Lee Duna to [email protected]English • 7 months agoWhy Americans feel gloomy about the economy despite falling inflation and low unemploymentapnews.comexternal-linkmessage-square264fedilinkarrow-up1372arrow-down111
arrow-up1361arrow-down1external-linkWhy Americans feel gloomy about the economy despite falling inflation and low unemploymentapnews.comLee Duna to [email protected]English • 7 months agomessage-square264fedilink
minus-square@[email protected]linkfedilink1•edit-27 months agoIt’s 1.3% https://www.bls.gov/opub/reports/minimum-wage/2022/home.htm And that’s counting all laborers, including young people and the heavily disabled who have work programs
minus-square@[email protected]linkfedilink1•7 months agoAnd $7.50 is a pointless figure to use as representative of minimum wage. When established, the minimum wage was equivalent to $26 today, and most states had higher minimums even before they went up to $15.
minus-square@[email protected]linkfedilink0•7 months agoI think we should tie the minimum wage to local (probably generally county/parish) COL, updated biannually. But the minimum wage currently shapes a miniscule amount of people’s bargaining power.
It’s 1.3%
https://www.bls.gov/opub/reports/minimum-wage/2022/home.htm
And that’s counting all laborers, including young people and the heavily disabled who have work programs
And $7.50 is a pointless figure to use as representative of minimum wage. When established, the minimum wage was equivalent to $26 today, and most states had higher minimums even before they went up to $15.
I think we should tie the minimum wage to local (probably generally county/parish) COL, updated biannually.
But the minimum wage currently shapes a miniscule amount of people’s bargaining power.