They're willing to give it a shot!
Posted on 09/04/2024 6:17:46 PM PDT by E. Pluribus Unum
They're willing to give it a shot!
No one is expected to “live” on $1,160 a month.
This is an entry wage for very young, beginning workers. That’s it.
“Just the opposite, it’s time to pay federal workers $7.25 an hour. And no benefits for the first five years.”
That gets my vote ... !!
Also I support term limits (8yrs?) for FedGov employees that are E4(?) and higher. Serve your country and then go get a real job.
Implicit in your assumption is the fact that people in an area with a high cost of living will accept a job at the minimum allowable.
The fact is, the market controls the wage level.
Sorry, but that’s just nonsense, see post 33.
Food was a lot cheaper back when the minimum wage was much higher relatively speaking.
Todays minimum wage has maybe 60% of the buying power minimum wage had in 1971, and about 30% less buying power than it did in 1987.
Even fast food pricing shows this.... in 1987 a Big Mac cost 1.60 with minimum wage being 3.35 or about 47% of 1 hours worth of pay.
today its 5.29 with minimum wage at 7.25 or just shy of 73% of an hours worth of pay.
Minimum wage purchasing power is around 60% of what it was in 1971 and about 78% of what it was in 1987.
See post 33.
Some markets may require higher to get employees that the fed minimum wage, but its inexcuable that the min wage today is roughly 60% of what it was in 1971 and 78% of what it was in 1987.
Just treat minimum wage like SS.. tie it to inflation, automatically adjust it annually and be done with this nonsense every election year.
I guess I should have used the /sarc tag.....
Correct - in my area the effective minimum wage is already $18/hour. $20+ for people who are actually employable.
The Federal minimum wage may be operative in certain small areas, but anywhere the economy is still functioning it is an afterthought. The pressure to raise it comes from unions, who all have contracts tied to it and want instant raises (and more dues coming in, allowing bigger contributions to a certain political party) for their members.
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