It’s a laughing joke.Here's how the U.S. works in a nutshell:
In 1984 when I got my first job while still in high school, the minimum wage was $3.35 per hour. It is now, 37 years later, at $7.25.
The Dow Jones Industrial Average that year at its highest was around 1,200. It is now 32,627 as of Friday's close.
So the minimum wage in the last 37 years has increased 116.4%
The wealth of the Dow stock holders has increased 2,619%
That right there says it all.
Get a good economist that can crunch the numbers, 10 different ways, and he/she can drive that point home like a dagger !!
Not to mention, the buying power and the prices, of things in 1984, vs now. I remember it well. Grocery prices, gallon of gas, milk, price of a new car, a home, etc
I worked for 3.35/hr myself until finally, I got a Union job paying 9.78/hr starting.
Hell, concert tickets were only like 9/$ back then or less even,
That’s how badly the capitalist corporate structure is holding down the average working man, worker in this country.