$36,500 per year was a decent income just a few years ago. They really need to do something about the price increases, not just continue raising minimum wage, or the American middle class is going to vanish. It’s already in steep decline and the out of control price increases impact every working American. Continuing to raise minimum wage without implementing any pricing regulations will fuel hyperinflation when the companies just immediately raise their prices to account for the additional expense. We’re going to be left with a country with nothing but extreme wealth disparity, moreso than we have already. People need to be able to afford to live if they’re working full time. This current strategy is not working, and it’s harming everyone. There is no free market when like 5 companies control everything. They’re free to price gouge as much as they want. People can’t just stop buying food, or paying for a place to live. We need a better solution.
California’s minimum wage isn’t enough to keep up with workers’ costs of living, new report says
Submitted 9 months ago by return2ozma@lemmy.world to workreform@lemmy.world
https://calmatters.org/california-divide/2024/03/california-minimum-wage-3/
Comments
Anticorp@lemmy.world 9 months ago
baritone_edge@lemmy.ml 9 months ago
[deleted]XTL@sopuli.xyz 9 months ago
5 minutes of anything from some random Joe is not something you can base politics. Reports are things you can use for backing many kinds of things.
Tolookah@discuss.tchncs.de 9 months ago
They should tie minimum wage to their representative’s salary.
InternetCitizen2@lemmy.world 9 months ago
While the idea is nice because it seeks to tie the representative’s success to ours; too many elected officials are independently wealthy from their public salaries.
roofuskit@lemmy.world 9 months ago
In some states being a state rep isn’t paid well or is only a few weeks of work a year. But I would love a law that makes the Fed minimum wage no less than half a house rep salary.
isles@lemmy.world 9 months ago
Perhaps tied to CPI?