you are viewing a single comment's thread.

view the rest of the comments →

[–]iamonlyoneman 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

The problem with this line of thought is that it was something you could live on, until the same congress that makes the rule for a wage floor also inflated-away the purchasing power of the dollar.

The problem is not the wages. People used to thrive on a penny a day. The problem is debasement of the currency.