Why Americans feel gloomy about the economy despite falling inflation and low unemployment

Lee Duna@lemmy.nz to News@lemmy.world – 353 points –
Why Americans feel gloomy about the economy despite falling inflation and low unemployment
apnews.com
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Yes it is, it is the absolute floor that someone can be paid.

Yes I am aware. That's still not relevant whatsoever.

But it is relevant?

Just like when massive unions get better pay rates (or weekends) it raises the bar for what all other workers expect, except the min wage has MORE effect since it applies across all employment.