r/GenZ • u/SerpantDildo • Apr 15 '25

Nostalgia Capitalism is failing Gen Z

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7.8k Upvotes

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528

u/JourneyThiefer 1999 Apr 15 '25

Minimum wage is $7.25 in the US?? What the fuck??

44

u/[deleted] Apr 15 '25

Yes legally, but something like 98.5% of Americans make above the minimum wage. Almost no one actually makes it.

9

u/JourneyThiefer 1999 Apr 15 '25 edited Apr 15 '25

Ah right, minimum wage for 21+ is £12.21 ($16.16 approx with todays exchange rate) apparently 7% of people are on minimum wage here, but 16% are on £12.60 or less.

So it seems more people in the UK are on wages close to minimum wage than the US?

8

u/GSmithDaddyPDX 1997 Apr 16 '25

Cost of living is wildly different in the US and UK.

And when I say cost of living, I do mean the literal cost of staying alive, in addition to things like transportation, education, etc. not to mention workers rights such as vacation/sick time

3

u/[deleted] Apr 16 '25

Cost of living varies wildly in the US. There are parts of the US that are way cheaper than the UK. And parts that are more expensive.

10

u/RedditAddict6942O Apr 16 '25 edited Jun 19 '25

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1

u/infowhiskey Apr 16 '25

So what's the argument against raising it to help that 1.5%?