Upon inception it was set at $0.25. It is now $7.25.

  • trailing9@lemmy.ml
    link
    fedilink
    English
    arrow-up
    0
    ·
    edit-2
    1 year ago

    Do you remember that wages rose when unemployment was low?

    Why is there a need for minimum wage?

    Edit: downvoters, what do you want? A high minimum wage job while many are unemployed? Why focus on minimum wage when you can have low unemployment and decent wages for everybody at the same time by reducing unemployment?

          • trailing9@lemmy.ml
            link
            fedilink
            English
            arrow-up
            0
            ·
            1 year ago

            Because I am not convinced by their arguments. It makes sense if you accept a minimum of unemployed people. But why should society settle for that? Employ everybody and find another way to prevent wages from rising too high.

            • idiomaddict@feddit.de
              link
              fedilink
              English
              arrow-up
              0
              ·
              1 year ago

              But the workers don’t currently have either- lowering or removing the minimum wage might reduce the unemployment rate, but those jobs are not going to be paid at a livable rate. Currently more theft is wage theft committed by companies against workers, they’re already using the power they have against workers. There’s already a clear divide between union and nonunion blue collar benefits and wages: if there were a textbook play of economic principles, all nonunion blue collar employees would quit and join union companies or form their own.

              • trailing9@lemmy.ml
                link
                fedilink
                English
                arrow-up
                0
                ·
                1 year ago

                Having neither, it’s the same as the saying about liberty and security. If you don’t seek employment for all then you won’t get minimum wage.

                Let the people decide what a livable wage is. A bad job is better than no job. They can still refuse to work.

                Of course, without new ideas, things don’t change. Not the workers but the companies need a reason for full employment.

                • idiomaddict@feddit.de
                  link
                  fedilink
                  English
                  arrow-up
                  1
                  ·
                  1 year ago

                  Let the people decide what a livable wage is. A bad job is better than no job. They can still refuse to work.

                  The people have a gun to their head. If they’re not eligible for unemployment because a $3/hour job is available, they’ll take it not to starve to death. That doesn’t make it a free or advantageous choice.