this post was submitted on 04 May 2024
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A Boring Dystopia

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[–] TheReturnOfPEB@reddthat.com 12 points 2 months ago* (last edited 2 months ago) (1 children)

Minimum wage in 1938: 25¢/hour.

Minimum wage in 2024: $7.25/hour.

In 86 years the US federal minimum wage has gone up seven dollars.

[–] idealotus@lemmy.world 14 points 2 months ago (1 children)

Inflation adjusted, that's $5.54 vs $7.25. That's a 30% increase, on top of triple or quadruple digit increases in every expense...

[–] TheReturnOfPEB@reddthat.com 15 points 2 months ago

What is even crazier is that while the minimum is not tied to inflation the amount one may donate to political parties is tied to inflation.

Huh.