Minimum wage would be $26 if it kept up with productivity

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Yukaphile
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Re: Minimum wage would be $26 if it kept up with productivity

Post by Yukaphile »

That's the irony. Centralized federal government always seemed to kinda strengthen us, didn't it? Like Lincoln's war machine.
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BridgeConsoleMasher
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Re: Minimum wage would be $26 if it kept up with productivity

Post by BridgeConsoleMasher »

Draco Dracul wrote: ↑Fri Sep 10, 2021 9:26 pm
Mickey_Rat15 wrote: ↑Fri Sep 10, 2021 7:48 pm
Fuzzy Necromancer wrote: ↑Fri Sep 10, 2021 7:13 pm "The New Deal was horrible" is a weird hill to die on, but at least your dead.
The New Deal made the Great Depression "great". It prevented the markets from making the necessary adjustments to start the recovery. It was not until having to fight WWII made FDR remove the regulatory garbage thrown about by his sophomoric technocrats that it finally got out the doldrums.
WWII lead to more government control on the American economy, not less. The war economy under FDR is the closest the US has ever been to a command economy.
That being said, he's right that this isn't a formal analysis that shows that businesses on average are reaping fat rewards by charging less than $26/hr.
..What mirror universe?
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