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I’m not an economist but afaik if minimum wage would have kept pace with productivity it would be at USD ~50k at this point. So if we talk about skilled labour
by musha68k 5y ago
I’m not an economist but afaik if minimum wage would have kept pace with productivity it would be at USD ~50k at this point.
So if we talk about skilled labour of any sort USD 200k would be somewhat normal across industries.
- thow-58d4e8b 5y agoUS minimum wage reached $1/hour in 1956, or $10.25/h in 2021 dollars Since 1956, inflation adjusted GDP per capita increased by +218% All things equal, this would mean ~$66k / year for a 9-to-5 job paying minimum wage