This explains the difference between minimum wage and living wage.
https://www.thebalance.com/living-wage-3305771
"These costs are food,
health care, rent, transportation,
childcare, and taxes."
"Average health insurance premiums in 2019 were $7,188 for single coverage and $20,576 for family coverage. People making the minimum wage cannot afford health insurance. They must rely on Obamacare subsidies or free health clinics."
What is also not taken into consideration is the idea of savings.
78% of Americans are living paycheck-to-paycheck, so generate no savings for emergencies or retirement.
69% of Americans have less than $1,000 in savings. This needs to be part of the living wage calculation that is not taken into consideration.