Something I’ve noticed. If you watch movies/TV from the 1970s and earlier, the characters will often use exact figures in dialog. Jim Rockford made $200 a day, plus expenses. By the 1980s, inflation was getting bad, so they didn’t do it as much, as something that was wildly expensive in the past was now reasonable. Remember the $5.00 milkshake from Pulp Fiction?
$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.
$36,500 was a great income in the 90’s. There are a lot of cities in California where that was a decent income just 5-10 years ago. L.A., San Diego, San Francisco, and the coastal areas are considerably more expensive than the rest of California.
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.
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.
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