this post was submitted on 28 May 2025
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Wow a 2.5% increase, meanwhile rent is up 50% the last few years. So progressive it hurts.
When I read it I wondered if $17.85 is worth less now than $17.40 was worth when it was first made the minimum.
Probably, but I don't know enough about economics to check.
It is, because the increase is below inflation. Judging by other responses it’s clear that others don’t know much economics either, looks like your intuition already puts you above average.