I’m coming late to this rodeo. I see minimum wage as relevant if the recent statutory raises of the minimum wage are behind the “wages are rising faster than inflation” point. I need to see a distribution chart showing which raises are rising faster, because a lot of pay went from $10 to $15 in the last few years, and that’s a 33% pay increase for those people. What if the people earning between $30 and $60 saw no raises, or worse, lost their jobs and got new ones for less?
I’m coming late to this rodeo. I see minimum wage as relevant if the recent statutory raises of the minimum wage are behind the “wages are rising faster than inflation” point. I need to see a distribution chart showing which raises are rising faster, because a lot of pay went from $10 to $15 in the last few years, and that’s a 33% pay increase for those people. What if the people earning between $30 and $60 saw no raises, or worse, lost their jobs and got new ones for less?
I’d be curious to see what your research finds on this too.