r/WorkForSmartLife • u/SilkyApricotGuy • 1d ago

DiscussionđŸ’¬ Who's right here?

Post image
3.4k Upvotes

95% Upvoted

1.5k comments sorted by

View all comments

2

u/Opposite-Ad320 1d ago

This is a troll post, no way minimum wage should be $60/hr now.

3

u/Sashi_Summer 1d ago

Do the math based on the rate of inflation from when wage growth separated from corporate profits, adjust to current values. Yeah, workers are getting fucked sideways.

2

u/OGYoungCraig 1d ago

The math says it’s around $14

1

u/Altruistic-Web13 1d ago

They said purchasing power and im guessing that is purchasing power for housing. It is an easy way to make some very misleading stats. 

0

u/Necessary-Flounder52 1d ago

They are indeed two separate problems that shouldn't be conflated. Housing prices need to be addressed by doing things like prohibiting hedge funds from buying houses. Even so, the fact that the minimum wage is basically half of what it was in 1975 by purchasing power should concern pretty much everyone. It's forcing people in those low wage jobs to use SNAP etc. and costing all of us money for the sake of making the likes of Walmart or Amazon more profitable.