Submitted by SexyDoorDasherDude t3_109x4cp in dataisbeautiful
urgjotonlkec t1_j4149qf wrote
I live in NJ and don't see anyone offering less than $18/hr. Minimum wages across tge country have basically been rendered meaningless by inflation.
SexyDoorDasherDude OP t1_j414qgh wrote
I wouldnt call the entire economy meaningless.
urgjotonlkec t1_j415p1c wrote
What's that even supposed to mean? All I'm saying is that if the minimum wage is $10, but everyone I'd offering $15+ then the minimum wage law isn't relevant.
SexyDoorDasherDude OP t1_j415usp wrote
Because you are making an assumption what is being offered isn't based off the minimum wage.
LinCashew t1_j42f6i3 wrote
they aren't.
it's just a fact that companies are hiring people for higher salaries and minimum wage is lagging behind
SexyDoorDasherDude OP t1_j430fsk wrote
So you're saying if the minimum wage was zero wages would be increasing anyways?
LinCashew t1_j43c313 wrote
obviously, do you think if minimum wage was zero people would just work for free?
comapanies are going to pay as little as they can for the service, they have no reason to pay more just to be exactly 2x minimum wage.
SexyDoorDasherDude OP t1_j4452ol wrote
Is that a yes or a no?
LinCashew t1_j445g35 wrote
POV: you don't know what "obviously" means nor read what people say in a discussion
SexyDoorDasherDude OP t1_j44778f wrote
Ok so what are other labor rights do you want to rip apart?
LinCashew t1_j447zys wrote
POV: you jump into conclusions and think people want to end labor rights just because they explain basic economics to you
They should INCREASE minimum wage because it is lagging behind
jmlinden7 t1_j46iu5o wrote
Minimum wage isn't the entire economy, it's like 1% of the economy. That's basically meaningless
SexyDoorDasherDude OP t1_j46jzcn wrote
"ITS LIKE 1% OMG!!!" -what people with a PHD In Economics say
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