this post was submitted on 27 Sep 2023

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Today I Learned

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TIL Minimum wage has only increased by $7.00 in 85 years in the USA. (reddthat.com)

submitted 2 years ago by MonsiuerPatEBrown@reddthat.com to c/til@lemmy.world

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Upon inception it was set at $0.25. It is now $7.25.

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[+] Snipe_AT@lemmy.atay.dev 7 points 2 years ago (1 child)

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[–] Not_Alec_Baldwin@lemmy.world 9 points 2 years ago*

7.25 / 0.25 is indeed 29, therefore a 2800% increase is correct.

Thus, another dishonest way of stating this number is that it has increased almost 33% for each year since it was first implemented. (Not per year)

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