759
Exploited rule
(slrpnk.net)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 04 Aug 2024
759 points (100.0% liked)
196
16410 readers
2464 users here now
Be sure to follow the rule before you head out.
Rule: You must post before you leave.
founded 1 year ago
MODERATORS
This is I believe what it would be at if it had raised with inflation after the last change to it. If I remember correctly. Which is yeah, wildly off what is stated here
Edit: frezik below found what it was.
If I'm understanding what your saying here the last time the federal minimum wage increased was 2009, adjusted for inflation 7.25 in 2024 is 10.60.
Hm, you know it might’ve been about fast food workers in Cali then. I just do remember something about $23 coming from just inflation.
Also could’ve been whenever minimum wage was at it best adjusted.
The argument was that the $7.25 minimum wage in 2009 was already criminally low, and should have been $15. That would be $22.32 now. The actual minimum wage has not been changed since.
The post specifies productivity gains since 1960, though. That's a different measure than inflation, but it's interesting that they arrive in about the same place. There's been a huge gap between average wages and productivity increases over that time period. It's not like the working class was even getting their fair share in 1960, and they sure as hell aren't now.
Ah yup that’s what it was. Thanks.
Maybe they mean the time before the current minimum wage was set