Quote:
Originally Posted by OrangeBlossomBaby
Once upon a time, minimum wage at a full time job could actually get basic expenses covered in most parts of the country. Food, shelter, transportation to your job. That's what it was designed to do, that was its function. That is no longer true. Minimum wage didn't keep up with inflation. Inflation isn't caused by an increase in minimum wage. Were that the case, the *federal* minimum wage would be well over $12/hour. Instead, it's still $7.25/hour. There are still some states that only require $7.25/hour minimum wage, and many jobs that still only pay $7.25/hour minimum wage.
That is not the cause of inflation. It is a symptom of inflation.
|
In the US Historically minimum wages and, in general, workers' wages have been able to be held LOW compared to Europe by historically creating schisms between the 2 major groups of workers (Blacks and Caucasians) for the purpose of discouraging Unionization and thus keeping wages lower than otherwise.......pretty cleaver of the cabal of large employers.