Democrats want to make the minimum wage $17 an hour and give nearly 28 million workers a raise
Democrats want to make the minimum wage $17 an hour and give nearly 28 million workers a raise
Sen. Bernie Sanders is once again calling for a higher federal minimum wage. The current rate has been $7.25 since 2009.
cross-posted from: https://infosec.pub/post/916523
Sen. Bernie Sanders is once again calling for a higher federal minimum wage. The current rate has been $7.25 since 2009.
You're viewing a single thread.
Something I don't understand is why is a specific number tied to the minimum wage. Is there not a legitimate mathematical way to calculate "minimum wage" depending on where you live and your local economy?
5 0 ReplyIt's not hard, governments index shit all the time. In Australia my university debt is indexed to the inflation rate.
Okay, but why not set the minimum wage to a thriving wage - and then index it with inflation year on year.
5 0 ReplyIn Europe it is almost always tied to the inflation number and automatically updated every year.
3 0 ReplyIt varies wildly between countries in Europe. There are initiatives to have some sort of common baseline though.
2 0 Reply