What is a liveable wage you moron?
Depends on circumstances. A person with no kids can easily live on slave wages. Adding 1 kid would double the cost of living because day care cost as much as rent.
The complexity of determining "living wage" is why lots of countries don't push the costs of living all on the employer. Look at a country like UK or Canada. Who pays for public school? The government does, and that's about 10k per year per student. Who pays for health care in those countries? The goverment does, and that would cost maybe 10k for a person who has 1 child (look at charts of health spending per person by country). Some countries like France and Norway also have government provided day care. How much would that cost if it came from wages? That too is another 10k per year. Let's say the basic cost of rent and food is 20k ($10/h), what would be a living wage with no government assistance at all?
20k base cost + 10k education + 10k medical + 10k day care = $50,000 per year.
Is it reasonable to set minimum wage at 50k? Probably not, and that wouldn't really do anything to fix poverty because you would still end up with a class of 16 year old kids making 50k and driving BMWs in addition to a class of poor people who make 50k at the same job and are just barely hanging on. This is why setting "living wage" is a horrible idea. Instead of fucking with the wage, try handing out government benefits to those who need them such as public school, public health care, and public day care. The countries that have those government benefits tend to have much lower rates of poverty.
Michal,
I am much more upset at how Walmart has forced manufacturing jobs overseas. Walmart and corporations like it are transforming America from a wealthy nation to a poor nation.
Don't hate the player, hate the game. They're shipping jobs to China because they're allowed to and it gives them a competitive edge. Do you just expect them to stay with US companies and take a loss out of the goodness of their hearts? That's ridiculous. If you want them to act responsible, it's up to voters and the government to set the laws so responsibility is the only option.