Fateh was born in Washington, D.C., and is the son of immigrants from Somalia. He graduated from Falls Church High School and earned undergraduate and graduate degrees from George Mason University.
this post was submitted on 15 Jul 2025
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In 10 years with 2% CPI increase each year, minimum wage will be worth the exact same as today if you rose it by $4 tomorrow.
The past few years it's been between 3-6%
See, that's the thing.
CPI increases have always persisted. So minimum wage has now become so worthless that it's impossible to survive on it.
IMO, we should tie minimum wage increases to the inflation rate.
Inflation goes up 2%, so does minimum wage.