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[–] 06pbmKC 8 points 36 points (+44|-8) ago 

There are talks about it in Kansas City too. Wages here are very low, but our cost of living is very low too. They're pushing for $15/hr here and it is infuriating. The rest of the job market will not correct itself. It is devaluing the $40,000 I've spent on college.

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[–] babij 2 points 23 points (+25|-2) ago 

$40,000 is less than a year's tuition at my college...

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[–] Plantsex 0 points 7 points (+7|-0) ago 

Hope you have an employable major! If you are in the life sciences, you can look forward to a ~$30,000 salary for most starting positions.

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[–] zambeezy 0 points 3 points (+3|-0) ago 

List price. I would bet almost nobody actually pays the $40,000/year.

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[–] 06pbmKC 0 points 3 points (+3|-0) ago 

It is about $6,000 per semester for me. Dual undergrad degrees makes it a little worse for me. I saved a lot of money doing what gen eds I could at community college.

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[–] Sacrefix 0 points 1 points (+1|-0) ago 

Jesus, I'm in medical school and I pay that much per year.

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[–] FeralVoat 1 points 10 points (+11|-1) ago 

On the plus side, they will almost certainly need to raise the thresholds for what income levels are considered 'poverty'. If you're lucky, you'll suddenly qualify for benefits that weren't available to you before.

woop

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[–] themanlyhegoat 1 points 3 points (+4|-1) ago 

This is part of the problem - Wal-Mart is only able to pay employees poverty wages because they can survive with government assistance. If there were no assistance, Wal-Mart would have to raise wages.

So in effect, the US Government (taxpayer) is subsidizing Wal-Mart's shareholder profits, as they are the ones who profit from this.

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[–] LoyalSol 0 points 5 points (+5|-0) ago 

It's kinda depressing that as a graduate student in chemistry I was making $24,000 a year and to do that I had to take on extra work through a government agency. And I was making more than the national average. Yet at $15 an hour someone flipping burgers or weighing tables would be making a little under $30,000 a year.

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[–] voat-ist 0 points 4 points (+4|-0) ago 

The good news is the inflation will make it easier to pay student loans...