A quick way of estimating annual wage for a full-time position is to take hourly, double it, then move the decimal point to the right by three spots.
So for example, the BC minimum wage is $17.40. Double that is $34.80. Annually in a full-time job, that’s about $34,800 before taxes.
And 4× that is $139,200. Current median SFH prices for used homes sit at just under $1M in my podunk tourist town. All detached SFH, $1,200,000. New construction, $1,500,000.
I mean, really - who under 50 can actually afford those prices without intergenerational wealth to give them a leg up in life?
A quick way of estimating annual wage for a full-time position is to take hourly, double it, then move the decimal point to the right by three spots.
So for example, the BC minimum wage is $17.40. Double that is $34.80. Annually in a full-time job, that’s about $34,800 before taxes.
And 4× that is $139,200. Current median SFH prices for used homes sit at just under $1M in my podunk tourist town. All detached SFH, $1,200,000. New construction, $1,500,000.
I mean, really - who under 50 can actually afford those prices without intergenerational wealth to give them a leg up in life?