Forum Discussion
wadebear
10 years agoRetired Hero
Unfortunately, Minimum Wage IS a joke.
And raising it isn't going to help. When I started working in college Minimum Wage was $3.35 an hour. Then it went up a little bit and I had a little more money every week... And then the price of everything I bought crept up until I wasn't any better off than I was before.
Each time Minimum Wage crept up a little the prices quickly crept up to match - each time faster than before. By the time the last such raise hit my paycheck they'd already raised the prices in anticipation to compensate.
And raising it isn't going to help. When I started working in college Minimum Wage was $3.35 an hour. Then it went up a little bit and I had a little more money every week... And then the price of everything I bought crept up until I wasn't any better off than I was before.
Each time Minimum Wage crept up a little the prices quickly crept up to match - each time faster than before. By the time the last such raise hit my paycheck they'd already raised the prices in anticipation to compensate.
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