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What is livable wage?. Livable wage is a wage sufficient to pay for basic needs. What Are Basic Needs?. Food- but not restaurant meals Rent and Utilities- such as heat, lights, and water, but not cable TV service Basic Telephone -includes $10/mth long distance
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What is livable wage? Livable wage is a wage sufficient to pay for basic needs.
What Are Basic Needs? • Food- but not restaurant meals • Rent and Utilities- such as heat, lights, and water, but not cable TV service • Basic Telephone -includes $10/mth long distance does not include internet charges or an additional cell phone • Clothing and Household expenses • Child Care- for those households with children and no stay-at-home parent (assuming that children are between four and six years old) • Health Care- including a portion of employer-provided health insurance and some out-of-pocket health care expenses • A small allowance for Personal Expenses (3% of a household budget)
What is a livable wage in New Hampshire? • The lowest livable wage estimate is 10.10/hr. • It’s nearly twice New NH’s $5.85 min. wage. • The highest hourly livable wage estimate is $19.50.
Estimated Cost of Basic Needs and Livable Wage2005: (single person)
Estimated Cost of Basic Needs and Livable Wage2005:(single parent, one child)
Estimated Cost of Basic Needs and Livable Wage2005:(Single parent with two children)
The costs of BasicNeeds are increasing in New Hampshire • Child care costs have increased by 88% over the last 5 yrs. • Health insurance costs have increased 103% over the last 7 yrs. • Costs of rent and utilities have increased by 35% over that last 6 yrs. $
The minimum wage? • The livable wage necessary to meet basic needs is between 2 and 4 times the New Hampshire minimum wage of $5.85
• By the year 2010: People with less than a high school education will be able to fill only 9% of all jobs.
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