Re:How the Unchecked Power of Companies Is Destabilizing Gov...
by SoftTalker on Tuesday October 22, 2024 @11:18PM
(#41921447)
Nobody pays $7.25/hr in 2024, as nobody will work for that. McDonald's here is paying $15/hr and in the past 10-15 years have completely rebuilt their stores and kitchens and preparation processes to reduce labor needs.
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Re:How the Unchecked Power of Companies Is Destabilizing Gov...
by realce on Tuesday October 22, 2024 @11:49PM
(#41921625)
The 7.25 rate was set in 1996.
Adjusted for inflation, 7.25 is worth 15 today.
There are thousands and thousands of jobs paying less than 15/hr.
In NC, where I live, the average wage for an entry-level crew member at McDonalds is $12.16, effectively 20% lower than the original purchasing power of the 1996 minimum wage.
https://www.indeed.com/cmp/McDonald%27s/salaries?location=US...
Re:How the Unchecked Power of Companies Is Destabilizing Gov...
by FireBeyond on Wednesday October 23, 2024 @12:42AM
(#41921886)
That's garbage. Quarter of a million Americans work for minimum wage, (i.e. exactly $15,079 annually) according to tax filings by employers.
This does not include those in tipping industries where they are allowed to have a base pay of under the minimum wage.
Re:How the Unchecked Power of Companies Is Destabilizing Gov...
by SoftTalker on Wednesday October 23, 2024 @10:39AM
(#41925495)
From that link, "that is only 0.15% of the working population" and nearly half of those workers are teenagers, i.e. it's a first-time, likely part-time job.
I stand by my claim that (essentially) nobody is working for minimum wage in 2024.
Re:How the Unchecked Power of Companies Is Destabilizing Gov...
by slt2021 on Wednesday October 23, 2024 @12:29PM
(#41926644)
these are people specifically choose to work under the poverty limit to be eligible for safety net welfare: EBT/SNAP/WIC/Medicaid and then work for cash unrecorded.
like they work 4hr/day and accumulate ~1000 hours/year and then work off w2-payroll