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Please set a link for 6% of workers and average increase less than .80/hour. Thank you.
It's math on the 6%. 9.9 million workers on minimum wage vs. 162 million total employed. 9.9/162 = ~6
Also, you can simply google "state minimum wage increases 2024" and find a plethora of websites with tables showing how much each state is raising them, then do the math yourself. It actually came out to about $0.78 on average across the ~22 states raising them minimum wage (and keep in mind some 28 are not raising it).
According the the current administration and the Fed, inflation is back down to 2-3% right now and they have declared mission accomplished.
Yes, but prices are still well above what they were a few years ago. How is that helping those working with stagnant wages for the past decade or more?
It's math on the 6%. 9.9 million workers on minimum wage vs. 162 million total employed. 9.9/162 = ~6
Also, you can simply google "state minimum wage increases 2024" and find a plethora of websites with tables showing how much each state is raising them, then do the math yourself. It actually came out to about $0.78 on average across the ~22 states raising them minimum wage (and keep in mind some 28 are not raising it).
Why would you think that minimum wage increases affect only 6% of the workforce? As soon as you increase the minimum wage, you've narrowed or perhaps totally eliminated the wage gap between the minimum wage worker and the employees making just a little bit more. This will result in demands for wage increases for this group of workers.
Then, when this second group of workers gets their increase, it will result in the third level group demanding more money, etc. etc. etc all the way to top management. Anyone who thinks that a minimum wage increase affects only 6% of the workforce doesn't understand anything about people or wage structure in the US.
This is what I call “fixing what isn’t broken.†Instead of fixing the causes of inflation, just pay everyone more money. Next year, you can do it again.
Government entities are really good at this. They keep kicking the can down the road by hiring a consulting firm to study a problem, or passing a law to ban gas stoves or pizza ovens….etc.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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Here in Washington where it's going to be the highest in the USA at $16.28 make little difference. Fast food, retail, and other unskilled jobs are already paying $18-25/hour. It's the good-old supply and demand, no one will work for less than that. Employers just offer more pay and then pass it on to the consumers.
Yes, but prices are still well above what they were a few years ago. How is that helping those working with stagnant wages for the past decade or more?
Wages are quite a bit higher too, despite the fact some here are claiming they are stagnant. Some individuals or jobs may have stagnant wages. Its not true of the economy as a whole.
Yes, but prices are still well above what they were a few years ago. How is that helping those working with stagnant wages for the past decade or more?
If someone has been earning minimum wage for the past 10+ years, it is their problem for doing the bare minimum. That's what minimum wage means.
they just raised fast food delivery drivers to 30 an hour here in nyc .
the result is there is no more tip box when you order and menu prices jumped drastically so many stopped ordering from door dash and the other services
we compared prices on an order and if we picked up instead of using door dash it was 25% cheaper on the menu items
Amazing how no one holds the government liable for debauching the money token system.
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