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Re:The financial mistakes behind why a startup laid off 400 ... by jessaustin on Thursday August 09, 2018 @09:04PM (#17729899)
That wouldn't be "poverty" in the rural South and Midwest, but one does wonder how much recruiting Zirtual would have done in those regions...
Re:The financial mistakes behind why a startup laid off 400 ... by driverdan on Thursday August 09, 2018 @09:28PM (#17730006)
$11-12/hr is poverty everywhere in the US.
Re:The financial mistakes behind why a startup laid off 400 ... by gnicholas on Thursday August 09, 2018 @09:46PM (#17730091)
$12/hr is about $24k/yr, which appears to be double the poverty level for one person: https://aspe.hhs.gov/poverty-guidelines

Not saying $24k is a lot of money, just pointing out how low the poverty line actually is in government regulations.

Re:The financial mistakes behind why a startup laid off 400 ... by rayiner on Thursday August 09, 2018 @11:14PM (#17730425)
I don’t think you realize how cheap most of the US is. If you get 40 hours a week, that’s $2,100 per month. You can rent a 2BR in Des Moines for $700 per month; split that with a roommate and your rent is $350. That probably leaves about $1,300-1,400 which is totally doable for a single person. (I spent less than that after rent while I was in law school, and I went out all the time, etc.)
Re:The financial mistakes behind why a startup laid off 400 ... by TylerE on Thursday August 09, 2018 @11:18PM (#17730453)
At some point an adult doesn't want a roommate.
Re:The financial mistakes behind why a startup laid off 400 ... by jjeaff on Thursday August 09, 2018 @11:26PM (#17730481)
Usually the adult exchanges a roommate for a spouse, who also works to help pay the rent.
Re:The financial mistakes behind why a startup laid off 400 ... by chii on Thursday August 09, 2018 @11:56PM (#17730575)
> Usually the adult exchanges a roommate for a spouse, who also works to help pay the rent.

and then, a child comes along.

Re:The financial mistakes behind why a startup laid off 400 ... by rayiner on Friday August 10, 2018 @08:35AM (#17732686)
And you can have a kid in a 2BR and its not “poverty.”
Re:The financial mistakes behind why a startup laid off 400 ... by epicureanideal on Thursday August 09, 2018 @11:47PM (#17730552)
Is that how it usually works? That's not what my wife says... oh.
Re:The financial mistakes behind why a startup laid off 400 ... by perl4ever on Friday August 10, 2018 @12:09AM (#17730616)
When I got my first job after I got my CS degree in 2007, my rent was under $400 without a roommate and my base pay was about $18/hr. I thought that was pretty good, because it was a real hourly rate, with a significant bonus for overtime.
Re:The financial mistakes behind why a startup laid off 400 ... by paxys on Friday August 10, 2018 @12:27AM (#17730673)
Well at some point an adult has to stop making entry level wages at a startup as well.
Re:The financial mistakes behind why a startup laid off 400 ... by throwawayboye on Friday August 10, 2018 @12:39AM (#17730718)
Then you need to go to the ER and suddenly you owe $25,000. Oops.
Re:The financial mistakes behind why a startup laid off 400 ... by StudentStuff on Thursday August 09, 2018 @10:26PM (#17730246)
Austin may be skewing your perspective due to the recent run up in rent, I know more than one person who lives on $11/hr. Most don't live on the coasts or in a major city though! Housing is really cheap in some parts of the US, though it isn't a great life to earn that little after getting a college degree.