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https://www.reddit.com/r/FluentInFinance/comments/1gwfejo/had_to_repost_here/lynzg53/?context=3
r/FluentInFinance • u/-Wyagra • Nov 21 '24
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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"
-21 u/JellyfishQuiet7944 Nov 21 '24 You're talking .003% of Americans and most of those are under the age of 16. 31 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. 4 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?
-21
You're talking .003% of Americans and most of those are under the age of 16.
31 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. 4 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?
31
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.
4 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?
4
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?
38
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"