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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Minimum wage is simply the lowest full time salary a company can legally get away with paying. Nothing more, nothing less.
I'm primarily talking about large corporations that make millions and billions, yet claim they can't afford to pay more than minimum wage.
I've worked for a number of different companies since I was a teenager and first got a job. Without a doubt, the cheapest motherfuckers on the planet with the most squalid working conditions are the biggest companies I've worked for. I think part of the key to being a top corporation is being stingy as fuck.
Saving $50 per employee when you have 5 employees is $250. It's nice, but not a game changer. 50 employees: $2,500, 500 employees: $25,000. When you have more employees squeezing pennies out of your workers becomes a relevant boon to the company.
Weirdly that's been the opposite of my experience, got paid a lot(in local terms) for doing barely anything in an internship. Paid not well for a small business where I knew the owners, but I know why, which is that they basically recruited people who wouldn't bother negotiating.
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You don’t get rich without exploiting the labour of others*
Can you name one? I don't know a single person who actually makes minimum wage. Legit question.
I'm kind of shocked at this, you must be really wealthy and/or out of touch. I make minimum wage at my current job which is 13.65 an hour in the state of Colorado. I make less now than I ever have before at any other job and I spent thousands on a technical degree. Many people all over the country only make minimum wage. Bartenders and jobs like that come to mind, they are often paid $2 or less an hour with "tips" that add up to minimum wage.
Not wealthy nor in a wealthy area but I live in a pretty densely populated state so I just don't see it. Even convenience store jobs pay $18-20/hr here.
I've been working since 14 and that may have been the only year I made the minimum wage too. I don't generally look at this sort of data so thank you for sharing your anecdotes!
Just means you're not poor. I know loads, and they're all in the poorest part of the country.
Dollar General, McDonald's, Krogers, 7-11 just to name a few that you'd recognize. Used to be Walmart but they upped pay a couple of years ago.
yup, I made minimum wage at a Krogers back in 2010 and the folks working there now are making the same $7.25 I was back then.
Maybe it's a regional thing then, those types of jobs in my area all earn more than the federal minimum wage and even the stage minimum which is $15/hr now.
That said, aside from DG, those other companies are franchise operations. Still, thank you for honestly answering and not just resorting to name calling.
Well I mean of course. Wages are lower in low cost of living areas. In the poorest areas, wages are lowest
Understandable, I was mainly curious about the "large corporations" but it seems there are a few good examples provided. Thanks!
Np
I no longer work there but in the last year I worked for a "leading global source for education materials" according to Forbes, worth 2.8 billion and I was paid minimum wage as a retail employee.
Yikes, hope things are better now! Thanks for sharing!