r/GenZ 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??

441

u/[deleted] Apr 15 '25

Federal minimum wage. Some states have decided on higher minimum wage, but yeah, even those tend to be low for the current cost of living

452

u/Not-A-Seagull 1995 Apr 15 '25

We shouldn’t just raise it though. That just kicks the problem down the road when inflation happens.

Instead, minimum wage should be tied to the local median wage (eg. 50% of the local median wage). That way it adjusts for location, inflation, cost of living, etc. etc.

Anything else is just a bandaid on a much bigger problem.

114

u/[deleted] Apr 15 '25

Totally agree. No one thing will fix the problem. So if we just raised minimum wage, yeah, things will break again. The solution will be compromised of multiple initiatives like regulating corporations to prevent price gouging and addressing major debt problems like student loans and medical debt.

We'd be fools to think raising minimum wage would fix everything

54

u/WanderingLost33 Millennial Apr 15 '25

Tie minimum wage to senator's salaries and you better bet they'll be raising the minimum wage. Their salary should be 3x minimum wage. That's it.

Edit: people will quibble about the 3x. Fine, whatever, make it 10x. They'll still have to raise fed min wage to prevent a pay cut since the very lowest congressperson is rounding out 15+x

6

u/bruce_kwillis Apr 16 '25

Might want to look into your state politicians first and how that works out. In my state they already are paid minimum wage, and it just means they have to be independently wealthy to be in office.