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

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[–] 37 points 3 years ago* (13 children)

Federal min wage, many state minimum wages are more than that

https://www.dol.gov/agencies/whd/minimum-wage/state

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  • [+] 43 points 3 years ago* (last edited 2 years ago) (6 children)
  • [–] 8 points 3 years ago (4 children)

    While I am very pro-minimum wage, it does need to be more regionally based than nationally. The minimum required to get by in LA, New York, and so forth is going to be different than some podunk middle of no where towns in rural America.

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  • [+] 2 points 3 years ago* (last edited 2 years ago) (2 children)
  • [–] 5 points 3 years ago

    Completely removing money is forever impossible, as long as we are here. Some people will always be trading. It's just our human nature, and money is very useful for trading. That means, even if the state of any country discontinues their fiat currency, the trading people that were agreeing upon using that currency, will just switch to any other fiat currency still in existence, or any crypto currency, or gold or whatever else they agree upon.

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  • [–] 7 points 3 years ago (4 children)

    And many municipalities even higher than many of those high state minimum wages.

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  • [–] 14 points 3 years ago (3 children)

    Then you have NC. NC's state gov does everything it can to restrict local govs. It is even banning cities from regulating single use plastic bags.

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  • [–] 4 points 3 years ago

    Then you get Texas. We've got a law that just went into effect that basically takes away huge swaths of law making powers from the cities. They have made no attempt to hide that it was entirely for the benefit of businesses at the expense of locals and their desires.

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  • [–] -1 points 3 years ago

    Additionally just because that is the minimum wage doesn't mean people are getting payed that. I live in a state where we just used the fed minimum, and see McDonald's advertising $17/hr. That's still a pretty humble rate but the labor market dictates wages not the government.

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