Upon inception it was set at $0.25. It is now $7.25.

  • trailing9@lemmy.mlEnglish
    1·
    1 year ago

    Policy and calculations don’t matter if there is low unemployment. It’s minimum wage that’s gamed. Why fight that lost battle?

    • medgremlin@lemmy.sdf.orgEnglish
      1·
      1 year ago

      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.

      • trailing9@lemmy.mlEnglish
        1·
        1 year ago

        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.