I have a confession to make: when I started writing this column, I thought that I make too much money at my job.
How could that be, you ask? Well, I currently make $25 an hour employed at Footlocker as a junior. I started at $12 an hour two years ago. Compared to others at my age, and younger this may seem like a lot compared to $8, or $12 an hour. My friends tease me all the time about my wages, saying I’m lucky.
So do I really make too much money?
I did the research, and here are a few reasons I think my wages are reasonable:
One is inflation, which is where “ the increased cost of consumer goods, and services such as gas, food, and housing.” In President Biden’s recent speech he claims there will be food shortages, wage cuts and increased inflation rates stating “ Inflation rates have noticeably increased, and wage cuts have been set in place which is helping ukranians to defend our democracy.”
Biden also uses the Ukrainian war as a major result of food shortages in the US stating “ feeding those who are left hungry around the world because Russian atrocities exist, the American farmers understand Putin’s War has cut off critical sources.”
Another is the taxes I pay. In the US, there are already taxes in place for people over the age of 16 and over with the tax rate being 3.07% in Pennsylvania . Me specifically, in the summer I work forty hours in a week that’s $1,000 but not minus taxes. Minus taxes I would make $970.30, which is still a good amount, now subtracting Bidens wage cuts I now would have $920 which is way less.”
And with prices increasing due to inflation that’ll mean things being less in demand, at a higher price due to a “ lack of resources.” Inflation has risen to 8.5% over the course of 12 months with it being at its peak today.
Lastly, I think my wages are fair because it’s not as though lowering my wages would increase them for teens in other jobs.