this post was submitted on 30 Jul 2023
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Democrats want to make the minimum wage $17 an hour and give nearly 28 million workers a raise (www.businessinsider.com)
submitted 1 year ago by DeadWorld@lemm.ee to c/brainworms@lemm.ee
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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.

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[โ€“] ilikenoodlez@lemmy.ml 1 points 1 year ago (1 children)

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?

[โ€“] cooopsspace@infosec.pub 1 points 1 year ago

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.