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DeadWorld@lemm.eeM to BrainWorms@lemm.eeEnglish · 2 years ago

Minimum wage would be $26 an hour if it had grown in line with productivity

www.cbsnews.com

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Minimum wage would be $26 an hour if it had grown in line with productivity

www.cbsnews.com

DeadWorld@lemm.eeM to BrainWorms@lemm.eeEnglish · 2 years ago
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The gap between what average U.S. workers produce and what they earn has grown ever wider. That's a problem.
  • JustEnoughDucks@feddit.nl
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    2 years ago

    https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1.15&year1=196101&year2=202111

    Inflation isn’t that much on its own. It would be about $10 per hour according to the inflation calculator, but inflation calculators also don’t take CoL changes which have skyrocketed.

    I don’t know what math they used to get the $25 number, but inflation might be baked into it anyways. No way 1000% on top of $25 would be realistic is any way.

    • smotherlove@sh.itjust.works
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      2 years ago

      deleted by creator

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