TIL Minimum wage has only increased by $7.00 in 85 years in the USA.
TIL Minimum wage has only increased by $7.00 in 85 years in the USA.
Upon inception it was set at $0.25. It is now $7.25.
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Federal min wage, many state minimum wages are more than that
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While I am very pro-minimum wage, it does need to be more regionally based than nationally. The minimum required to get by in LA, New York, and so forth is going to be different than some podunk middle of no where towns in rural America.
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Completely removing money is forever impossible, as long as we are here. Some people will always be trading. It's just our human nature, and money is very useful for trading. That means, even if the state of any country discontinues their fiat currency, the trading people that were agreeing upon using that currency, will just switch to any other fiat currency still in existence, or any crypto currency, or gold or whatever else they agree upon.
Teenager take
Isn't that why it's so low? It would also be hard anywhere in the US to live on $7.25 an hour.
Many as in 4%. 2 of the 50 states were on that list as being double. Only 1 being over double. (Washington)
And many municipalities even higher than many of those high state minimum wages.
Then you have NC. NC's state gov does everything it can to restrict local govs. It is even banning cities from regulating single use plastic bags.
Sounds like big government overreach to me
It's the GOP punishing cities for being Blue. NC has no local/home rule unless general assembly delegates it through specific legislation. GOP has had lock on general assembly since 2 years into Obama's first term.
Then you get Texas. We've got a law that just went into effect that basically takes away huge swaths of law making powers from the cities. They have made no attempt to hide that it was entirely for the benefit of businesses at the expense of locals and their desires.
Additionally just because that is the minimum wage doesn't mean people are getting payed that. I live in a state where we just used the fed minimum, and see McDonald's advertising $17/hr. That's still a pretty humble rate but the labor market dictates wages not the government.