Lee Duna@lemmy.nz to News@lemmy.worldEnglish · 10 months agoWhy Americans feel gloomy about the economy despite falling inflation and low unemploymentapnews.comexternal-linkmessage-square264fedilinkarrow-up1372
arrow-up1372external-linkWhy Americans feel gloomy about the economy despite falling inflation and low unemploymentapnews.comLee Duna@lemmy.nz to News@lemmy.worldEnglish · 10 months agomessage-square264fedilink
minus-squaredangblingus@lemmy.worldlinkfedilinkarrow-up3·10 months agoYeah sure, less than 1% of working Americans make minimum wage. Gonna need a citation for that one.
minus-squareSCB@lemmy.worldlinkfedilinkarrow-up1·edit-210 months agoIt’s 1.3% https://www.bls.gov/opub/reports/minimum-wage/2022/home.htm And that’s counting all laborers, including young people and the heavily disabled who have work programs
minus-squareMasterBlaster@lemmy.worldlinkfedilinkarrow-up2·10 months agoAnd $7.50 is a pointless figure to use as representative of minimum wage. When established, the minimum wage was equivalent to $26 today, and most states had higher minimums even before they went up to $15.
minus-squareSCB@lemmy.worldlinkfedilinkarrow-up1·10 months agoI think we should tie the minimum wage to local (probably generally county/parish) COL, updated biannually. But the minimum wage currently shapes a miniscule amount of people’s bargaining power.
Yeah sure, less than 1% of working Americans make minimum wage. Gonna need a citation for that one.
It’s 1.3%
https://www.bls.gov/opub/reports/minimum-wage/2022/home.htm
And that’s counting all laborers, including young people and the heavily disabled who have work programs
And $7.50 is a pointless figure to use as representative of minimum wage. When established, the minimum wage was equivalent to $26 today, and most states had higher minimums even before they went up to $15.
I think we should tie the minimum wage to local (probably generally county/parish) COL, updated biannually.
But the minimum wage currently shapes a miniscule amount of people’s bargaining power.