Your way of living the wage what you need to live normal life

[fullhdpixel]

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!!

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.

[Johnyz]

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

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.

[Ultegra134]

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.

[Gozie51]

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

 

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.

[og kush420]

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

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.

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.

[xSkylarx]

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

 

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.

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.

[qwertyup23]

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

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.

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.

[kryptqnick]

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.

[Hydrogen]

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

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

Planned economy

A planned economy is a type of economic system where the distribution of goods and services or the investment, production and the allocation of capital goods takes place according to economic plans that are either economy-wide or limited to a category of goods and services. A planned economy may use centralized, decentralized, participatory or Soviet-type forms of economic planning.[1][2] The level of centralization or decentralization in decision-making and participation depends on the specific type of planning mechanism employed

https://en.wikipedia.org/wiki/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?

[uneng]

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.

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.

[348Judah]

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.

[irhact]

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.

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.

[GeorgeJohn]

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.

[stomachgrowls]

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.

[GeorgeJohn]

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.

[carlfebz2]

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.

[xSkylarx]

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.

[autumnleaf]

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.

[Jawhead999]

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?

[wxa7115]

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.

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.