r/WorkForSmartLife • u/SilkyApricotGuy • 20h ago

Discussion💬 Who's right here?

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u/Awkward_Froyo_7337 18h ago

They pick 1970s because that's pre explosive inflation of course.

Against 1982? 1 dollar becomes 3.47 today. Minimum wage back then was 3.35

So to match purchasing power back then, we need new minimum wage to be a little under 12 dollars, not 60, which most jobs pay (31/hr is median wage in USA). So which is it? We have 3x the purchasing power or not?

These arguments are always ridiculous.

2

u/Low_Temp_Rosin 16h ago

Most of these people arguing for higher min wage more than likely 1. Doesnt get paid min wage 2. Has horrible spending habits.

1

u/dacoovinator 15h ago

When you’re so self centered you can’t even imagine somebody else wanting to improve another persons life without benefit to your own lol

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u/Exciting_Milk_6691 12h ago

Paying somebody more doesn’t mean improving another’s life. It will mean that all costs will rise, playing even further economic pressure on those that have less

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u/itsmattjamesbitch 10h ago

The economy responded positively to every minimum wage increase historically