A LIVING WAGE
A LIVING WAGE
A living wage is a wage that is high enough to maintain a normal standard of living within a defined geographical area. We are not talking caviar and private jets. A living wage seems like a reasonable thing to offer students working full-time on advanced degrees that will soon, hopefully, contribute to your annual fund. Right?
For every one hour of on-campus student employment at several private Chicago academic institutions graduate students are paid $12.00/hour. That is $3.08 below the current Cook County Living Wage based on a full-time employment. Student workers, however, are barred from working more than 20 hours a week while classes are in session. As a result students often work multiple off campus jobs, take additional loans, and/or invest(gamble) in super cool cryptocurrencies. An estimated annual income of $38,605 is necessary to attain a modest yet adequate standard of living in the Chicago Metro area according to the Economic Policy Institute.
REDUCE THE GRADUATE STUDENT LIVING WAGE GAP BY SPONSORING THE COST OF THE MISSING 15 MINUTES AND 40 SECONDS OF TIME FOR EACH HOUR OF WORK.
This is a complicated issue that must be considered in the context of the Department of Labor full-time student regulations and Affordable Care Act Employer Mandate. But it’s important to consider these wages and the role student employment is plays in the changing academic economy.