4 ms·
> that said minimum wage hasn't been increased from $7.25 in 13 years now, while cost of living and inflation HAS gone up. And it never will go up when conserv
by duped 5y ago
> that said minimum wage hasn't been increased from $7.25 in 13 years now, while cost of living and inflation HAS gone up.
And it never will go up when conservatives have a majority in the Senate, but regardless wages have been growing (1)
> How often have wages gone up at a rate higher than inflation? I can't remember it
According to the same source, there were multiple periods since 2007 where wages rose faster than inflation
That's not to say that wages shouldn't grow higher or make up for the periods where wage increase is below inflation... but at the same time, it's dishonest to point to the floor set by the government as evidence, when in periods of high labor demand and economic growth we see wages go up in (since you can't hire anyone at the minimum wage!)
(1) https://www.epi.org/nominal-wage-tracker/ https://www.epi.org/nominal-wage-tracker/