Comments on: How Much Is That in Minimum Wage Hours?

By: BloggingBanks

BloggingBanks — Mon, 27 Oct 2008 19:31:39 +0000

Jim,

That’s a very nice summary. It definitely goes to show that once you invest your minimum wage earnings in education in order to establish some marketable job skills only the sky is the limit for you!

By: Think Money

Think Money — Mon, 27 Oct 2008 11:18:01 +0000

Saw a link to this over on PF Buzz… great comparison table.

I wonder how many hours you’d have to work to pay off your mortgage?!

By: ChristianPF

ChristianPF — Fri, 24 Oct 2008 15:17:38 +0000

Does anyone else think it is interesting that the average wedding costs more than a 4 college education and a brand new car?

The education lasts a lifetime, the car can probably last 10+ years if you want it to and the wedding is 1 day. Don’t get me wrong, the memories from it will last a lifetime, but you will have great memories whether you spend $5000 or $30,000…

By: Ken Montville

Ken Montville — Fri, 24 Oct 2008 02:41:36 +0000

Don’t forget Tax Freedom Day.

Americans worked from January 1, 2008 to April 23rd in 2008 to pay their taxes – three days earlier than 2007 due, primarily, to the stimulus checks.

By: poscogrubb

poscogrubb — Thu, 23 Oct 2008 22:56:38 +0000

How about a calculator that does the same, except use your own salary instead of minimum wage? Also, some states have higher minimum wages than the federal mandate.

By: living on fumes

living on fumes — Thu, 23 Oct 2008 15:47:30 +0000

Amazon has this program that allows people to work for even less than minimum wage.

Last week I worked for $1.42 per hour!

By: Glenn Lasher

Glenn Lasher — Thu, 23 Oct 2008 15:11:45 +0000

I have used a similar argument to call for the abolition of the penny and nickel — they take more time to handle than the time they’re worth.

By: jim

jim — Thu, 23 Oct 2008 14:00:00 +0000

Good catch Jack, thanks!

By: Jack D

Jack D — Thu, 23 Oct 2008 13:54:52 +0000

The number of days for a Private 4-Year Tuition is incorrect. You’ve divided by 24 hours for that number, not 8 as for the rest of the figures. The correct number of 8-hour days is 1810.08

By: Miranda

Miranda — Thu, 23 Oct 2008 12:40:30 +0000

Great post! Sometimes you don’t think about how much WORK is needed to pay for things. I think this works, too, for the rest of us. If I stopped to think about how much something cost in terms of my hourly earnings, I might change the way I spend money.