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The minimum wage in the United States is no longer a living wage. At $7.25, the federal minimum hasnât kept up with the cost of living since the late 60s, and thereâs a growing movement among workers, policy analysts, state and city governments â and even some employers â to raise it.
It's very common to make six figure salaries, even for trade/craft type jobs. So most people have come to believe they can't possibly live on less than $100,000 a year. If you ask them how they think other people live on the average of $42,000, they'll say it's not possible in Los Angeles.t's very common to make six figure salaries, even for trade/craft type jobs. So most people have come to believe they can't possibly live on less than $100,000 a year. If you ask them how they think other people live on the average of $42,000, they'll say it's not possible in Los Angeles.