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Tygr ,

Not to worry, the goal post on “fair wage” will always be extended. I remember fast food protests for $15/hr. You got it! Only now rent has doubled.

MisterD ,

To be on par with the wages of the 70-80s, minimum wage should be $30+/hour. You still can’t retire on that, btw.

Ummdustry ,

Ricardo’s rule of rent.

In absense of land equality, or marginal land to escape to, rent will tend to push wages closer and closer to subsistance.

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