According to consumer price index increases since the last adjustment to the minimum wage, which currently stands at a pitiful $7.20/hr , the current minimum wage should have increased to about $10/hr. Where does that leave us?
People are making a lot less relative to their purchases power. Prices have gone up, but their pay hasn’t. This just swells the ranks of the impoverished and prevents people from being net positive participants in our economy. View full article »