3 ms·

If the $60,000 from 1989 had been indexed on inflation, it would be $115,000 now. So, 130k doesn't seem so unreasonable. Of course, that does exclude states and

If the $60,000 from 1989 had been indexed on inflation, it would be $115,000 now. So, 130k doesn't seem so unreasonable. Of course, that does exclude states and cities with a lower cost of living. It would really make more sense to just index it to inflation or even better to the cost of live of the city where the employee would work (but that would potentially leave some loopholes)

Clubber 10y ago
>just index it to inflation It's so that politicians can fight every few years it needs to be raised and say, "vote for me, I fight for wages." On the other side of their mouth, on the years they don't fight for an increase, they can go to businesses, "donate to me, or I might have to fight to raise minimum wage this year." The minimum wage fight a few years ago is a prime example of this.