Hey, tard - wages aren’t keeping up inflation - bread is 5 dollars a loaf, gas is 4.50 a gallon - there’s 50 million on food stamps and 30 million out of work - yeah, everything’s so freaking good
A strong economy does not NEED a minimum wage - employers would be bidding so hard for employees, that starting wages would EXCEED the minimum wage.
Wages are a measure of the employee’s relative worth in terms of productivity. If the employee is producing substantially more than the cost of maintaining his job slot on the organizational chart, then that employee is almost assured of unlimited retention. Wages are only a part of the cost of keeping a slot open. The rest is largely a matter of fixed costs (space and equipment to be devoted to that position), and the relative variable costs of the materials and services that go into making the work product.