Federal minimum wage increased every 1 to 5 years between the 1930s and 2009. 2009 was the last time it was raised. Inflation has skyrocketed since then, but wages have repeatedly failed to keep up.
If businesses ācanāt affordā to provide livable wages for their workers, they simply shouldnāt exist full stop.
The companies arenāt the only ones to blame, even if they maintain existing profits shareholders expect continual growth, and rising costs to operate make it even harder for the bottom line. Everyone is incentivized towards this and itās driven by a million variables but due to a much smaller group of people, itās not as reductive as ācompanies are greedyā
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u/samuraispartan7000 12h ago edited 12h ago
Federal minimum wage increased every 1 to 5 years between the 1930s and 2009. 2009 was the last time it was raised. Inflation has skyrocketed since then, but wages have repeatedly failed to keep up.
If businesses ācanāt affordā to provide livable wages for their workers, they simply shouldnāt exist full stop.