MonsiuerPatEBrown@reddthat.com to Today I Learned@lemmy.world · 1 year agoTIL Minimum wage has only increased by $7.00 in 85 years in the USA.message-squaremessage-square76fedilinkarrow-up1267arrow-down114file-text
arrow-up1253arrow-down1message-squareTIL Minimum wage has only increased by $7.00 in 85 years in the USA.MonsiuerPatEBrown@reddthat.com to Today I Learned@lemmy.world · 1 year agomessage-square76fedilinkfile-text
minus-squareevo@sh.itjust.workslinkfedilinkEnglisharrow-up1arrow-down1·1 year agoCould be worse. 25 cents in 1938 is still only worth $5.44 today.
minus-squareBjornir@programming.devlinkfedilinkEnglisharrow-up1·1 year ago2 dollars of progress for 85 years… How much has productivity risen during that time?
minus-squareAux@lemmy.worldlinkfedilinkEnglisharrow-up0arrow-down1·1 year agoPeople working for minimal wage don’t produce more value. Considering advancements in mechanisation and automation over these years, their productivity has actually decreased.
Could be worse. 25 cents in 1938 is still only worth $5.44 today.
2 dollars of progress for 85 years… How much has productivity risen during that time?
People working for minimal wage don’t produce more value. Considering advancements in mechanisation and automation over these years, their productivity has actually decreased.