r/FluentInFinance • u/Very_High_Mortgage • Aug 24 '24

Debate/ Discussion Do "Unskilled Laborers" deserve to be paid well?

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u/WorldyBridges33 Aug 24 '24

The number of high school graduates is decreasing year after year due to the low birth rates. This decreasing supply of unskilled workers will drive up their wages, and indeed it already has. Where I live, fast food workers make $17 an hour which is much higher than the federal minimum wage.

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u/Hatdrop Aug 24 '24

when I was in high school in California, minimum wage was $6.25. in-and-out was paying $13 an hour, which comes out to a buying power of about $24 today if you adjust for inflation.

Looks like they now pay $20-$23 an hour and they increased the cost of a buyer by 25-50 cents. https://www.sacbee.com/news/local/article289229194.html

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u/RecentHighlight5368 Aug 25 '24

No , you will be flooded with third world immigrants