Upon inception it was set at $0.25. It is now $7.25.

  • Dude123@lemmy.world
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    1 year ago

    If worker unions were required by law then I would agree. The issue is that companies will corner the job market to suppress wages. The government applies some pressure the opposite way via minimum wages to help force progress. Self checkouts and various other automated processes don’t occur without some kind of selection pressure.

    Think of minimum wages as forcing weaker companies out of the market.

    • trailing9
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      1 year ago

      How do companies corner the job market?

      Doesn’t minimum wage support the cornering because new competitors cannot start with lower wages?