to pay a high rate just because he has the experience, it does have something to do with how much the business earns.

Wages vary in every country since we do have purchasing power parity differences. $3500 can be enough to live a decent life in Canada since your needs and commodities you buy don't travel from or somewhere else while in NY, you need $7000+ to survive because all things you need to live there have to travel far to reach NY.

It is certainly important for governments to ensure that people are able to earn a living wage and that businesses are paying their employees fairly. one way that governments can address this issue is by setting a minimum wage that is sufficient for people to meet their basic needs. however, there are also other factors to consider when setting a minimum wage, such as the cost of living in a particular area and the ability of businesses to afford higher wages.
As you mentioned, rent prices can also be a significant expense for many people, and governments can implement policies to regulate the price of rent. However, it is also important to consider the potential consequences of such policies, such as a potential decrease in the supply of rental properties or an increase in the cost of housing for property owners!!

what you are talking about is true. Equality of welfare will still be difficult to achieve. because that's the cycle and facts in life that we encounter. in developed countries there will still be people who are in poverty. and vice versa. but at least in developed countries the majority of the population has progressed and experienced prosperity. and the unemployment rate is not too much. different from developing countries where between working and not working is almost equal. and it's even worse when talking about poor countries that are experiencing hyper-inflation where social inequality is really obvious because sometimes the level of poverty still dominates in that country. and so does the unemployment rate which also dominates. the low wages do not match the high price of daily needs.

The role of government is clearly visible in this regard. and the answer to improving the state of a country is the level of morals and honesty of the government itself.

Wake up from your slumber mate, there's no way this dream is going to come through in a world as self seeking as this. Another thing to note from your idea is in believe that raising minimum wages of workers with fair pays could make people start living comfortable, I don't see that to be realistic in terms of solving the global hardship crisis as it would only lead to more increment in prices of goods and services when wages are raised for workers and this increase in prices of goods and services  only defeat the the reason for the increase in the wages.

What is best to do, is for the government to key in their best to help stabilize the cost of goods and services , look into the reasons for these hikes and ameliorate it , only then can any increase in wages or salary can be positively felt by any worker any where in the world.

That should always be the thing because the government should always be in considerate with what his people need, and should always be in convenient with how much the renter can afford to rent. However, way back when pandemic hits our country, some residents who have been suffering from losing their jobs are already excuse  from their rent obligations, as owners are also showing their support to the renters since they have no extra money too to pay their rent.

Yes, the best advantage is always given on the workers or employees so if this will be the norm, then we can always lessen poverty all over the world since every worker is well compensated based on his experience and skills. But in my country, it’s hard to expect something like this because the government will never push the companies to give constant salary increase, as long as they are following the minimum wage policy, that would be fine. And so the people will always struggle in finances especially with the inflation that took all the goods prices to increase.

With or without tax? You're lucky if you get 1k EUR net wage in some EUR countries. I've been working in Germany for a long time and if you're doing a government job like if you're an office clerk you're going to get 2k EUR, that's it. The minimum is 1600 and almost half of people in every country gets the minimum.


That's a socialist idea. On a free market you can ask whatever price you want. It's not up to the government to tell me how much I can charge for rent.

No, you do not need 3500 per month I assume to live in the Eurozone. There is in fact nothing like the wage of the Eurozone, as the regions vary greatly in prices and income. Southern Italy, Greece, regions of Spain and even in France allow people to live even with 1200 Euros a month (no luxuries). Some people manage to do so with 900 a month. So those numbers do not make sense as they are.

There are thousands of people (I dare to say millions) living in London on less than 2000.

Regarding rent prices, restricting is not the solution, but rather building more houses and having social housing.

And you think governments have not tried this before? Price controls create distortions on the markets and the same is true when it comes to housing.

If real estate owners cannot charge the market rate for the rent of their properties and tenants are giving too much power over the real estate they are renting do you know what happens next? They simply stop offering their real estate for rent, this creates a shortage of housing for rent and now all of those people which cannot afford a house cannot find a place to rent at any price.

Many scenarios could follow depending on what the governments do to face this problem, if they try to combat this by increasing the number of house owners then this leads to a credit bubble, if governments try to force real estate owners to rent their properties this leads to a crash on the real estate market, if they maintain their posture then a black market will be created in which tenants are wiling to pay more than what the law allows to the landlords in order to get a place to live, and finally they could always revoke those regulations and let the free market sort this out.

That is if you are a government worker because the governments are responsible for your salary but if you are only working on some random company then the government has nothing to do with them but only the business owner are the ones that can decide if how much is the amount they are going to pay to you.

It's only sad that most of us are underpaid but we can't do much anything about it because we also need a job to survive and being choosy for a job is hard to do, knowing that jobs are very limited. A minimum wage is better than being underpaid but let's admit it. This was still not enough even if you are only living a minimalist life but we can always do a side hustle to increase our income.

This is the role of the government to monitor every company and make sure that they are paying their workers right, unfortunately that’s not the situation in my country and there’s a lot of underpaid job which force people to become more slave for money. I support on giving the highest penalty to those companies who are abusing their work force without even giving the fair benefits, I guess this is also connected with corruption in the government as many companies have their connection to the government and this bad cycle continues to happen.

It depends if you're living alone or with a roommate or significant other. When I was renting with my girlfriend, we were making approximately 750–800 euros each, which enabled us to live relatively comfortably. If you're living alone, however, it's almost impossible to survive with the average salary of Greece, since a small apartment may cost up to 300–400 euros per month. Thus, if you're planning to rent alone, you'll need at least 1,000 euros per month to be relatively comfortable with your finances. In both cases, you'll be able to save a percentage of your salary each month, but don't expect any huge savings. When we were together, we'd both manage to save a relatively decent amount of money, which enabled us to go on vacations once or twice a year if we had the opportunity.

This is not automatic because many companies have shown that and they don't appreciate unskilled labour. Most of the people suffering from this companies under payment have skills but not acknowledged because the company like to use them in their value but they don't want to pay appropriately. If in government, they like to contract workers and paying them lesser while they are used to execute the jobs of skilled personnel. The government should review it  If you are contracting a worker and you are underpaying him that is modern day slavery, a worker deserve to be paid the worth of his labour.

my way of living has been degraded a lot - I haven't spent money on my clothing and other stuff and I am saving for last 2 years but yet there is so much problem I am going through.
Due to inflation prices of everything has increased and that is not letting us live a normal life.

I work in a government where you won't be promoted if you don't know someone who is in a higher position (like a friend or relative), and a lot of regular employees (or permanent employees) are not skilled (sorry, but it is true for me) since they are only relying on those not permanent employees to do their work (sad but true). I am now currently employed by a private company and have been there for almost two years with no salary increase. So I would say that the owners are not taking care of their employees; they are only focusing on their business.

I doubt that the government can restrict prices of rents given that it is primarily a private venture made by businessmen. I guess the only solution here is for the government to provide their own housing methods and alternatives if they want to control such prices. Like what you have mentioned, I guess the exception happened due to the pandemic where a global crisis affected the economy globally.

At the end of the day, the wage of a person determines his/her standard of living. In the Philippines, the minimum wage of a person is at least $12-15/day and it is definitely not enough to cover all the expenses especially if you consider your obligations in the family.

The cost of living estimates and how much a person needs for life are, in my experience, vastly overestimated. I guess it depends on the spending behaviour and perhaps whether a person is used to spending a lot or comes from a poorer background and/or an economically weak country. My spouse and I have lived in the EU (renting a flat), spending around 1000-1200 EUR per month for both of us (so, 500-600 EUR per person), and it wasn't like we were restricting ourselves a lot. I've lived in the UK, and we spent around 1800 pounds per month for the two of us (including the rent). So if the calculation is 4000 per household (two adults plus a child or two), that might be right. If it's per person, that's overrated.
As for setting a floor to rental prices, I don't think such drastic measures will be introduced.

State control of the economy is known as a planned economy.


An example of a successful planned economy could be israel. While an example of an unsuccessful implementation might be the USSR. Results can vary depending on culture and a variety of factors.

At some point, I hope people develop the curiosity to wonder why prices rise and fall. Which factors and conditions drive them. Most attempts I have seen to explain market trends more closely resemble superstition than an exact science. Although I think the distribution is improving over time as people wake up to the fact that these topics can have a powerful affect on their lives and standard of living.

Price controls are another popular theme with state regulation and control over free markets. I guess COVID and the ensuing fallout are giving many of us a crash course in economics?

Sometimes I think a measure like prices control would be efficient to fight private initiative cartels, but at same time I fear a centralization of more power in the government's hands could lead the country to more misery yet, as businessmen and entrepreneurs wouldn't feel confortable to invest and work in the country anymore.

After all, I think it's more about the nature and character of the people of a country than the political and administrative measures adopted. An honest, transparent, friendly and supportive society will work with or without prices control. While a problematic society won't work with or without the same measures.

Should anyone depend on the earnings realized from the wages he got paid for, this couldn't help on a long run in achieving many targets in live because there's full dependency on the wages without having other means that can independently sustain a living expenses as required, we also have to consider the future and old age whereby there may not be enough strength to engage doing those things we were used to doing while young, wages does not accurately estimate the the pay to your efforts contributed as long as you're not the one that charged for it.

This will be very welcoming if the government can see to this taking full effect because employees are been used like trash in the modern day world yet easily underpaid. I see some jobs and see the salary attached to it then I get immediately discourage. The government have to regulate this sector properly to prevent only the business owners befitting. The system only favors a selected few and the rest die in poverty.

Having skills better than your coworker should definitely come with a rise and I think this is been fully practice around the world. For you to have a higher chance of getting employed you now have to have some basic skills that your job demands you to have and not just degree.

I want to know if three thousand five hundred dollars (3500 Euro) you mentioned with the seven thousand dollars ($700) or four hundred thousand dollars ($4000) is for the month or weekly usage, because i know that in some countries with such value of money, you can establish a mega business, so living an average life with money depends on the user needs or want.

They key on here is on where you do live, 3500,7000 whether euro or dollars might really be sound that not enough or ample on making a living but these amounts are indeed high if we do speak about on getting these

on 3rd world or developing countries which is something understandable or very basic.It does really shows the economic state of a certain country or place.You cant be able to earn on what you do have in mind.
There's always that standard or limit on each place which it would really be determining on your local fiat value and not on other places.

Living your life would be entirely be depending on how you would be finding for other sources.If you do find out that your current job doesnt get that much for you to be able to
reach up that goal then finding another source would be sensible.

In some countries this particular amount is not high to earn for a living, so therefore i believe that some people higher than that, but the problem is that the inflation of a particular country will determine if such amount of money will serve for a living and depending the gravity someone spend it's money, in some countries you can as well use such about of euro to establish business as i portray before.

Inflation is something a problem that cant really be avoided on which it is really affecting us worldwide, there might be differences in percentage on each country but it would really be just on the same system
where us consumers are really that affected and also affected the way we do live.Its true that it is also depending on someones spending because if you do know that you are just earning sufficient enough
but you do spend up more than on what you do earn then you would really be having that huge problem when it comes to finances.As stomachgrowls said above that it would
really be just that right for you to find up other means of income.

The irony is that the government is already doing it, and they have a branch of government that is implementing it, but the question is, is that problem solved? I mean, yes, they checked those rent prices and monitored other item prices, but still they don't take action, and mostly they will say we will increase the suggested retail price as the supplier also increased the price or because of the current economic crisis, all of the repairs in the house also increased, which is why the rent was also increased. Well, they can't really control the price, like lowering it; they can only check if it is overpriced or not, but again, there are only a few that got sanctioned or went to jail for doing this.

Sounds like a dream life, but it won't happen. The biggest thing stopping this government from putting good plans for the people into action is greed and money.

Although it's one of government's duty in order to make a stabilize economy, so a poor and low middle people can live normal like middle to upper people. But government don't want to work in that sector since there's no money involved, they might work over it after there's demonstrators and the news is really hype.

Actually it's better if you're the one who work in this sector, you can build non profit organization with a team, do you want?

We either have free markets or we do not, many governments are afraid of taking very abrupt decisions like interfering directly on a single market as they know they will get a very negative reaction if they do it.

So it is up to the people to realize when a product or service is overpriced and acquire the one which is fairly priced, after all who has not faced a situation in which an item has a certain price with a vendor and then you find the same item being sold for double or even the triple amount with another vendor? Your responsibility as a consumer is to avoid the latter vendor which is trying to cheat their customers and buy from the former one that is offering you a fair price.

Well, that's why paradise don't exist in this world, or shall I say paradise only exist in the crazy rich people's world.
But, for us who struggles everyday for living? Nah. I also feel like that's the government's responsibility to control every prices in the market, not only the rent of space and foods, but literally everything. Business owners can always find a way to get the price they want for their product and that will most likely going to involve government approval. From there, we could always tell that everything is movable by money.

from here we can see that money is in power and even the government cannot move when money has spoken. so you work hard so that you have a lot of money plus join the people who are rich but not with their lifestyle.

However, some vendors are sabotaging the price, saying that they will all increase and make sure they all have the same price, so consumers are forced to buy it. We should be practical as consumers, like trying to find the cheapest deals or buying where you can have less or save. I also noticed this mostly in those big stores; they usually have a higher price than those at the bottom, like small vendors. That is why, mostly, when I purchase items or foods, I go to small vendors, as I am sure it can help them and I can also get it at a low price.

Although my salary is gradually increasing every year, the prices of commodities are also increasing. My current salary is enough for my daily life, and I can still invest 10% of it. I found out through chatting with my friends that many people's wages are just enough to support their families. If you want to be rich, you need to do another job. Everyone has their own way of life. I choose to invest my money, and my friends choose to travel with their own money. This is a good way of life.

Hard work is still possible and can be done by everyone who wants to be rich, but the problem is that not everyone is willing to accept new followers in their life. Because every rich person definitely has their own work relationship and their own business network so they will not immediately accept new people as their followers, except for poor people who only imitate the rich people's way of doing business so they can get the success that the rich get.

Heaven on earth is impossible. You can't just take and issue a law that will regulate all market relations and all people will begin to live in abundance. There will always be poor and rich, some will live worse, others better. Demand, and, accordingly, wages for different specialties will always vary. Some types of work are highly valued, while others are not. The same will happen with real estate. In areas of the world where demand is high, thanks to high wages and the opportunity to improve your standard of living, the price of real estate will be high. In large cities it will always be expensive, but not in the outback. Everything is regulated by the law of supply and demand, and intervening in these processes will only make matters worse.

Rent also works on the basis of demand and supply so as long as someone is willing to pay the rent the owner is asking for there is nothing wrong with it. Generally the rents of a place depends on where it is located and what are the amenities it has, etc so I don't think government can't interfere with private properties but if they really care then they should increase the wage according to the inflation rate and pass order to every employer that worker should be paid this minimum wage.

When viewed from the experience of people who are already rich, it is very clear that they always work harder and do not depend on the salary given by their boss or boss only when they are still working for someone else. Because just working in a place will obviously not make someone rich right away because he needs to manage finances for himself in terms of eating and drinking as a necessity for life.

So another job is something that will support him to get rich faster by continuing to work for other people and one must also be able to distribute his time every day so that he can be very comfortable when working two different jobs in this world. Because he can fit every inflow of money he receives into the two most important parts of his life. The first is for everyday life and the second is for his savings or investment for his future.

By imposing restrictions on business, governments intervene in market relations. 

Any intervention in the process of relations between various economic entities leads to the fact that market relations are replaced by elements of a directive economy.  In a recession, the main costs of the problems of the world economy fall on business.  State regulation of prices in such a situation will lead enterprises to bankruptcy.  In my opinion, in such a situation, the government needs to go a different way. 

It is necessary to stimulate the creation of new areas of economic activity in which businessmen and entrepreneurs can prove themselves. 

It is also necessary to eliminate as much as possible all barriers for successful entrepreneurial activity.

If the government wants to get involved then they have to increase the wages and the needs of the workers for a decent standard of living, but each job has a different salary and they have a life according to their income, even though there are regulations determining the minimum wage but it will not be enough to rent a place because their salary is not enough for that and does not include other main needs that must be prioritized. But some countries for a minimum wage of $250 per month is enough for a year's rent, decent housing and not far from urban areas.

If government wants to work and also wants to be sincere, they can regulate housing and mortgages. Irrespective that they are private properties. The government controls the economy and they know the inflation index and they know the salary scale.
Some properties are over priced and if nothing is done to it, it will lead to melt down of the economy.
What OP proposed is achievable but the government is lazy to do it. Who knows it could affect their undue taxing

And if you have the money, there’s a tendency that you can control everything around. Like for those who are rich businessmen, they can always hire workers if they want but when ask if those were properly compensated, definitely not no matter how skilled those workers are. The government should also watch over this as workers have been completely used but not getting their proper compensation. If only everything is based on skills and expertise, there will be a lot of poor and hardworking workers who are not struggling at the moment.

Even if the government pushes for higher salaries for everybody, there are companies that can't follow it because they've got a standard profit and they're not as big as the corporations. So, the ones that will be hurt by this law are those small enterprises. It's either they'll remove their staff and work their assess there as the owners or the employee will just have to accept that no increase will happen upon explanation by the owner. But I know that despite that, there are too many small scale business owners that are also generous.

For sure there are sectors which do really monitors out when it comes to salary or wage standard but only applicable into those government type of institutions and services where workers do really work under

but since we do speak about private sector then it wouldnt really be that something that they could handle out or would be imposing such rule.If ever they would make out such recommendation
then it wont really be followed by most employers or private company owners.

They would be trying out to lessen it as much as they could and wouldn't be giving out that full benefit for a worker to have which is really that sad.

I can say that people should learn the habit of saving because even though the government decide to increase wages today what about smaller companies can the do the same, so in some cases when the know that Government setup committee to monitor them the will be left without any option than to reduce their workforce in other to Meetup or the will totally shut down, that's why if you are employed by a company or Government from the first month of your employment you have to start saving for the future no matter how small, the Government plays a major role in the well being of it citizens and their wages review, for you not to depend on wages you have to create a means for extra income.

Salary increases have been quite a controversial subject since inflation skyrocketed. Some economists claim that an increase in wages, at least during a period of high inflation, is a vicious cycle. The increase in wages causes companies to have higher costs; thus, they have to increase their prices, which results in a surge in inflation. Hence, we've only managed to intensify the issue. I'm not sure if that hypothetical scenario is true in practice or a claim made by capitalists in order to justify lower wages. Even if the starting statement is true, I'm more concerned about employers and companies who have found loopholes to avoid increasing their staff's salaries.

It seems too cheap to be able to rent decent housing for a year close to the city with an income of $250 per month. I haven't even imagined that such a large amount of income can be used to rent housing or a place to live close to urban areas. Because when someone is in their new home, all the expenses for their living needs will be very large and they even need to find additional income so that they can be very comfortable to continue renting and also save to buy a complete house.

That amount of salary is just enough for a family to survive but they will surely have a hard time living a comfortable life or even saving enough for their future because $250 isn't even enough to buy all the daily necessities. Maybe in some countries, that amount is already big enough but since we're in the recession period it is important to aim for the better. Some companies are taking advantage of their employees and can't pay enough salary based on their skills. I think it's something that the government should focus on.

$250 per month is already huge in a third world country, whereas here in our place it is only $200, but still they can afford to rent a house or an apartment, but again, it is not enough. They need to spend their expenses only on those needs, and they need to do side jobs as a form of another source of income since it is not enough. Also, it is difficult to save money in this kind of situation to buy a house; you really need to take a loan, but again, you'll be struggling to pay it back. The solution is really having another source of income.

look for more options of earning some money thru side jobs. don't be picky, as long as you're earning and adding to your monthly income, why not? we have different cost of living as we live in different parts of the world. some countries are expensive and yet some are cheap. if you happen to live in a country where everything is cheap, why not save some of your extra and invest it, right?  it all depends on our disposition in life how we can improve our way of living, no matter where you are on this planet.

I know that in some places here in the United States, there are certain rules about how much and how often landlords can raise the price of rent.. but I'm not sure this is something that is very wide spread throughout the United States.  You mention Los Angeles and New York, but keep in mind those are pretty much the two most expensive cities in the United States.  Not to mention is one's choice if they want to live in these insanely overpriced areas. 

I think some of these proposal are good ideas, but at the end of the day you don't want to get too close too a communistic type state.

the main point is the min income. is it enough to get decent house for rent or not.

If you live in a country where food prices are low, your salary is likely to be low as well, so it is still expensive. Also, before the pandemic, I've noticed that when people are looking for a job or side job, they are extremely picky, primarily because of the salary they receive; however, after the pandemic, they are now getting all the side jobs simply to add their source of income because everything is so expensive. Saving money becomes increasingly difficult as prices rise while wages remain stagnant.

Conditions like that are definitely not easy because the demands or necessities of life can be said to be high but wages don't go up,
that is why it is important to have other sources of income and not just depend on one source,
In addition, global economic conditions also make the price of basic commodities rise.

In addition to the reasons you give, the simultaneous increase of wages for workers during inflation will not completely solve the inflation problem. The cause of inflation is that the government has pumped too much money to save us during the pandemic, so the thing to do now is to control the currency and revoke them in many ways, not increase wages according to inflation. If they do, the national currency will depreciate more, and inflation will be harder to control.

If for daily meals in a family I think $ 250 is already at a sufficient level although it cannot be set aside for saving or for investment. Because that kind of money can only be used for small families and will not be enough for large families. That's what I see here where I live now, where everyone whose income is above $ 300 a month can already feel a little comfortable for their life in supporting their small family.

That kind of money is starting to look small now because everyone also knows that every food and shelter is already at a higher price level so it is clear that it is necessary to have another source of income to cover everything in life and also in supporting their respective families. I feel myself where I still have to work to earn extra income even though at this point I have started to live a frugal life.

Commenting on and proposing solutions to current problems is always simple. However, in fact, it is extremely difficult. I concur that apartment prices are frequently excessive in big cities. Aside from that, renting a condo or apartment is expensive due to the limited years of use of the building. Rents are also expensive because it costs a lot to buy land in a big city.

I do not have many ideas for the UK and Europe, but people in Canada and the United States can look for work and it is not hard unless someone is selective. In addition, there is always the option to relocate to other states in order to obtain a wage that is sufficient for the standard of living.

Relocating might really sound that simple but it isnt something that you could really be done easily considering about the expenses and all other things in consideration, then it wont really be that simple.
It cant be that surprising about being that selective considering that we do much prefer on having that higher salary and of course it should really be in line with our skills and experience.
For most of the time on which people do end up on having no choice considering that not all countries does have ample amount of jobs to be offered and most of the time
its not that easy to find one since competition is high.

Nobody is owed a "minimum wage." Every single time a minimum wage has been implemented it's caused higher unemployment because businesses are unable to keep up with an artificial minimum wage that is contrary to what the market would allow.

The easiest way to increase your wage is diversify your skillset and go in the open market for a job that pays you for what you're worth. Government isn't there to guarantee what a private business should pay its employees.

I assume that you are using a take home monthly number.
For my wife and I taking home anything over 6k means we do not have to touch savings.

My wage here on my country is playing around $300-400 depending on overtime which i could say that it is really hard to live and survive if you arent that wise on your spendings
specially if you do have some mouth to feed or simply being a family guy.
Just like the rest where saving up money is something that you would fail to do so because it cant really be that sufficient enough for you to do so,considering
that there are lots of expenses that you should need to prioritize in order to live.
This is why it would really be that sensible that you would be need to finding another source of income no matter on where it would be as long you
could really make out that add up.

Primary needs may not be that much of a problem, but right now there are a lot of things to be done to make more money because of some important and decisive needs in the future. Basic needs such as food, clothing, and also shelter might not be too difficult with a standard salary in my area every month. But because there are many other things that are needed for other needs. However, the cost of education is so that we are able to ensure that our children get a proper education and prepare themselves for a better and ready future, which currently requires quite a lot of money. Maybe in some countries, education is not an expensive thing.

But here, if we want good quality not only academically but mentally, non-academic, and spiritually prepared, then we need a lot of money to go to the school we want. Not to mention the other needs which are also increasingly increasing. Unfortunately, day by day, prices and financing are increasing while the minimum wage is very difficult to increase. This is what makes us weak and want to get more money from other places of work. Because of that, it's true that we have to maximize our skills and abilities in any case in order to get more income for ourselves and also for our families and various things that always need money. We cannot deny that money is one of the keys to life.

I believe everything these days have become costly and not affordable at all even from the rent up to the items sold in the market. So expect that companies would hardly consider increasing the wages of the workers as not the workers alone are affected but even big companies too are struggling for profits. However, it’s still a great feeling and satisfying for workers if we can be paid according to our efforts and skills, so we can be more engaged and develop more passion to our individual jobs.

Wages based on the efforts and skills won't work all the time. Maybe you have worked well for a month and the consecutive month didn't bring good revenue to the company though you've put your hard efforts and used your skills. To avoid such occasions it is good to have your wage fixed according to the position.

We really need to adapt because relying on the government to raise our salaries will take a long time and we will be very stressed about it. That is why others will do any side hustles even if they are only earning low because it is another source of income and without it, your life will be more difficult. Also, prices continue to rise every month or year, which is a clear indication that we need to find another source of income to catch up and able to buy our needs and wants.

Indeed, waiting for companies and governments to make the adjustments would be a waste of time; you don't need to wait in the first place if they have the initiative to do so. There are many ways to earn money not just by being an employee; you may buy and sell things both online and personal but only a few has the courage and determination to do so. Sometimes, it is ourselves which is our biggest enemy to aid things and be better. Wanting or desiring to earn more won't be enough, you have to make your own actions. You may also accept services you can offer to ither people and charge them for the service. What if you din't have such skill? Then you have to learn something which would make them pay you.

It is important to ensure that workers are paid a fair wage that allows them to meet their basic needs and maintain a decent standard of living. Measures such as rent control can help to make housing more affordable for people, and in countries where the cost of living is high, minimum wage should be adjusted accordingly. However, it is important to note that implementing these measures can have a complex impact on the economy, and there are different opinions on how best to approach these issues. You may be right about something, but there will always be those people who will complain about it. Overpopulation could be the main reason and corruption. Skilled people are living without getting a decent job because of the lack of opportunity. And in the situation we are in right now, it's hard to tell whether this will change or not.

i would live a good life if my wage is $ 3000 K - I will more than happy and would not ask for anything
But my salary comes weekly and I keep spending them that is one of the reasons I am unable to save but I would wish if I get $ 3000 every month. One day hopefully

In our country - the wages are not enough to meet the requirement of the people - the poverty rate is higher and the basic needfuls are very expensive hence there are street crime and theft and robbery is at the rise. I believe with the rise of salary the standard of living also increases.

Meanwhile in Philippines, the minimum wage runs around almost $10 or maybe less and those who sit in the government think this is enough considering the price inflation. Not to mention there are still people who get paid lower than the minimum wage. Imagine how these people find ways to earn money just to serve food at their family's table. The government is mostly in favor of companies and investors since they are scared that this might cause them to back out and will leave lesser job opportunities.

Until now I have never dreamed of getting that much salary every month, because I myself am aware of my abilities which are still very lacking so that it is still difficult to achieve that big salary every month. But I also never underestimate the ability of other people to achieve their goals and targets for a bigger salary, although sometimes I don't believe what other people say. Because that's a huge number for an average person and even a person would have to be able to earn close to a thousand dollars in a week if one wanted that kind of salary.

Easy credit is one of the factors that contributes to high rents. When credit is too simple to obtain, that asset is effectively given a subsidy. housing in this instance. Instead, than attempting to pass rent control,
people should pass laws making it difficult to obtain mortgage financing. increasing mortgage rates and mandating a 20% down payment for all borrowers. The cost of housing would drop sharply and resume being within reach.

You could really be able to tell into yourself on what would be your worth which same as you said that you cant really demand high salary specially if you do lack of that ability and skills which means that you would

really be sticking out on where you are currently being placed with on which you dont have any choice but to deal with it.If you do have plans on having some side hustles then it would really be depending on someones choice because not all does have that kind of mindset on making themselves do upgrade somehow when it comes to their earnings.

We are all striving to have a better life and its up to someone on what ways you would be making yourself to survive.

Monthly income of $3k every month must be recognized the high income that can be achieved for every month, some people can collect that kind of salary according to their work and skills, I can say that freelancer income for content publishers can reach that high income every month, so we must change mindsets and develop new strategies for freelancers or side jobs to improve the economy, advantages for publisher jobs do not interfere with the activities of the main job.

And where is the rest of the world? :)

I guess we need to find a definition of "normal life" first, after that, we can discuss how much money a person needs every month to maintain that "normal life".

I work in a state sector where wages are 500 euros more or less... compared with the ones from the Eurozone it's a lot lower, but the prices in the Lidle markets are the same in all countries.

That happens because the government alone have less sympathy on the minimum wage earners and so there is always low increase for minimum wage earners not considering that they have heavier load of works compared to the ones sitting in the government. That is why it’s hard to eradicate poverty in the Philippines because even the government alone cannot compensate well their workers especially in private establishments as they favor more on the owners than on the workers.

Such government conditions will certainly make the people there more difficult. But actually in my country there are still many large factories operating and employing hundreds of employees to thousands of employees. However, these factories do not comply with government regulations regarding minimum wages for employees. so many employees there are paid with a salary below the minimum wage. Many employees there really complain about it. Even demonstrations and protests are often carried out. reporting to the government has also been carried out. But it seems the government prefers to turn a blind eye. and does not help fight for the rights of workers to be able to get paid a decent salary. What's even worse is when there are workers who protest about the salary. then in the future he was removed from the factory. things like this make the people's economy closer to poverty. because their salary is not in accordance with the minimum wage that should be.

Right now 100$ per week is enough for me and my family, I know that people living in the U.S will need more than this to survive but dollar value to my local currency in my country is satisfying, I am still able to save some money and run my business, so as you can see I don't need a lot live a normal life.

It is clear that we cannot equalize salaries in every country because the needs of life are different,
for me $100 per week is more than enough and if I lived in the US it would definitely be less,
but back again if we are not smart in managing finances then no matter how much we will be lacking.

I don't know if that is a huge salary in developed countries, but in my 3rd world country, I would say that 3k dollars are a huge amount of income for us. Even half that income is already a dream because the average income of workers in my country is still only 300$/month. If it comes to dreams, it is the dream of most people in third countries, where life is still extremely difficult. With that income, I can save 2k dollars per month, and I will have no difficulty saving money to invest in bitcoin ;D ;D.

It is very logical and makes sense because everyone is fighting for a better life according to their respective abilities. Likewise with me who is trying to have a side hustle so I can increase my income which is much better for me. So I think it only depends on each other's ability to find and do it optimally.

Now, indeed, many people have jumped into side jobs and become content publishers on certain platforms by trying to focus better because they have seen the income of other freelancers who look very good and can even exceed $ 3k every month. But it also really depends on one's expertise in achieving it because not everyone has the same skills even though their mindset is not different.

and that is too good - people can maintain their living very easy - here in my country the bag of flour is approx 20 dollars which has increase doubled the price in last 6 month.
The inflation has not been in control over here and people are very upset. Over average cost of living is approx 60 $

Actually there is no scale to measure the skills of an individual so mostly their productivity will be taken into consideration and without any doubt when someone is contributing a lot for a company in their revenue making then surely they will be rewarded because no boss will like to let away such a good employee from their company but when someone feel they are not rewarded what they deserved to be then better to look for a better job and government has minimum wage policy which will never cope up with the inflation rate at any situation.

You are trying to achieve the impossible .....

All countries have a minimum wage.... and that is based on the cost of living in that country. Let's take the UK for instance...

The minimum annual salary for working 40 hours per week are £19,760 if you are 23 years and above (roughly £9.50 per hour) and £4.81 per hour or £10,004.80 annually if you are 18 years and younger. (Now if you are living in Londen, that salary will not get you very far, because the property prices are very high.... and the rent is not much cheaper)

Also, more and more people are now working from home ....so you can be situated anywhere and still earn a salary. You even see people working from other countries .....and earning massive salaries, but their rent or property prices are dirt cheap.  ::)

Cost depends on wages in our country which he spends as wages are necessary for living a normal life. We sometimes get frustrated with life short work or overthinking causes panting this weariness and frustration tends to prevent us from making any progress again and again. Sometimes demoralizing but apart from thinking about these things, have we ever thought that if there is any way to reduce these problems and make life easier, we have to look for good jobs to get real wages.

I think this is very beneficial for workers, but if placed in a less developed country, the elimination or banning of businesses will cause many consequences, such as increased unemployment, which has a very bad effect on the economy.  The application of the salary-based formula for labor productivity will be more appropriate.  Each country will pass laws and maintain or grow GDP.  Food increases but wages do not increase is a consequence of inflation.  It is difficult to deal with these situations in the immediate future, which are essentially the self-balancing needs of each person for his or her salary.

Even if it gets annoying, there isn't much that can be done to stem it other than just going with the flow by working more diligently than usual. The increase in the price of all goods is already very felt in everyone's life now so that sometimes resentment doesn't mean anything at all. I also sometimes spend $70 a week on necessities of life, and it can be even more than that because when there are unforeseen needs in life, that's where the spending money becomes inflated

Normal is a relative term. People that post here that 100$ weekly is enough will never understand those who say that they are happy to receive 3000$ monthly. It does not matter how much person earn, because he will always want more. That is how we are built. Our current normal will be below average in few years, and minimum in 10 years. People adopt to things quickly. Get back to this topic in 5 years and the amount you state as enough wont be enough any more. Even if I earn a million per year, that wont be enough for normal life anyway. Even now, I can spend 1k per month it will be ok, but next month 2k will be a minimum for my needs.

That’s how inflation have turned people into wanting any job as long as they can afford to put food on the table. But seems the government has been blinded by it, believing as long as people get job, they can never be fully dependent anymore from the assistance of the government. Well, that may be true, but my only hope is that the government too will show more support to the needs of the workers rather than favoring the side of these businesses owners who are mostly not Filipino citizens, but foreigners.

Can this happen in Nigeria. Alot of private sector here pay below the minimum wage. Government can do anything about this because they themselves have fail to produce enough job for the citizens.


Alot of skills and expertise are out here still seeking for job. It is better one try his/her best to establish on his/her own.

Now I'm 27 years old and I'm planning to get married this year or at most next year, I'm happy because I can work and also pay for 2 people to be a waitress at the fruit shop that I've managed since 3 years, I've prepared a lot of things like saving for receptions and of course preparing funds after marriage, the family of the future wife wants a lively party and of course it takes a lot of money, I hope not to sell assets or go into debt and have a simple party.

I don't really need too much, could even survive with 500 dollars a month, but would live a very good life with 1000 dollars a month. But that's not the point, the difference is that, if I have some sort of guarantee that I will make 500 dollars every month, I could live more comfortable than having a job that pays me 1000 dollars a month that I could be fired from.

Right now, my current job is a great one and unless something changes about the job completely, I am going to keep making this much maybe for another 5-6 years at least, and that's good enough for me, if I quit this and go work in an office, I could maybe make more, maybe not, but I could be fired and that's worse. I rather make 500 for 10 years than make 1000 and get fired.

Be practical which this would be always the key.You dont have to make a luxury preparations when it comes to marriage receptions or whatever as a whole because what matter most here that you both would be get
married legally.Well, if you are really that preparing for a bit then it isnt bad but dont go beyond the lines on where you are spending that much.There would always comes to a point on which we do all get married
on where you do need up some preparations not only for that point but also into the future on which your wife wont really be having a hard life with you. Live by your means and not on your wants
which it would be the key for having a good financial condition.

It seems you are still quite young too huh. But I also don't think that you can already pay the two employees you put in your shop. I think that's really extraordinary because you have become a businessman at a young age by having two employees who you pay yourself and one suggestion from me for you is to keep your business going forever before it gets bigger because if you stop halfway, you will find it difficult to get back up from the beginning. Regarding marriage, I don't want to respond here, even though I personally have been married for a long time.

Your effort and hard work are indeed great at an age that I think is still young, but you can already manage a business of up to 2 employees. I'm here because I'm already married and I really feel how happy it is when I'm getting married, but for me life after marriage is even more important because we face social life and build a real family, and those who understand the economic position are ourselves, so we hope we can calculate it with carefully, because many family problems stem from economic problems

I think our country is a place where it is difficult to live, but from what I have read, it is more difficult to live in the country you mentioned OP.

    What's even more surprising is that most of my compatriots here want to work in other countries so they can send money to the family they will leave here. The exchange rate for sending money is high but the cost is more expensive where they are located than here in my country.

 Also, I was surprised that it's good to get to Norway but it's not good to live or live in Norway just in my opinion, because 10k$ is equivalent to what you should be earning in this country. Although 10k$ is a big amount here in my country. You can invest in a lot and house with that amount and buy a secondhand vehicle.

when you are married, it is possible to get a number of problems and the most common one is economic problems, this is indeed quite difficult to control when the desired way of life is not in accordance with the finances you have.
Effort and hard work are inseparable from what you will get, and at any age I think it must be done consistently.

talking about marriage and also managing finances to live a normal life that I want, I am still very far from what I personally want so that it requires me to work and try even more to achieve what I want to achieve.
In my opinion, marriage is a sacred thing and you have to really prepare for it in various aspects, I'm not ready for that yet.

Of course whatever we do will have an impact on the results we get, many people do everything to make ends meet and hope for a better life, but sometimes life feels very difficult, and to be able to achieve better goals of course we have to work hard and do the best, and another thing is never too easy to get into debt so that it becomes a burden in our lives.

It can be said that life after marriage is much more complex, so it is very important to have a strong mentality,
before marriage it is important to be ready economically,
the most important thing is always try and work hard.

Many things that we did not expect to happen when we get married, and what I feel after marriage is everything easier, for example looking for a job, making business and so on, don't ever think too complicated and afraid to get married, as long as we have a good plan then will be given convenience.

After marriage it becomes a bit more difficult because you have the responsibility of another person when you are spending your money. When you are single it is just you, and if you spend it on something foolish, that's your own problem and nobody else gets hurt about it, however when you are married, if you make a silly purchase then you cause your spouse to have financial issues because of your mistake.

That type of extra responsibility is not easy for anyone, I have seen people who broke engagement just because they couldn't handle the pressure of responsibility of other people. That doesn't mean they should, because if they are not ready, it's better they don't do it.

When we are married, there will be many things that we will rethink, for example buying something usually requires extra consideration, in contrast to when we are not married, we usually never think about spending money. to save money, and when you are married, even though your income is small, you can save money.

I've been married for a year and I can say that the real challenge would start after the marriage. The struggle of marriage preparation and polishing it especially the wedding reception is just the beginning. There are a lot more to face when you both are already living together trying to start a new life. It's a good thing that you already have a good preparation at an early age and since you already know how to manage a business, you should apply it in managing and building your own family in the future. There are still lots of things to decide on after the marriage so you must still be ready to face the challenges.

Marriage is another chapter of your life, so it would be another struggle, but again, both of you will be facing those problems, which will make you both stronger. You will also need financial aspects on it, mostly if you are having a baby and need to take care of it. That is why, before the marriage, you'll need to have savings or money that you can spend. When you are starting a family, the bigger the better, as the future could be secured by it. Also, comparing marriage to business is not that relative, but I would say that if you both endure the pain and also earn success from it, for sure, both of you will be successful. What I only advise is that in every problem you'll get into, both of you should talk about it.

This is true especially if we already have our own kids. We will always pause and think first if this item that we will buy is truly worth it or we will only waste money for this. If so then that money should be spent on something that is more important. We already know some of those things. This is opposed if we are single. That is because we have no responsibility but we are only living the life to its fullest.

I think this is not wrong so that once we leave this phase then we won't have any regrets as I see there are so many married people who are now regretting because they didn't enjoy their lives when they are still young wild and free.

If money wont be a problem then for sure you would be buying for whatever your family or kids would really be wanting but if we are really just just those typical average wage earners then you should really be that

practical for whatever things that you would tend to purchase because it is for the better good so that you wont really be having some financial problems later on since you do really be able to savings
because you are really that keen on spending up on things which they arent really that useful or not really that necessary at all.

You should really do your best on having other various sources because we are all hoping and targeting with the same things in life.

Divorce between husband and wife in a household often occurs because of economic matters, so this economic matter is actually something that really needs to be maintained and addressed properly. That is why it is highly demanded of those who are married to have a qualified job or have a job that is really mature before they step into marriage.

That is certain, because someone who is very mentally and financially ready can clearly see the level of marriage so that his life can be more mature in his lineage. But in order to do this better, it is clear that problems such as income and the economy in general must be more stable within him because if this is not more stable for him, it will definitely trigger fights within his household because life does not only need motivation and wise words. more, but life always needs food which basically cannot be obtained for free.

That convenience will always be there for everyone who wants to try and not only for people who are married. Because any convenience will not come by itself if someone (both married and unmarried) does not make better efforts for it. Because those who have been successful after marriage or before marriage certainly cannot be separated from the struggles they did before, so when they have a new family and are in a slightly newer environment, it is clear that there will be no problems that can arise for them.

Savings are really needed in running a household so that there are no obstacles whatsoever. But there are some things that cannot be postponed or saved when someone is married or married. This is a basic household need and a basic need for their children (if you already have children). So not everything also has to be saved when it's in a household.

I born and lived for a long time in the rural which is full of social values, helping each other and mutual cooperation, after school and work I live in a city where everything must be valued in money, it is very difficult to find free things so that money in the city becomes king, I plan to go back to the village and immediately sell the house and assets so that I feel true happiness.

Surely the government has also thought about the balance between the minimum wage or the average income of the population with the price of basic commodities or staple foods. Let's just say that we are entering 2023, where the weather is uncertain and various disasters in several countries and regions, it will definitely have a big impact on the economy. While a country's minimum wage will usually increase or be regulated once every 1 year, and if an unexpected event occurs, example:
The weather should have entered spring, but the rain intensity was still high and that prevented the rice from being dry and had to use special tools to dry it, causing the selling price to go up and keep going up. Has this been predicted by the government last year before deciding on the minimum wage?

It is very good to balance the minimum wage or the average income of the population with the price of basic commodities, but sometimes an unpredictable weather and nature will also make it difficult for the government to stabilize some of these basic commodities.

Do you think it's a very good decision to sell the house and certain assets that you already own at this time just for the sake of being able to experience temporary happiness in urban areas? In my opinion, this is a very sad and unreasonable thing, because you say that living in a city by working there, you should still be able to survive on your own work without having to sell important assets such as houses or other assets that you currently own.

Because living in urban areas is not a problem that has to be complicated as long as you have a place to work and make money. So you don't need to sell existing assets just for the sake of a moment of happiness, unless you sell all your assets to open a bigger business in the city and try to become successful on a slightly different path than before. I guess it makes little sense when you sell something of value to open a better business, but if you sell something of value just because it's hard to get free stuff in town, that's not a successful thought, it's a thought of being poor.

.
There's no thing you cant do if people would be deciding off that way on which they are really that minding on the happiness that they could get even on selling up their assets if they cant able to find on what they do

really need.This is why it wont really be that shocking nor surprising if some decisions turns out to be odd.There are really just people who are really that prioritizing their happiness over being sensible on what
would be their future or on what they are currently owning.Taking such step might not really be that worth or something not wise but they wouldn't care at all.

Speaking about wages then it would be pertaining on how you would really be that contented on that.Thing here is that you do know on how to budget out.