When the Federal Reserve began in 1913, the average wage was 25 cents an hour. To match real inflation today, that wage would need to be about 250 dollars an hour.
They stole 90% of our money.
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as little as ~$14.50 hr and as much as ~$89/hr depending on which method is used remember when taken off the gold standard was when the inflation really began and that did not happen until Nixon
Should there even be a minimum wage? Is that constitutional?
Whether there should or shouldn’t be (functionally, lawfully there definitely shouldn’t be one), any leftist should shut up immediately when it’s pointed out that the minimum wage was $68 an hour in 1965.
“But it was only $1.25!”
“Yes, and you’re a retard who doesn’t know the current price of silver.”
“What’s that got to do with anything?”
“When retards and criminals make your laws, you end up with what we have.”
So basically minimum wage right now is way lower than it even was in 1965 because inflation is so bad already. Kek.
Pretty much.
It’s not that the minimum wage is too low now, it’s that it was always designed to be able to lower people baseline.
Darq described the method perfectly above.
great in theory but terrible in execution. i do not have the answer so instead watch this relevant video: https://youtu.be/AtjTRTKHDjg