$97,200 just for childcare and rent; we aren’t event talking about health insurance, food, utilities, transportation, diapers, clothing, ect.
Assuming a 2 parent minimum wage income in NYC, ($17 hr min wage * 40 hr week * 52 weeks year * 2 parents = $70,720 gross yearly income.) Minimum wage earners are fucked if the cost of life is similar for them.
If mom and dad can stagger their hours so they don’t need to depend on daycare, rent in the same spot would cost $46,800 a year. Minimum wage isn’t a living wage. Even when you assume that the parents could try to find cheaper daycare, and cheaper rental, it’s unsustainable when you take into account all of the other costs of just being alive.
This is why millennial and future gens aren’t having kids; but by all means keep hoarding the profits for the shareholders and executive pay and bonuses.
$97,200 just for childcare and rent; we aren’t event talking about health insurance, food, utilities, transportation, diapers, clothing, ect.
Assuming a 2 parent minimum wage income in NYC, ($17 hr min wage * 40 hr week * 52 weeks year * 2 parents = $70,720 gross yearly income.) Minimum wage earners are fucked if the cost of life is similar for them.
If mom and dad can stagger their hours so they don’t need to depend on daycare, rent in the same spot would cost $46,800 a year. Minimum wage isn’t a living wage. Even when you assume that the parents could try to find cheaper daycare, and cheaper rental, it’s unsustainable when you take into account all of the other costs of just being alive.
This is why millennial and future gens aren’t having kids; but by all means keep hoarding the profits for the shareholders and executive pay and bonuses.