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Can someone tell me if I have this correct about a 'living wage'?
01-31-2013, 03:01 PM
Post: #11
 
I'm guessing that when people refer to a wage as a "living wage", it means paying an individual enough money per hour/week/month so that he can sustain himself with adequate housing, clothing, food, and medical care.
This underlines how many people do not understand what money represents. Money is the PHYSICAL symbol for something you cannot see: the power of your thinking/ideas and the labor of your muscles. Since pouring a cup of coffee requires very little physical skill and mental power, the money garnered for this activity is low. However, if you can figure out how to turn lead into gold or whack a baseball out of the park anytime it comes at you, the money you get for this is very high. That is the representative VALUE of money. It has NOTHING to do with what you DO with the money once it is earned.

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01-31-2013, 03:01 PM
Post: #12
 
Very interesting.

So ....I looked up Benton Arkansas (where Walmart is based) and found that a "living wage" there is $8.22 an hour.

Then I discovered that sales associates at Walmart average $8.83 an hour.

http://www.glassdoor.com/Salary/Walmart-...s-E715.htm

Who says they don't pay a "living wage"?
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