The law needs to have a formula to automatically update the minimum wage annually. I propose "85% of the national annual mean wage in the most recent year for which data is available, divided by 200, per hour", (I believe right now this would be ~$25.50) but I'm not an economist.https://twitter.com/ewarren/status/1392522632189390850 …
also if I'm understanding that table right, the ratio of median to mean annual wage (which has dropped from 72% in 1991 to 66% in 2019) is one way to gauge the (in)equality of income distribution: mean being higher than median means too many people making more than average.
-
-
anyway a $22/hr federal minimum wage would be $44k/yr for someone working full-time, and that's probably enough to live just fine on in most of the country (but probably not New York or San Francisco)
Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.




