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Smart Start Money provides information on making smart money decisions. Providing tips, personal experiences, and opinions on saving smart and spending smart. Times have changed since getting a job and keeping the same place of employment for a lifetime. The average time spent with one employer is now three to five years. Companies are replacing workers with lean staff that previously held more people to accomplish the same tasks. This has resulted in periods of unemployment for many people making it challenging to save for retirement and stay debt-free. The rising costs of healthcare, consumer goods, and wages that often do not seem to keep pace with the cost of daily life make it more important than ever to make smart financial decisions. Millions of people struggle each day to get ahead. The intention of Smart Start Money is to not only provide insight into saving or spending but also open conversations. Discussions relating to the economy, employment, and even the occasional forbidden topic of politics are possible. If the subject matter has a correlation to helping people with their finances or questioning the so-called experts, it is open for dialogue. It has never been more important than ever to save and stay out of debt. No one has all the answers when it comes to personal finance. People come from all different backgrounds in life. The choices we make and the opportunities available are never identical. We can all learn from each other.
Episodes
Thursday Apr 15, 2021
Why Is a $15 an Hour Federal Minimum Wage a Terrible Idea?
Thursday Apr 15, 2021
Thursday Apr 15, 2021
The politicians in Washington that are proponents of a $15 minimum wage claim that it will raise the pay rate for people to one that is a livable wage. Although the Congressional Budget Office estimates a rise in the minimum wage to $15 would increase the income of around 7 million people, the increase in wages would also result in a loss of 1.3 million low-end jobs, according to the Department of Labor.
A $15 an hour minimum wage might sound like a good idea. This is particularly the case if you are currently earning a low wage. There is no argument that living on a low hourly pay rate is a challenge. However, raising the federal minimum wage to $15 will not likely have the outcome many people are hoping for.
This podcast episode talks about the problems with raising the federal minimum wage to $15.
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