@[email protected] to Today I [email protected] • 2 years agoTIL Minimum wage has only increased by $7.00 in 85 years in the USA.message-square232fedilinkarrow-up11.24K
arrow-up11.24Kmessage-squareTIL Minimum wage has only increased by $7.00 in 85 years in the USA.@[email protected] to Today I [email protected] • 2 years agomessage-square232fedilink
minus-square@[email protected]linkfedilinkEnglish83•2 years agoThere 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.
minus-square@[email protected]linkfedilinkEnglish10•edit-22 years ago7.25 / 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)
minus-square@[email protected]linkfedilinkEnglish4•2 years agoIf it isnt tied to inflation then it is meaningless.
minus-square@[email protected]linkfedilinkEnglish14•2 years agoWow! That’s almost as much as a CEO increases in 3 months!
minus-square@[email protected]linkfedilinkEnglish85•2 years agoMeanwhile the cost of living has increased 2077% in 85 years.
minus-square@[email protected]linkfedilinkEnglish1•2 years agothat actually makes it worse because housework still needs to be done.
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.
deleted by creator
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)
If it isnt tied to inflation then it is meaningless.
Thanks for making me chuckle.
Wow! That’s almost as much as a CEO increases in 3 months!
Meanwhile the cost of living has increased 2077% in 85 years.
deleted by creator
that actually makes it worse because housework still needs to be done.
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