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Why is Bernie Sanders the authority here? Given inflation and a year-after-year growth in productivity, the minimum wage should be closer to $25/hour. Sanders
by RIMR 5y ago
Why is Bernie Sanders the authority here? Given inflation and a year-after-year growth in productivity, the minimum wage should be closer to $25/hour. Sanders falls way short of reality - but likely because the powers that be are more likely to compromise with a half-measure than give up more wealth to meaningfully improve America's economy by paying people equitably.
- missedthecue 5y agoI never said he is the authority, but is probably the most prominent and well known Amazon critic on the planet today, and leads a huge populist movement that has been pushing for a 'living wage', which Sanders defines as $15/hr. My question remains - at what dollar amount will people be satisfied that Bezos is being fair?
- homarp 5y ago> at what dollar amount will people be satisfied that Bezos is being fair? 70k a year :) https://www.inc.com/magazine/201511/paul-keegan/does-more-pay-mean-more-growth.html https://www.inc.com/magazine/201511/paul-keegan/does-more-pa... $15 an hour is $120 a day (8h) and $600 a week (5 days) and $2400 a month and $28800 a year. $20 an hour is $160 a day, $800 a week, $3200 a month and $38400 a year. $35 an hour is $280/d, $1400/w, $5600 a month and $67200 a year