Loading ...Everybody should demand that the Minimum wage simply keep up inflation, the way things were done before 1970. After which tptb stopped that. So now everybody wants affordable homes, affordable medical insurance etc etc. How about affordable jobs instead?
The whole nation gradually got bankrupted after 1970, too many imports, not enough business profits all leading to lower than needed wages hence the US gov’t can’t bring in enough income to pay its bills and keeps using its credit line which is around $34 trillion.
I had this argument with a friend, that was complaining about for example the “big money” Cops and Teachers make about $175k a year. I told him, they are in unions and simply making what they need to live after taxes. do you want them to make less like everyone else? By the way, when we were just starting out, we made the same money in machine shops and factories as cops and teachers.
I knew back around 1974, we were going downhill economically, and I knew, that if the minimum wage did not keep up with inflation, there would be problems in the future, and now we are in that future.
My grandfather unskilled labor had eight kids and his wife did not work. My fater had five kids and wife didn’t work. I had two kids and wife didn’t work. Add it up, how much would a person need today, to have eight kids and your wife not working. If you make $200,000 today maybe take home $175,000? Thats about $3365 a week, that means you could afford $3365 a month for rent.