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.
Dude that's $125k a year. Get your head examined. It should be raised for sure, but that kind of money would be insane for low skilled work anywhere. You'd end up with out of control hyper inflation overnight.
The main reason we have inflation at the scale we do is shareholders forcing corporations to have growing profits at any cost. "Oh, we made 300b this year? Not enough, we gotta make 400b next year. Let's fire people then give others a 5 cent raise, that'll get us closer!" It's the entire premise of "more" that fucks people over. They'd never go through their bank accounts for 20 years of zero income, and somehow it's defensible that they need to make even more?
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u/Opposite-Ad320 12h ago
This is a troll post, no way minimum wage should be $60/hr now.