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Tag Archives | cost of living

Inequity of Federal Minimum Wage

The House of Representatives recently voted to nearly double the national minimum wage from $7.25 per hour to $15. Democrats are rejoicing that this change, if passed by the Senate, will lift 1.3 million people out of poverty. Republicans are complaining it will cost 1.3 million people their jobs. According to the Congressional Budget Office, […]

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How to Compare Living Costs and Benefits

Suppose you’re ready to take your career up a step, and you’re exploring opportunities in various parts of the country. You may easily be misled by the money script that a higher salary equates to a higher standard of living. As last week’s column pointed out, this is not necessarily true. What can you do […]

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Snowflakes, Money Scripts, and the Cost of Living

Suppose you earn $45,000 at a job in Rapid City, SD, and you learn that someone doing the same job in Redwood City, CA, earns $60,000. Your instant conclusion is likely to be that they enjoy a higher standard of living than you do. That assumption would be a money script. It is neither completely […]

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The Happiest States in the USA

*It was brought to our attention that our blogs were not being distributed properly over the past month.  This blog was from last week, and we will send out the current weeks blog later this week.  We apologize for the inconvenience. My friends from across the country generally give me a lot of grief when […]

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Federal Minimum Wage Adjusted for Cost of Living

The “Fight For $15” is gaining national attention and becoming an issue in the presidential race. Both Bernie Sanders and Hillary Clinton have expressed strong support for a national minimum wage of $15, more than double the current $7.25. Missing in the national debate over the minimum wage is the recognition that taxes and living […]

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