Originally posted by Shaione
Now, I've said all of this to say. Can normal people make it?
If you can't afford to live in an area, then you're supposed to move to a location where you can. I agree, its odd that, if you have a kid, then
you can be granted money to live in a place where a person without a kid can't afford to live. BUt, at the same time, we don't want kids raised on
But, if the minimum wage was to increase, the price of living would increase with it.
To a degree I suspect that that is true, although in many areas the cost of living has increased dramatically while the minimum wage has increased
Then again, the minimum wage is really for crappy jobs anyway
. Its perhaps not reasonable to expect to live in the neighbhorhood of choice
while making the minimum wage.
Part of the reason for why the cost of living increases with average wage (as opposed to the minimum legal wage) is that price, in a free market, is
dicatated by, whats the most a consumer is willing to pay for the product? As the consumer's wealth increases, they're more willing to pay a higher
and higher price for a product.
but I have no clue where to start and learn a bit about this during summer and I figure this would be.
Thats a complex subject, money, society, wages, the market, etc. Also has a long long history. I am sure that there are people better qualified to
recommend sources on these things than I. But as far as I understand it, the basic theories start with guys like Adam Smith. Marx, for all the
political hysteria over his ideas, also is recognized as a big economic theorist.
Personally, I liked, yes, actually enjoyed, Max Weber's
Sociology of Ancient Civilizations
It covers the development of economy and market through history. He has written a lot of other books on the history of the development of economies,
that might provide a nice introduction to the general topic and give you a bearing within it, without getting into an economics class or a primer on
the stock market or housing market.