Minimum Wage: $33.58/hr?

1 U.S. dollar banknote on white surface
Photo by NeONBRAND on Unsplash

Here’s a factoid someone posted on LinkedIn:

If the minimum wage had kept up with CEO pay since 1978, it would be $33.58 an hour now.

Assuming that’s true, it’s also true that a lot of people do not have skills worth $33.58/hr and it would therefore be illegal for those people to have a job.

Also, no one is required to work for minimum wage. If you want to make $33.58/hr, get a job that pays that. If you can’t, then be happy that $33.58/hr isn’t the minimum wage and you can still get a job that pays what your skills are worth.

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