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
The result: It's now worth 41% less today than it was in *1968*.
@rbreich but but but if you increase minimum wage, rampant inflation will take hold. What inflation is already rampant? Oh well too many people are employed so lets fire them to get it under control but don't stop buying more of our crap. What so many people trying to collect unemployment benefits? They are just lazy, force them to back to work.
How was this sort of illogical system ever allowed to become the primary economic system, that only benefits corporations, elites & their stooges?
Robert Reich
HTPC NZ