TIL Minimum wage has only increased by $7.00 in 85 years in the USA.
TIL Minimum wage has only increased by $7.00 in 85 years in the USA.
Upon inception it was set at $0.25. It is now $7.25.
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220 comments
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There are lies, damn lies, and then there's statistics.
Im not here to say the minimum wage doesnt need to be raised, because it does, but another way of putting that is
"The minimim wage has increased 1500% in 85 years."
That sounds a lot better even though its the same thing.
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Meanwhile the cost of living has increased 2077% in 85 years.
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CYBERPUNK REFERENCE??!??!
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that actually makes it worse because housework still needs to be done.
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7.25 / 0.25 is indeed 29, therefore a 2800% increase is correct.
Thus, another dishonest way of stating this number is that it has increased almost 33% for each year since it was first implemented. (Not per year)
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Thanks for making me chuckle.
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220 comments