If pay had kept pace with productivity gains, minimum wage would be $24 an hour

Re:If pay had kept pace with productivity gains, minimum wag... by mortenjorck on Friday October 09, 2020 @05:09PM (#24734471)

The wild thing is that even if you were to apply Scandinavia's highest tax bracket of 57% to this (which someone in the lowest tax bracket would never pay), you'd still come out above the US national minimum wage, out of which one is also expected to pay for healthcare and budget for unpaid time off.

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Re:If pay had kept pace with productivity gains, minimum wag... by martin_bech on Friday October 09, 2020 @06:24PM (#24735055)

By my very limited calculations, you would be paying effictively about 33% tax, because of baseline deductions, and beeing in the lowest tax bracket. remember you still have free healthcare, education, paid vacation, paid maternity leave etc.

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