In a hundred and twenty or thirty years or something, the dollar will have inflated by 1000 times, so a billion dollars then will be equal to a million dollars now. It’ll cost a billion dollars for a nice four bedroom house.
But we’ll have had a hundred more years to produce anti billionaire propaganda, so a lot of people, especially teenagers, will need it explained to them that being a billionaire isn’t so bad now. The Marxist-Leninists will all be saying that Cyborg Bernie Sanders is an evil billionaire, and us reasonable leftists will be explaining that a billion dollars is just what it costs these days to own a residence in your home state and also in DC, which is necessary for working as a senator.
What we’ll really need to look out for by then is the trillionaires. Good for nothing parasites. There’s no excuse for one person to own a trillion dollars while there are people living on the streets who can’t even afford a measly ten thousand dollars for a cheeseburger meal.
In the USA minimum wage will still be 7.25.
At least it goes up in the U.K., even if it seems to be slowly creating a scenario where everyone is earning minimum wage.
https://www.minimum-wage.org/wage-by-state
It’s not that wage now in the vast majority of states.
Edit: The actual “Average” minimum wage of a US worker is 11.33/hr. Which is a population distribution of minimum wages across all states.
I am only adding this to show the problem of treating the “federal” minimum wage as a monolithic representation of the USA. It’s not. Stop treating it as if it was.