Actually, they are not overpaid. You are seriously underpaid.
Inflation has destroyed the value of our currency. That $15 per hour is the equivalent of $1.50 per hour in 1970. (Minimum wage in 1970). Except that in 1970, you could pay for a cheap apartment rent and part of your tuition for that semester in college from a part-time minimum wage job.
Can't really do that today.
How much do you think rent was in the 70’s?
It kills me when people tell me how easy it was in the 70’s.
It’s not a contest. If you are trying to succeed in raising a family in the 70’s or ‘20’s….you need more than minimum wage.
And less than 2% of the workforce is paid minimum wage.