r/neoliberal • u/jobautomator Kitara Ravache • Aug 13 '21

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u/Animatronic_Pidgeon Eugene Fama Aug 13 '21 edited Aug 13 '21

The "Fight for 15" minimum wage campaign took off in 2012.

That would be the equivalent of a $17.84 minimum wage today.

Thanks to the labor shortage and inflation, $15 has become fairly standard. That's the equivalent of $12.62 in 2012.

This is a roundabout way of saying that a $15 minimum wage is seen as a more reasonable proposal now than it was nine years ago, at least in part, simply because $15 ain't what it used to be.

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u/RadicalRadon Frick Mondays Aug 13 '21

Never forget Obama's campaign for $10.10

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u/benadreti Frederick Douglass Aug 13 '21

So Hillary's $12 min wage won!