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

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[–] -1 points 2 years ago (2 children)

Do you have a source on that nationally? Because that is very very high in many areas.

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  • [–] 4 points 2 years ago* (last edited 2 years ago) (1 child)

    Well,

    These sources disagree among themselves if the right number is $21.45 or $26 or $20, they seem to base their analysis on productivity or inflation

    Yeah, these numbers sound like a lot in some places, but those places where it 'sounds like a lot' tend to be really fucking poorer than necessary. It would hurt them not at all to have the minimum keep up with where it was in 1968 instead of being the output of both major parties in congress agreeing to fuck the working poor

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  • [–] 1 point 2 years ago

    Oh I see my confusion now I thought you were saying PPP against inflation, rather than PPP against productivity. But my point about nationally is that PPP differs based on area a lot, especially in housing. I don't think comparing to productivity is fair because a lot of the money going to labor from US companies is going to offshoring or into automating jobs away.

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