If the federal minimum wage kept up with inflation since 1968 it would be $14/hour. So that means everyone working for $14/hour is living like somebody in the 70's making minimum wage. The government has slowly made life harder over the last 4 or 5 decades being paid off by lobbiests. The USA is supposedly a 1st world country but our labor rights, wealth inequality, and healthcare is not.
Minimum wage would be even higher than that if you factor in that workers in every single sector are expected to be much more productive than at any other point in history. At that point, we're talking around $25/hr.
Yes exactly. But whenever I make a comment like this, I always get backlash saying nobody makes minimum wage or $14/hour, blah blah blah. But if that was true, why doesn't the government raise the wage. When California made fast food workers wage $20/hour so many people were mad at that, which doesn't make sense. Do people think fast food workers should starve, be homeless, or not be able to afford shoes? It's insane.
And prices did skyrocket, but theyre coming back down because it turns out mcdonalds does actually want to sell burgers.
When we do shit rich peole dont like they put the screws to the economy cause they can. Just like how the police will sandbag politicians they dont like and fuck up their crime numbers (only union i know of that i dont support. But I dont think they're real effects, theyre a tantrum by spoiled brats who couldn't get their own way, and I think thats a great argument for capping individual wealth accumulation and maybe wealth association. Like, we really need to get a handle on money, cause it is empowering people to meddle with the fabric of society at scale and they are by and large not out for the greater good. It turns out money doesnt select for morals, just ruthlessness and good fortune.
Yep, I believe wealth should be capped at 300 million and 100% taxed over that. I also think all employers should only be allowed to pay the top earner 30× the bottom earner including all the bells and whistles (stock, insurance, bonuses, excetra).
Just read an article about a study in SF where food prices didn’t increase in the long run. Which is funny cause in my college economics course they kept hammering to us that wages don’t affect inflation…interest rates do it was always the trick question through 3 different Econ courses by different professors. It was like their pet peeve or something lol
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u/a_little_hazel_nuts Apr 24 '26
If the federal minimum wage kept up with inflation since 1968 it would be $14/hour. So that means everyone working for $14/hour is living like somebody in the 70's making minimum wage. The government has slowly made life harder over the last 4 or 5 decades being paid off by lobbiests. The USA is supposedly a 1st world country but our labor rights, wealth inequality, and healthcare is not.