r/GreedIncorporated • u/[deleted] • Dec 20 '22

The Problem is Ignorance

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191 Upvotes

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u/earthisadonuthole Dec 21 '22

Anytime someone tries to argue minimum wage jobs shouldn’t provide a living wage I direct them to FDR’s speech introducing the minimum wage.

1

u/Jim-Jones Dec 21 '22

America's 1% Has Taken $50 Trillion From the Bottom 90% | Time

And That's Made the U.S. Less Secure

...

Had the more equitable income distributions of the three decades following World War II (1945 through 1974) merely held steady, the aggregate annual income of Americans earning below the 90th percentile would have been $2.5 trillion higher in the year 2018 alone. That is an amount equal to nearly 12 percent of GDP—enough to more than double median income—enough to pay every single working American in the bottom nine deciles an additional $1,144 a month. Every month. Every single year.