this post was submitted on 23 Sep 2024
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[–] damnedfurry@lemmy.world 2 points 3 days ago* (last edited 3 days ago)

Minimum wage means minimum livable wage

Whether you think that ought to be the case is a separate matter, but as it is, it does not mean that, nor has it ever meant that (in the US at least), for as long as minimum wage existed.

Sure, you can find a quote or two from politicians back then saying otherwise, but as far as what actually passed as law, it's never been. Obviously after adjusting for inflation, the highest the minimum wage has ever been is $12.34, in 1968, and that was fleeting.

Just mentioning since most people don't seem to realize this is the case, and I've even seen a lot of people think the minimum wage was (relatively) much higher back in the post WWII years when things were very prosperous for the US. Fact is, in all those anecdotes about 'He raised a family of four on a single income from this random job', said job was paying WAY more than the minimum wage of the time.

Making the minimum wage $15 or more now is talked about like it brings things more in line with how they used to be, but in truth it would be an unprecedented new highest minimum wage ever (after adjusting for inflation, and yes, I do have to keep mentioning that, in my experience) even if we went 'only' to $15. Not saying that's bad or good, but it's important to be accurate about what is actually being proposed--if you're advocating for this and someone asks you 'why should it be raised to $15', the answer should not involve talk about how we're just trying to bring it back in alignment with where it used to be, relatively, because that's simply not true.