@[email protected] to Today I Learned • 1 year agoTIL Minimum wage has only increased by $7.00 in 85 years in the USA.message-square226fedilinkarrow-up11.32Karrow-down156file-text
arrow-up11.26Karrow-down1message-squareTIL Minimum wage has only increased by $7.00 in 85 years in the USA.@[email protected] to Today I Learned • 1 year agomessage-square226fedilinkfile-text
minus-square@[email protected]linkfedilinkEnglish1•1 year agoPolicy and calculations don’t matter if there is low unemployment. It’s minimum wage that’s gamed. Why fight that lost battle?
minus-square@[email protected]linkfedilinkEnglish1•1 year agoI’m saying that the unemployment rate is artificially low as well as being a stupid metric to use, but unfortunately, it’s the metric that powerful entities use to make decisions about manipulating the economy at large.
minus-square@[email protected]linkfedilinkEnglish1•1 year agoThere is the published figure and there is the actual number of unemployed people. You rightfully point out that the figure is manipulated. I am talking about the actually unemployed people.
Policy and calculations don’t matter if there is low unemployment. It’s minimum wage that’s gamed. Why fight that lost battle?
I’m saying that the unemployment rate is artificially low as well as being a stupid metric to use, but unfortunately, it’s the metric that powerful entities use to make decisions about manipulating the economy at large.
There is the published figure and there is the actual number of unemployed people.
You rightfully point out that the figure is manipulated. I am talking about the actually unemployed people.