disclaimer: i did not have the time to read all the comments but had some insight into the subject as i employ laborers in my business so I see this all the time. It is hard to know all the varaibles, but you can get a decent idea over time.
First of all, i think minimum wage is a joke and not meant for someone who is supposed to be the main bread winner. I am guessing i could argue that a minimum wage actually keeps wages low. i obvioulsy build ponds (landscape industry). I start my new guys 20-30% higher than the market pays for a landscaper in my area. Many of the larger landscape companies in my area set their starting wages a couple of dollars over minimum wage as it is seasonal work and demands physical labor. it is not a living wage. My guys have overtime available pretty much every week. i pay more and offer overtime because i want to attract the best people, and the pool is not exactly over filling with great talent. when i get a good guy and i want to keep him, I give him more money and responsibility so he does not leave. If i have good people working for me and making above market wages, they will be happy and my business will make more money and grow and i can hire more good responsible employees. I am also one of the highest priced landscape/pond contractors in my area for what I do, and I am ok with it. we still get work and stay busy...usually fixing or redoing the low costs guys work
My laborers make more money than most landscape companies foreman. My foreman makes more money than a large landscape companies operations guy (in charge of all the construction done by 6-8 crews..my guy is in charge of 3-8 guys and is currently in charge of training 2 guys to be a foreman.
I also quickly drop any employee that is toxic to my business. I currently have 4 full time employees and they all are very good at their job and great employees.
One of these guys is extremely good with his money and another is not very good. the one that is not good with his money is constantly asking if payroll checks are ready a day early. the other one may not deposit his check for a week or 2 after he gets it, and sometimes deposits 2-3 checks at a time. i have employees in the middle as well.
here are some other things i have seen over the years. an employee said he needed $10 for fuel to get to work the rest of the week before payday. I gave him $10...2 hours later i stopped at a gas station to take a piss and when i came out of the bathroom he was getting the change from the $10 i gave him for a pack of cigarettes he had just bought with it. He said the change would get him to the work the rest of the week. the next day he showed up with no lunch and did not eat because he did not have the money (kind of hard to do manual labor on an empty stomach..)
I hired a guy i had met through my wife and our infant son (they had a baby at the same time as us). anyway, he had lost his job at a bank and wanted a change of scenery. he seemed to have his shit together and i hired him with the thoughts i would train him to be a foreman. so i gave him more money than i typically give a new hire. the first week on the job he informed me thursday morning that he would be on overtime by 2pm that day. i said great...overtime is time and a half so he could make some really good money and this would be a regular thing every week. he then said he could not work overtime because he would lose his "benefits". after a few questions, I started learning how much he was getting in value from food stamps, free healthcare for his wife and daughter, and so on. i asked him if he wanted to be promoted to a foreman and get a raise and get off that stuff and he said he would rather just work 40 hours a week and keep his "benefits". he obviously did not last much longer with me.
some people want to work and succeed, some want to do as little as possible and get by. some people take adavantage of employers and the system, others are model employees.
i saw a comment that kids are not taught to balance a checkbook and budget. i completely agree with this. i grew up with my parents earning middle class salaries but there was never any money and my parents marriage ended because of money. coming out of college, i could easily spend $1.50 for every $1.00 i made. my wife's parents made the same amount of money as my parents, had the same amount of kids but knew how to handle money. they paid for all their kids college (my wife's siblings have masters and phd degrees, my siblings and i had to pay our way through college) and then lived comfortable in retirement. they had crappier cars than my parents and a smaller house but they invested well and did not live beyond their means. my parent s will both die in debt...
I slowly learned to be better with my money by watching my wife handle it. I am still a bit wreckless with it but i am entrepreneur and do some pretty high end ponds so a lot of money goes through my business. i like the risk /reward mentallity of being in business but I am a drastically different person with money than i was 15 years ago. Our son will not start his adult life handicapped like i was in the education of finances. the cycle breaks with me in that department.
my .14 cents...