Interestingly enough, that's around the same number I came up with as a minimum wage for students with big loans to pay back a University. People would tell me that $15 an hour or so for IT work like we get out here was decent pay for new people. I said a lot of these people have Bachelor's degrees with minimum payments of $2,000 a month. Lowest cost-of-living out here (poor people life) + that payment = you need at least $40,000 a year just to scrape by. People just don't get how the traditional model of education plus companies not paying people anything puts such a financial burden on graduates that they're damn-near better off taking a no-degree approach.
