When minimum wages in this state continue to climb as a result of our brilliant economic geniuses in Albany it allows for their continued re-election. Meanwhile businesses continue to close due to the ridiculous cost of labor and rampant lawlessness. Continuing to focus on bail reform and getting every McWorker to feel great about making $18 bucks an hour is what’s killing our economy.
Originally Posted by NYSOM-89
All wages are supposed to go up genius. 30 years ago the median American wage was 14 dollars a hour. Right now the average income is actually more than double that but the major problem is younger people that spend more and stimulate the enconomy 20 to 24 years are only making $38,324 a year 16-19 year olds make 7000k less yearly. We aren't stimulationg the economy if young adults are making 18 bucks a hour on average. They are not going to go out as much, not meet others to have kids later, and not buy stuff. The young generation is going to be broke and stay at their over priced apartment . You have to get to 25 to 34 years old just for 52,936k a year guess who now is not buying houses.. You have to get to 40-60 years old for the number hit over 28 a hour on average which is now to damn old to have kids to add to the economy enough for it to grow. 10 years ago the wage gap in age was getting bad and its only getting worse. 10 years before that in the 90s the wage gap was at 1.2 times at the highest between ages not a near 2x difference Everyone complains about the mcdonalds worker not being able to afford to rent a apartment and not the Nurse that can't buy a house and a new car. The jokes of not increasing minimum wage has been a scape goat to keep all wages lower across the board and increase profits. Your 80k-100k jobs 10 years ago should be 150k-180k" jobs now yet they pay the same. 50k should be entry-mid level skilled job pay.
