Comment on Opinion: Increasing the minimum wage comes at too high a price for workers | CNN
realcaseyrollins@noauthority.social 1 month ago@Bongo_Stryker @wintermute_oregon Well this is interesting...that net productivity you cited is far below the rate of inflation over the same time period, which is 256.49%.
You'd think this would hurt companies, but naturally it hurts the people at the bottom most.
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realcaseyrollins@noauthority.social 1 month ago
@Bongo_Stryker @wintermute_oregon I also calculated the numbers, the companies are actually slightly disproportionately disadvantaged. Productivity over that time period for companies was 24.9% of the rate of inflation, while hourly pay rose by 28.3% of that productivity. Not even a massive difference TBH. It doesn't seem as unfair as it sounds at first glance.
breadsmasher@lemmy.world 1 month ago
Ah yes. The classic “i ran the numbers far better than any financial analyst”