Inflation isn’t that much on its own. It would be about $10 per hour according to the inflation calculator, but inflation calculators also don’t take CoL changes which have skyrocketed.
I don’t know what math they used to get the $25 number, but inflation might be baked into it anyways. No way 1000% on top of $25 would be realistic is any way.
The CPI does not accurately reflect how worthless our money has become, in my opinion. I’m unemployed now, but when I was making 140k USD/year a couple months ago it felt to me like that minimum wage should be about there. It’s enough to feel comfortable and safe, without much luxury. This ought to be considered the absolute bare minimum quality of life for full time workers and their dependents in the world’s wealthiest nation.
https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1.15&year1=196101&year2=202111
Inflation isn’t that much on its own. It would be about $10 per hour according to the inflation calculator, but inflation calculators also don’t take CoL changes which have skyrocketed.
I don’t know what math they used to get the $25 number, but inflation might be baked into it anyways. No way 1000% on top of $25 would be realistic is any way.
The CPI does not accurately reflect how worthless our money has become, in my opinion. I’m unemployed now, but when I was making 140k USD/year a couple months ago it felt to me like that minimum wage should be about there. It’s enough to feel comfortable and safe, without much luxury. This ought to be considered the absolute bare minimum quality of life for full time workers and their dependents in the world’s wealthiest nation.