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Glenn Fleishman (glennf@twit.social)'s status on Thursday, 25-Jul-2024 07:34:37 JST Glenn Fleishman

In 2009, $7.25 had the buying power of $10.75. So the minimum wage is worth 35% less now. But even $10.75 an hour as a federal minimum wage is too low today. Two people working full time would make $43,000 (with two weeks each of unpaid vacation). Whatever new wage is set, it has to be indexed to the CPI.
https://masto.ai/@rbreich/112843731945772354
In conversation about a year ago from twit.social permalink
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  Robert Reich (@rbreich@masto.ai)
  
  from Robert Reich
  
  Federal minimum wage in: 2009: $7.25 2010: $7.25 2011: $7.25 2012: $7.25 2013: $7.25 2014: $7.25 2015: $7.25 2016: $7.25 2017: $7.25 2018: $7.25 2019: $7.25 2020: $7.25 2021: $7.25 2022: $7.25 2023: $7.25 2024: $7.25 Folks, it's time to raise the damn wage already.

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