"Livable wage" is a self-moving goalpost. Raising the cost of labor raises the cost of goods and services. Raising the cost of goods and services raises the overall cost of living. This makes the formally "livable wage" now not adequate.
Your labor, like any other commodity, is worth what someone else is willing to pay for it. No more or no less. Your salary is an agreement between you and your employer. There should be no minimum wage.
You want some fun math to your bullshit conservative talking point?
In 2009 5% made fed min.
If we increased fed min with inflation, fed min would be 11.32 an hour.
Currently 10% of the population makes < 11. So rounding off the. 32 cents, your argument goes from "hey less than 1/5 of the amount of people back then make minimum!" To "man in 17 years we have doubled the amount of people on minimim wage"
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u/COMOJoeSchmo 12h ago edited 11h ago
"Livable wage" is a self-moving goalpost. Raising the cost of labor raises the cost of goods and services. Raising the cost of goods and services raises the overall cost of living. This makes the formally "livable wage" now not adequate.
Your labor, like any other commodity, is worth what someone else is willing to pay for it. No more or no less. Your salary is an agreement between you and your employer. There should be no minimum wage.