US #LABORDAY: The #MinimumWage at Age 85

https://consortiumnews.com/2023/09/03/us-labor-day-the-minimum-wage-at-age-85/
Without any mechanisms to adjust for #risingprices, the real value of the #federalminimumwage hit a 66-year low in 2023, say the authors. It’s now worth 42 percent less than its highest point in 1968.

Whoa there @GeorgeWill, your #TimePrice calculations are wildly inaccurate. Who needs hammers and bikes when basic necessities are so pricy.
A weeks worth of food, 15 lbs of bacon in 1901 was $1.50, which using back calculations from the article would be roughly 12 hrs. (#Source https://foodtimeline.org/cummings.pdf)
Today's #TimePrice for the same amount of Bacon would be almost 16 hours at #FederalMinimumWage. (#Source www.foodline.com Oscar Myer Bacon 1lb package $7.49)

@Radical_EgoCom Also openly admitting widespread wage theft, if you don't make $7.25/ht in wages + tips, the restaurant is supposed to pay you the difference. #FederalMinimumWage #WageTheft

74 Percent of Voters Support Raising Federal Minimum Wage to $20 an Hour

https://truthout.org/articles/74-percent-of-voters-support-raising-federal-minimum-wage-to-20-an-hour/

#Truthout #MinimumWageIncrease #FederalMinimumWage #LivingWage #EconomicJustice #WorkerRights #Politics #News

@rbreich This is so shameful. #FederalMinimumWage