Minimum wage would be $26 an hour if it had grown in line with productivity
www.cbsnews.com
The gap between what average U.S. workers produce and what they earn has grown ever wider. That's a problem.
  • Neuromancer@lemm.ee
    2·
    1 year ago

    That’s why I said a formula. That requires each region to have a wage that people can live on.

    Otherwise you end with something stupid like 15 an hour which isn’t livable in California and it’s a solid living in Mississippi.

    The wages need to reflect the cost of living in the area to be useful. A formula allow it to be adjusted easily every year.

    Even at the time seven something was a lot of money but now days it’s a joke. Housing; food have all went up.

    I called a couple week ago to check what my old apartment rents for now. In 2001 it was 750 a month which was expensive. Now it’s close to 2k