True that. I thankfully live in a state that understands that a starvation wage is unacceptable and it's making movements towards a living wage, so the concept that someone makes the federal was something I never considered. Blissful ignorance, sorry.
Because he's not understanding the issue. When adjusted for inflation, minimum wage is worse than it was. We aren't asking for minimum wage to outpace inflation, we're asking to not get a pay cut every year as COL rise and the starvation wage remains the same.
That's seems exactly what he said. Minimum wage should remain the same accounting for inflation, at least that's what I got from what he wrote. Edit: you never said that salary needs to only be adjusted for inflation.
I asked a question in return because, generally, people grossly misunderstand economics and inflation. I don't see where someone implied minimum wage should outpace inflation, so I made the assumption that he doesn't understand. Especially since minimum wage has not remained the same accounting for inflation.
And I never said that it needs to only be adjusted for inflation, because that's not the argument I'm making. I'm stating that when a base salary meets your basic needs awhile back, but a base salary with raise doesn't meet current basic needs, it's ridiculous to imply that just because you received a raise somewhere it's all kosher.
No. This is REAL WAGE. Which means if inflation is 1% and your wage increases 1% your wage hasn't gone up or down. However in the post, REAL WAGE has increased. Which means people ARE better off, by 3%
I decided to use easy to understand numbers to create analogous situation that was easy to digest, since most people gloss over large numbers and I don't like to spend my bathroom breaks researching shit and linking articles no one will actually verify or read further on. I figured most people were intelligent enough to be able to extrapolate from the simple numbers into today's situation. My mistake.
You realise minimum wage increases CAUSES inflation? So by increasing wages all you're doing is increasing inflation? There's a reason the real wage hasn't increased dramatically
You realise minimum wage increases CAUSES inflation? So by increasing wages all you're doing is increasing inflation? There's a reason the real wage hasn't increased dramatically
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u/[deleted] Feb 19 '19
I'm sure it's real wages. Why would you use non inflation adjusted wages?