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This interesting Web site came across my email the other day.
Pennsylvania State University researchers came up with a calculator that lets you type in any U.S. city and then compare minimum wage to the actual cost of living for various household sizes.
For example, Toledo's living wage for a single adult has been calcuated as $7.76/hour. With a minimum wage of $7.25/hour, that's close enough that you might be able to squeak by.
However, add just one child and you're screwed. Living wage jumps to $15.53, but you're still only making $7.25/hour.
Moral of the story: Don't have kids.
Kidding!
Real moral of the story: Making ends meet can be tough, and in this economy, it's even tougher.
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