/biz/ - Business & Finance

>>18689384
Production doubled over the last 40 years but wages have not doubled, even when adjusting for inflation. the average worker is getting paid half of what the should be
https://www.epi.org/productivity-pay-gap/

But let's forget productivity for a second. Let's talk strictly inflation. You said it yourself, minimum wage would be $8.74 if it stayed in line all these years. So why isn't it? Why is $1.49 less? With your numbers alone you've proven to me that minimum wage is now weaker than it was 60 years ago. So let's raise it. Like I said small business owners have had it good these last 11 years. Now it's the workers turn.

It's okay to admit things are harder for younger people. It doesn't mean they are lazy, or have a lack of drive. that's some boomer shit. I believe boomers have this mindset because a hard days work actually did pay off for them. Mow some lawns in the summer and pay off your college debt. Get an associates degree and you're upper middle class by friday. Anyone with a high school diploma and hankering to work at the factory can afford a house in just a few short years.

Look how far we've fallen. Minimum wage stagnation is a small symptom of a much larger problem. Just remember: it has to go up eventually.