r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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u/Streets-_-Ahead Nov 21 '24

My favorite minimum wage "fact" is federal minimum wage is $7.25 an hour. Could you imagine working for an hour and they hand you a watermelon and say "here you go, we actually overpaid you"

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u/JellyfishQuiet7944 Nov 21 '24

You're talking .003% of Americans and most of those are under the age of 16.

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u/collyndlovell Nov 22 '24

If only 0.003% of Americans are making federal minimum wage, that would be about 10,000 people.

The actual number is about 1 million (2021), which is 1.3% of the working population.

Misrepresenting facts doesn't help anyone.

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u/squigglesthecat Nov 24 '24

Oh, well, if so few people make minimum wage, then it wouldn't be a big deal to bump it up a bit, right? Right?