Conversation

Notices

1. Embed this notice
   Moffin'tosh (moffintosh@berserker.town)'s status on Wednesday, 18-Oct-2023 20:20:03 JST Moffin'tosh

   Minimum wage would be $26 an hour if it had grown in line with productivity - CBS News (2021)
   https://www.cbsnews.com/news/minimum-wage-26-dollars-economy-productivity

   • Embed this notice
     iced depresso (icedquinn@blob.cat)'s status on Wednesday, 18-Oct-2023 20:20:02 JST iced depresso

     in reply to
     @moffintosh 50$ an hour if you track the amount of print & spend the fed has done
   • Embed this notice
     iced depresso (icedquinn@blob.cat)'s status on Wednesday, 18-Oct-2023 20:22:34 JST iced depresso

     in reply to

     • iced depresso
     @moffintosh i looked in to it once and there was like a 30-40 year timespan or something where US inflation was negligible. then they doubled the entire currency supply, and then about two presidents later started doubling it again every president or something. meanwhile minimum wage hasn't changed on paper and the financiers issue mega copes about how "akshually quadrupling the currency supply isn't stealing from the public because..."
     
     its baffling how much money boomers made when you factor in how much they've stolen via the reserve