cross-posted from: https://lemmy.zip/post/33332812
Sanders used the findings of a recent working paper to denounce Republicans’ determination to pass tax cuts that will benefit wealthy Americans the most.
cross-posted from: https://lemmy.zip/post/33332812
Sanders used the findings of a recent working paper to denounce Republicans’ determination to pass tax cuts that will benefit wealthy Americans the most.
Oh so at 7.25 an hour, checks math we should be at like 80k for a house today, right? right guys?
No, the way to read that is: a home costs about 11,000 hours of labor at that time. So assume 400k house, that would mean $36/hr min wage. Now that will be much less in rural areas, but the wages have not kept up with inflation (or productivity). Demand higher wages.