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Minimum wage would be $26 an hour if it had grown in line with productivity
CBS News ^ | September 6, 2021 | By Aimee Picchi

Posted on 09/06/2021 6:21:50 AM PDT by Oldeconomybuyer

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To: Oldeconomybuyer

False, See B S news is fake news.

Such a minimum wage would’ve killed productivity.


101 posted on 09/06/2021 12:56:39 PM PDT by Recovering_Democrat
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To: Oldeconomybuyer

Rising productivity is the result of capital investments in new equipment. Workers don’t grow more productive over time without that investment.


102 posted on 09/06/2021 1:39:49 PM PDT by willfulknowledge
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To: Oldeconomybuyer

Hm, so the minimum wage *should* have gone to $26, up from $7.25, ok, that’s about a 360% increase.

Does this guy also think the Mickey D’s dollar menu should be the $4 menu?

Gasoline should cost $8-10 per gallon?

Limes should be a dollar each instead of 4/$1?

A sixpack of beer should cost $30-40? (Course, his Miller/Bud would still only be maybe $15.)

A crappy $500 apartment should be $1800 a month?

Gas and electric and water and internet and so on should be several hundred a month? Each, not total?

ETc

Etc

ETC

etc


103 posted on 09/06/2021 9:12:07 PM PDT by Svartalfiar
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To: Oldeconomybuyer

Read later.


104 posted on 09/07/2021 5:04:00 AM PDT by NetAddicted ( Just looking)
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