All consumer products have increased in price… 📢📢📢📢
But wages have not increased proportionally. 💵💵💵💵
Minimum wage has remained $7.25/hour federally since 2009! 💲💲💲💲
Companies offer 3.5-3.8% merit increases! 📈 📈 📈 📈
What are the effects of these? ❓❓❓❓
If federal minimum wage is only $7.25/hour, then that gives employers the ability to pay less than a living wage. 📉 📉 📉 📉
A 3.5% merit for someone who makes $20/hour is only an increase of 70 cents. ❗❗❗❗
Someone at $100,000/year receiving the same merit increase will earn a $3,500/year increase. 💰 💰 💰 💰
This keeps low wage earners low and without the ability to grow at a rate in which prices are increasing around them. 💸💸💸💸
Something has to be done about this… 🚨🚨🚨🚨
And it starts with each employer who chooses to pay a living wage to their employees 🌟🌟🌟🌟
And each employer who chooses to provide above average cost of living adjustments throughout the year. 🌟🌟🌟🌟
https://www.hrdive.com/news/2024-pay-raises/695286/
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