GM and others shutting down production.
Just heard the GM part on tv news, looked HERE and found out it's hitting the others as well. Trucks seem to be getting the hardest knocks. Our little Chevy dealer here only has 4 new vehicles on ...
Forum Discussion
spoon059 wrote:rlw999 wrote:
A $15 minimum wage only sounds expensive because minimum wage hasn't kept up with inflation...
Not just minimum wage, ALL wages haven't kept up. When you double the minimum wage and keep my wage stagnant, it punishes me. Then the typical answer is that *I* should be paid more. I work for the government, are you going to be willing to pay more taxes to support my salary increasing by the same percent as the minimum wage? And if so, then YOUR wages need to increase to cover the offset of higher taxes.
See how that works?
The average household income in 1980 was $21K, that's $42K in today's dollars. The average household income in 2016 was $83K.
Inflation adjusted salaries have been pretty flat since the late 70s with a small increase (higher increase for higher income levels, with the top 1% being a clear outlier)
When you double minimum wage, it just brings minimum wage back to parity with what it was when it began.
