Upon inception it was set at $0.25. It is now $7.25.

  • aidan@lemmy.world
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    1 year ago

    But that has nothing to do with free market because minimum wage is set by the government?

    • greavous@lemmy.world
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      1 year ago

      Minimum wage is required because companies operating in the free market don’t pay many people enough to survive. So minimum wage is absolutely related to the free market.

      • aidan@lemmy.world
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        1 year ago

        Except a tiny percentage of people in the US earn minimum wage, and half of the them are under 25 iirc