7% INFLATION!!!

We need a better President. If pay is being outpaced with inflation, Biden is in effect giving us a pay cut every year. That's why it's so important for us to rid ourselves of demoRATS forever.

Speaking of turds … look what “scientists “ discovered in sewer … https://www.zerohedge.com/medical/gene-discovered-georgia-sewer-resistant-worlds-most-important-antibiotics more FUD ( Fear , Uncertainty and Doubt )

You need a better job. If your pay isn't keeping up with the rate if inflation, your boss is in effect giving you a pay cut every year. That's why it's so important for minimum wage to go up.

Also …due to deflation of currency by PRINTING MONEY !!!

Also the pattern of union dues, taxes, and inflation going up as people's wages increases nationwide.

Printing money is irrelevant.
The currency must be bought first (via Treasury Bills) in order for it to be monetized and enter circulation.

“Printing money is irrelevant.” Um no it’s not… it’s all relevant !! Including the monetization of debt. I can’t wait fir the next 25 years … to see how much housing, transportation , food and health care will ‘COST’. Netflix will be $99.99 per month lol. …. From yesterday … Netflix said the cost of a basic plan would increase $1 to $9.99 a month, while a standard plan that allows for streaming two screens at the same time would increase $1.50 to $15.49 a month. A Netflix premium plan that allows for streaming on four screens at one time and Ultra HD, would rise $2 to $19.99 a month. Hahaha

Again, currency must be bought first (via Treasury Bills) in order for it to be monetized and enter circulation. It has no value otherwise, regardless how much is printed. Zero.

No, Netflix will not cost that. It won't even be around anymore. Yes, that fad got a 2nd boost with streaming as DVD rentals went passe, but that only makes it that much more overdue for the next fad to replace it. Add to that a big production series of its own or two to fail, and it is done for.

Your argument is about consumers looking to cheat via Netflix as opposed to paying production compainies directly for their product. Sure, a few pennies go to them for each rental, but given the billions Netflix makes, studios are getting shortchanged by that ripoff, so no pity need be spared for those thieves and their thieving clientale.

Also Capt Dinglebert Byedone is going to have the Federal Reserve raise interests next year, and that will lead to inflation going down. In June too, just in time to not have enough effect by the midterms.
Almost seems like he wants 'the other' party to take over...

Yes … minimum wage would be about $25 an hour if it tracked inflation. … since 1930’s

No. Look at your graph again. It would be $25 an hour if it tracked productivity.

Now, you have to be little bit of a hardliner to want minimum wage to keep up with productivity and I have to say, I AM one of those people who believes it should - what could be more America than believing it's the work that has value, not the money itself - BUT the mainstream argument is that it should at least keep up with inflation so that nobody's taking a pay cut, and that value is a bit lower - $16 or $17, something like that.

… Today, the 1968 federal minimum wage, which peaked in purchasing power at $1.60 per hour, is the equivalent of $11.53 if adjusted for inflation, and $24.00 if adjusted for productivity. … From https://forwardky.com/guess-what-the-minimum-wage-would-be-if-it-kept-pace-with-inflation-or-productivity-2/ … However, productivity is the true barometer of wage / wealth / inflation etc. however $25 would create all kinds of havoc on the current economic model … I agree with you on the $15 to $17 range.

I'm not disagreeing with you there, but you mixed up productivity and inflation in your earlier comment.

I agree with you. I wasn’t clear … I was distracted by all the beautiful people at the coffee shop. Lol. However, the inflation the ‘ government’ states is not the real inflation factor. Inflation is much higher that what has been reported ( the calculations have changed ) https://www.bls.gov/cpi/additional-resources/historical-changes.htm

Which coffee shop is this, out of interest? My local is staffed by some competent but not particularly attractive people.

Sorry to hear that … my life experiences have shown that the higher the ave income zip codes have the most beautiful people .

Now that IS a lie. Show me your source statistics for that claim.

Also, I stated “ my life experiences.”

https://www.betterhelp.com/advice/general/the-good-the-bad-the-ugly-why-attractive-people-are-successful/

https://www.cnbc.com/2018/03/02/study-most-people-can-tell-if-youre-rich-from-your-face.html

[{pssssst, it's the light blue line, not the dark one, you're looking for}]

Minimum wage going up only increases inflation and reduces the spending power of the middle class.

How can you zing the OP saying "You need a better job" and then recommend people stay in minimum wage jobs? You're a total hypocrite. You don't even know what type of job Ace has. It's not uncommon for corporations to short change their mid level workers, that's why the so called "great resignation" is going on. The only way to get a decent bump in salary is to start up with a different company.

Thanks for having my back !

How can you zing the OP saying "You need a better job" and then recommend people stay in minimum wage jobs? You're a total hypocrite. You don't even know what type of job Ace has.