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| Topic | "In 1935, the minimum hourly wage in the U.S. was set at 25¢. |
| NatsuSama 01/27/21 9:51:59 PM #68: | @Balrog0 How is it devalued? They are making more money. It might be true that people are resentful, but explain how they're actually harmed.No, you are either ignorant to the math or just don't care about people already making over the fed minimum wage. What you are saying is literally objectively false and vastly over simplifies the wage increase of anyone already making over the federal minimum wage. Proportional math is literally a thing. Just because 2 people see a $5 raise doesnt mean the raise was equal to their overall salaries proportionally. I'll use a dividend of 5 to keep this simple. Let's pretend min wage was $5, and the law raised it to $10. So let me be clear, the federal minimum wage in this scenario raised by 100%. Person X formerly made $5/hour, thanks to the wage increase, they now make $10/hour. Their wage was increased 100%. Person Z already made $10/hour. They already made 100% above minimum wage. So when federal min was raised to $10/hour, they had to rely on their employer to make sure they still made 100% above minimum wage which SHOULD be $20/hour. The employer instead raises their wage to $15/hour. Person Z saw a 50% increase in their wage. This is basic math, person Z's job was devalued by 50%. Instead of being paid 100% above minimum wage like before, they are now paid 50% above minimum wage. Meaning their salary loss market value, not gained. --- WAAAH, I CAN'T BEAT THIS GUY WITH HIS TACTICS, I'M GONNA CALL IT SPAM AND CONDEMN HIM FOR USING IT ... Copied to Clipboard! |
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