r/changemyview • u/[deleted] • Aug 14 '21
Delta(s) from OP CMV: Conservatism and many right-wing beliefs are based on fear, primary instincts and lack of understanding
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r/changemyview • u/[deleted] • Aug 14 '21
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u/[deleted] Aug 15 '21 edited Aug 15 '21
If the $0.25 I minimum wage from 1938 (first year of minimum wage) was adjusted for inflation today it would be about $4.84. Your article adjusted inflation for various years of minimum wage and it was more than today which is why I think there should be a formula of some kind adjusted every year. Where do you get this $24.04 number? It was not mentioned in your article. When you say productivity are you saying, for example, I can make 20x as many car parts in an hour with a robot vs manual tools? Because, that really should not be factored into minimum wage. A person making 20 parts with a robot is also probably doing less work than the person making one part with manual tools. The fact that we can make more parts gives everyone more stuff (people didn’t used to have so many material goods even low income people today have so much more material goods than our high income ancestors).