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this post was submitted on 09 Apr 2024
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$20 USD/hr is a pretty good wage gd. I'm sure you can't afford to live in SF for that but I bet you're probably able to gather some savings at least in a lot of the lesser towns with that.
national minimum wage would be like 25 if it kept pace with productivity since the 1970s ~~inflation pre-covid~~, no idea what the fuck it should be now. something like twice as much if it was on pace with executive plundering.
Isn't national minimum wage in the US $7.25? I don't live in the US but I know y'all didn't have 300% inflation in the past 4 years
They're talking about the decoupling of productivity and wages in the late 70s. If wages had increased in line with productivity increases minimum wage would be like $28-30/hr. The highest minimum wage (adjusted for inflation) was in 1968 and would be about $15/hr today. The real theft is that we produce so much more surplus value than 40 years ago and receive none of it in compensation.
yeah, productivity. that's what i get for posting tired