Why does the “Fight for 15” movement not update its target hourly rate?

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The Politicus
Nov 09, 2022 09:45 PM 0 Answers
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The US has not had a federal minimum wage update for a very long time. In 2012, there has been a loose movement to "Fight for 15" - push for an increase of the (federal and not just) minimum wage to 15 USD/hour.

However... it's been 10 years, and prices have risen. If we ignore the past year, it's an 18% increase since 2012, and if we take the past year into account, this becomes over 26% (see CPI data here).

I'm wondering why we're not seeing an update of the number. This is especially problematic if we consider how some of the successful "to 15" measures target 4 or 5 years into the future, when $15/hour will likely be 2012's $10/hour equivalent.

So, how come it's not the "fight for $20" by now? Is it just inertia? The catchiness of the slogan? Some other, more meaningful, reasons?

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  • November 9, 2022