$7.25 in 2009 is worth $10.62 today.
$4.95 in 2009 is worth $7.25 today.
In effect, the value of federal minimum wage has decreased by 31% in the last 15 years, since a dollar today only buys 69% of what it did in 2009, on average (as defined by the consumer price index)
I do wonder if trying for $15 is just asking too much. Maybe a compromise at $10.62 to restore what it used to be, is all we can hope for at the moment.
Maybe it’s the old parable about leading a horse to water …… minimum wage earners in my state already make at least $15/hr. If people in flyover states keep voting against their own best interests, who am I to fight that?
$7.25 in 2009 is worth $10.62 today. $4.95 in 2009 is worth $7.25 today.
In effect, the value of federal minimum wage has decreased by 31% in the last 15 years, since a dollar today only buys 69% of what it did in 2009, on average (as defined by the consumer price index)
I do wonder if trying for $15 is just asking too much. Maybe a compromise at $10.62 to restore what it used to be, is all we can hope for at the moment.
Coward.
Maybe it’s the old parable about leading a horse to water …… minimum wage earners in my state already make at least $15/hr. If people in flyover states keep voting against their own best interests, who am I to fight that?
If you could buy 69 for a dollar Id know about it.