jeffw@lemmy.world to politics @lemmy.world · 3 months agoIt has now been 15 years since the federal minimum wage rose to $7.25www.npr.orgexternal-linkmessage-square157fedilinkarrow-up1745arrow-down18
arrow-up1737arrow-down1external-linkIt has now been 15 years since the federal minimum wage rose to $7.25www.npr.orgjeffw@lemmy.world to politics @lemmy.world · 3 months agomessage-square157fedilink
minus-squareFirefly7@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up2·3 months agoThe math is not right. Percentages don’t multiply like that. A change from 0.25 to 7.25 over 71 years means an annual increase of about 5%. That 5% annual change, starting with $7.25 15 years ago, would take us to around $15 today.
The math is not right. Percentages don’t multiply like that.
A change from 0.25 to 7.25 over 71 years means an annual increase of about 5%. That 5% annual change, starting with $7.25 15 years ago, would take us to around $15 today.