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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223 comments
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bUt fReE mArKeT gOod
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But that has nothing to do with free market because minimum wage is set by the government?
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Minimum wage is required because companies operating in the free market don't pay many people enough to survive. So minimum wage is absolutely related to the free market.
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Except a tiny percentage of people in the US earn minimum wage, and half of the them are under 25 iirc
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223 comments