Ideally yes. But people are too materialistic, imo.
I know many folks who work jobs that would be the sort of “wage slavery” type jobs the US would refer to as and they live reasonably comfortable lives. Granted that’s usually because they have a partner who also earns. That’s not to say my country doesn’t have those sorts of awful exploitative jobs also. But many of the big brand retail companies for example do tend to pay above minimum wage for its permanent employees. Though they can be rather cutthroat in many other aspects.
Out of curiosity, does the US have a mandatory Superannuation scheme for employees? Or equivalent?
I feel compelled to ask since I know the US doesn’t have many of the mandatory benefits other Western Nations must provide employees by law.
Be careful when speaking to our American friends on these topics. The minimum wage in the US is very low in most areas, roughly half what it is in Australia. And differences in healthcare and superannuation are substantial.
Talking to them about this stuff is interesting, but just make sure they know what you mean, and you know what they mean when talking about superannuation vs retirement plans (because it's not apples and apples) or minimum wage.
Someone in America on minimum wage can't live (often) unless it's subsidized by a secondary income, or cash tips, etc. Whereas in Australia you'd be battling to pay rent and get food on minimum wage, in America it's just not possible.
Can make for some confusing conversations in my experience!
Anyways....like all my advice, feel free to disregard. Just my 'old man' thoughts...lol