Tags: Minimum Wage | minimum wage | difference | living wage | miami

What's The Difference Between Minimum Wage and Living Wage in Miami?

By    |   Tuesday, 12 May 2015 11:08 AM

Florida is among more than half of the states in the U.S. to have a higher minimum wage than the federal requirement of $7.25. The state raises the minimum wage periodically, based on a 2004 constitutional amendment that requires an annual adjustment for inflation.

State officials increased the minimum wage from $7.93 to $8.05 in 2015. However, because of the continuing growth in Miami, many workers may find it difficult to achieve a living wage even with the recent increases in the minimum wage, reports the Miami Herald.

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Miamians making minimum wage see nearly all of their income spent on living expenses. The Miami Herald cites the Location Affordability Index from the U.S. Department of Housing and Urban Development, which found that people in Miami-Dade County use up an average of 54 percent of their incomes just on housing and transportation. That's higher than such metropolitan areas as New York City at 49 percent and Chicago at 48 percent, according to the index.

The living wage for one adult in the Miami-Dade County area is $10.79 an hour, according to a living wage calculation conducted by Dr. Amy K. Glasmeier and the Massachusetts Institute of Technology. One adult supporting one child would need to earn $21.87 an hour for a living wage. Along with housing and transportation, the analysis included expenses for food, child care, medical care, and other factors.

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A large gap exists between high professional positions and other skilled laborers in Miami, the report notes. People in the management, financial, computer, technical, and engineering fields earn income comfortably above the living wage, based on figures for one adult supporting one child.

While practitioners and technicians in the healthcare industry earn the typical hourly wage of $26.78, employees who provide healthcare support earn an average of $11.73, far below the living wage for one adult supporting one child, according to the analysis.

Even those in arts, design, entertainment and education make just below the living wage. Occupations well below the living wage include maintenance, personal care services, sales, administrative support, construction, transportation, and food services.

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Florida is among more than half of the states in the U.S. to have a higher minimum wage than the federal requirement of $7.25. The state raises the minimum wage periodically, based on a 2004 constitutional amendment that requires an annual adjustment for inflation.
minimum wage, difference, living wage, miami
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2015-08-12
Tuesday, 12 May 2015 11:08 AM
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