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m_d_hSenate voted 58-42 to kill the $15/hour federal minimum wage. I didn't realize we were that deep underwater on this issue. We're happy to spend several trillions of dollars on "COVID relief" but the $7.25/hour minimum wage can stay right where it is.
Adjusted for inflation, the current minimum wage is lower than it was in 1950. From 1938 to 1968 we kept raising the minimum wage, to make sure everybody got to share in our nation's rising productivity. But for decades we've only cared about making sure stock prices keep going up for Bezos/Musk/Gates et al.
If we divided the net wealth of the US equally each household would have over $800,000. But instead let's fight over whether to cancel Dr. Seuss.
Adjusted for inflation, the current minimum wage is lower than it was in 1950. From 1938 to 1968 we kept raising the minimum wage, to make sure everybody got to share in our nation's rising productivity. But for decades we've only cared about making sure stock prices keep going up for Bezos/Musk/Gates et al.
If we divided the net wealth of the US equally each household would have over $800,000. But instead let's fight over whether to cancel Dr. Seuss.