this post was submitted on 29 Sep 2026
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[–] Mulligrubs@lemmy.world 29 points 1 hour ago* (last edited 1 hour ago) (1 children)

The minimum wage was supposed to be enough for one person to take care of a family of four and keep them out of poverty.

Now, the minimum wage is inadequate to support a person, let alone a pet or family.

Henry Ford, the CEO of Ford Motor Co. made 50x more than his baseline employee.

Now, a starting employee for Ford makes about $18.00 an hour, $38,000 a year. Not enough to support any family (but more than minimum wage by far)

The CEO of Ford made $27,000,000 a year, or about $37,000.00 an hour. That's over 700x more than a baseline employee.

(all approx. from duck duck go search)

[–] lobut@lemmy.ca 16 points 1 hour ago

I met Americans telling me that these poor corporations can't survive if they have to pay a minimum salary and how it was meant for teenagers ... it was weird. I was like, you live in SF ... what's the minimum again? how much is rent again?