In a hundred and twenty or thirty years or something, the dollar will have inflated by 1000 times, so a billion dollars then will be equal to a million dollars now. It’ll cost a billion dollars for a nice four bedroom house.
But we’ll have had a hundred more years to produce anti billionaire propaganda, so a lot of people, especially teenagers, will need it explained to them that being a billionaire isn’t so bad now. The Marxist-Leninists will all be saying that Cyborg Bernie Sanders is an evil billionaire, and us reasonable leftists will be explaining that a billion dollars is just what it costs these days to own a residence in your home state and also in DC, which is necessary for working as a senator.
What we’ll really need to look out for by then is the trillionaires. Good for nothing parasites. There’s no excuse for one person to own a trillion dollars while there are people living on the streets who can’t even afford a measly ten thousand dollars for a cheeseburger meal.
In the USA minimum wage will still be 7.25.
At least it goes up in the U.K., even if it seems to be slowly creating a scenario where everyone is earning minimum wage.
https://www.minimum-wage.org/wage-by-state
It’s not that wage now in the vast majority of states.
Edit: The actual “Average” minimum wage of a US worker is 11.33/hr. Which is a population distribution of minimum wages across all states.
I am only adding this to show the problem of treating the “federal” minimum wage as a monolithic representation of the USA. It’s not. Stop treating it as if it was.
Twenty one States on that list had a minimum wage figure of 7.25, who cares about an average.
Because those states are small population wise, any attempt to push 7.25 as “normal” on an international forum is disingenuous. treating an issues that is distinct on a state hy state issue as if the federal is the end all be all is a lie of omission. Those same 21 states also have a lower cost of living.
But if you were asked, what is the USA minimum wage, you’d say 7.25. Anything else is irrelevant.
No. I wouldn’t. Because minimum wage varies wherever you are in the USA. Where I live it’s over $13, nearly double. It would be disingenuous to claim 7.25 when literally nobody I know is at that rate.
That’s my point. Stop pushing the shit narrative. Statistically, you don’t know a single soul that’s at 7.25 either. Comparing the UK minimum wage, a country with 1/5th the population and 1/40th the landmass… Acting like the all of the USA is a monolith like the UK is disingenuous.