jeffw@lemmy.world to politics @lemmy.world · 5 months agoIt has now been 15 years since the federal minimum wage rose to $7.25www.npr.orgexternal-linkmessage-square94fedilinkarrow-up1716
arrow-up1716external-linkIt has now been 15 years since the federal minimum wage rose to $7.25www.npr.orgjeffw@lemmy.world to politics @lemmy.world · 5 months agomessage-square94fedilink
minus-squareFirefly7linkfedilinkEnglisharrow-up2·5 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.