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Northwest Voices

Seattle Times letters to the editor

August 12, 2013 at 6:48 PM

Living wage uprising and organizing in Seattle

Increasing wage alone will not lead to wealth

If minimum wage were increased to $15 an hour, people currently earning minimum wage and working full-time would take home more than $200 extra each week. [“Guest column: Seattle leads the chorus for a living wage,” Opinion, Aug. 11.]

It is widely recognized that the most common way of attaining wealth is to invest, so I would advise a person being paid that additional $5.81 per hour (before taxes) to invest that extra money, and someday, he or she could be rich.

There are lots of investments that could be very rewarding. Attaining wealth is not only a matter of earning a fatter paycheck. Spending discipline is also a big part of the equation. A fatter paycheck is often the least important factor.

The alternative is to spend that extra cash on rent, food, clothing, entertainment, marijuana, or body art, or some combination thereof. The choice is his or hers.

Eric Tronsen, Seattle

Comments | More in Economy, Seattle | Topics: investment, living wage, Minimum Wage

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