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this post was submitted on 04 May 2024
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A Boring Dystopia
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Minimum wage in 1938: 25¢/hour.
Minimum wage in 2024: $7.25/hour.
In 86 years the US federal minimum wage has gone up seven dollars.
Inflation adjusted, that's $5.54 vs $7.25. That's a 30% increase, on top of triple or quadruple digit increases in every expense...
What is even crazier is that while the minimum is not tied to inflation the amount one may donate to political parties is tied to inflation.
Huh.