BrainWorms

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This is a place where I post interesting things that I find and cant categorize into one of the main subs I follow. Enjoy a front seat as i descend into madness

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Minimum wage would be $26 an hour if it had grown in line with productivity (www.cbsnews.com)

submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] 6 points 10 months ago (1 children)

https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1.15&year1=196101&year2=202111

Inflation isn't that much on its own. It would be about $10 per hour according to the inflation calculator, but inflation calculators also don't take CoL changes which have skyrocketed.

I don't know what math they used to get the $25 number, but inflation might be baked into it anyways. No way 1000% on top of $25 would be realistic is any way.