Comment by bluGill
4 days ago
50k is just a step above McDonalds these days in a lot of areas. Sure minimum wage might be $15k, but realistically nobody pays that little except in very rural areas (if you need a small number of low skilled employees a small rural town is a perfect spot to build - but if you need more than a small number they can't provide more at any price - you will pay more in the city but there are a lot more people around if you need more)
McDonalds in Sunnyvale CA starts at 20/h, so 41k/year for the lowest role
Perhaps - in California.
Median US Salary is $59,384. Half of workers make less.
You need to factor in that only ~30% of workers work full-time.
Men with a bachelor's degree who work full-time have a median income is ~$89k - (basically the entire demographic of these TSMC workers).
https://www.bls.gov/news.release/pdf/wkyeng.pdf
The statistic I gave was for solely full-time workers in the US.
Keep in mind the plant they are talking about is in AZ, where median wages and cost of living are generally lower than California.
Medium individual income in AZ is ~37k. I'm not sure how many Americans would give up a 40hour/week job for a 996 that pays 13k more.
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By how much? Where I live in IA McDonalds is starting at $17/hour, which is not that much behind California. (and both states are large enough to expect some variation depending on where you live)