What the Average Wage Would Be If It Kept Up With the Economy
1:00
YouTubePractical Economics
What the Average Wage Would Be If It Kept Up With the Economy
If average wages had kept pace with national income over the last fifty years, the average worker today would be earning over $100,000 a year. Using long-run data on gross national income per capita and average wages, this video shows how the economy grew much faster than paychecks — and how a growing gap opened between national income and ...
320 views1 week ago
Minimum Wage Debate
How to determine whether the graph has an absolute maximum or minimum, a relative maximum or minimum
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The federal minimum wage of 7.25/ hour hasn’t changed since 2009. The tipped minimum wage of 2.13/ hour hasn’t changed since Lion Ling was in theaters. Productivity is up, wages are flat, and the cost of living is WAYYY up. People want to work. But they DONT want to get scammed. If you can’t find anyone to work for you, then maybe YOU are the problem?
0:19
The federal minimum wage of 7.25/ hour hasn’t changed since 2009. The tipped minimum wage of 2.13/ hour hasn’t changed since Lion Ling was in theaters. Productivity is up, wages are flat, and the cost of living is WAYYY up. People want to work. But they DONT want to get scammed. If you can’t find anyone to work for you, then maybe YOU are the problem?
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