this post was submitted on 14 Feb 2024
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oh please, the poor aren't going to magically discover assets they're just going to buy slightly more expensive shit from the people already selling them shit.
So the current situation is to do nothing at all. Every year you actually make less money simply due to inflation. Until recently, if you weren't getting a 2-3% raise each year you were losing money.
These last few years, base inflation has been 5-7% and that doesn't even include the price gouging companies have been doing while letting the media blame everything on inflation alone.
So the current solution is to leave minimum wages at the rate set in...checks notes... 2009, 15 years ago. While many states have their own minimums, many still do not and the federal minimum is the only minimum in those states.