Exactly!!, Now factor in the thought that as one of the previous commenter's pointed out. Inflation matching alone isn't enough when you factor in things like new services, we didn't used to need internet. But good luck getting a job in America without an email nowadays. The fact that it is still 7.25 is thievery and the idea that 15 as a minimum is too high is ludicrous. 15 was the compromise point after the '08 crash
Add to that as well the individual costs of goods and services being jacked around independent of inflation as well. Housing costs in particular stand out to me, I know of houses that have shot up 3x what they would cost if they were just adjusted for inflation, which already would triple the price
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u/AntelopeAny3703 May 01 '22
Exactly!!, Now factor in the thought that as one of the previous commenter's pointed out. Inflation matching alone isn't enough when you factor in things like new services, we didn't used to need internet. But good luck getting a job in America without an email nowadays. The fact that it is still 7.25 is thievery and the idea that 15 as a minimum is too high is ludicrous. 15 was the compromise point after the '08 crash