cross-posted from: https://infosec.pub/post/916523
Sen. Bernie Sanders is once again calling for a higher federal minimum wage. The current rate has been $7.25 since 2009.
cross-posted from: https://infosec.pub/post/916523
Sen. Bernie Sanders is once again calling for a higher federal minimum wage. The current rate has been $7.25 since 2009.
Something I don’t understand is why is a specific number tied to the minimum wage. Is there not a legitimate mathematical way to calculate “minimum wage” depending on where you live and your local economy?
It’s not hard, governments index shit all the time. In Australia my university debt is indexed to the inflation rate.
Okay, but why not set the minimum wage to a thriving wage - and then index it with inflation year on year.
In Europe it is almost always tied to the inflation number and automatically updated every year.
It varies wildly between countries in Europe. There are initiatives to have some sort of common baseline though.