– $15.00/hour in 2023
– $15.60/hour in 2024
– $16.08/hour in 2025
based on the following conditions:
– At least 50% of the US average wage.
– At least 60% of the US median wage.
– At least 100% of the US povery line for a family of 4 based on 2000 hours of work.
Specificrusher on
Every time you don’t scale an axis to zero, you’re lying
Unhappy_Poetry_8756 on
The legal minimum wage is irrelevant when the effective market minimum wage is so much higher ($15+ in most places). You’re comparing it to the market CEO compensation, so use market numbers for entry level wages. Technically the CEO “minimum wage” is $7.25 an hour as well, but that’s irrelevant, because that’s not what the market is paying.
RNKKNR on
now include the graph that shows the actual number of people earning minimum wage…
What is included in CEO salary? What dataset was used?
NighthawkT42 on
Odd way of showing it. Reality though is we shouldn’t have any minimum wage. It is a good thing that it is now low enough that it almost doesn’t matter anymore as nearly every employee makes more.
CEO multiple vs medium for the company is a valid concern. Minimum is a distraction.
UDcc123 on
So are you trying to say that, while the minimum wage has gone up by 7.5x, CEO pay has only gone up by 5x…because that’s how the data reads, but the shape of the charts cause the reader to drive a different conclusion at first glance until they digest the numbers.
wardamnbolts on
For this to really beautiful you should find a way to overlay this
Comically_Online on
huh. turns out I shoulda been a CEO
Temporary_Capital_87 on
Well damn… those are two very different graphs there.
timmoReddit on
How do you compensate for any growth in the size of a company a CEO is responsible for?
Ie, if the number of companies has decreased but gotten larger in personell and income, then CEO pay would naturally be expected to increase
astartes009 on
Luigi few more CEOs and make laws enforced 55% of profits go to workers
I love how literally every time anyone talks about the minimum wage, on reddit, they always decide to start the chart at or near the peak of the federal minimum wage in real dollars.
If we had kept it on par with when the minimum wage was first introduced, it’d be around $5.50.
Naxela on
What is the relevance of comparing a government set price floor for all jobs to the market wage of a corporate executive?
Phalanx808 on
Ah yes, everyone knows that a CEO’s salary is 5.
longhorn4598 on
You might want to point out that there’s always only 1 CEO per company, but successful companies will continue to grow. Wages per employee and Number of employees cannot grow at the same rate. That is why graphs look different.
No-Explanation7647 on
There hiring idiots to work at the gas station near me for $20 an hour… why you bring up the minimum wage? lol
20 Comments
Source: [https://www.epi.org/publication/ceo-pay-in-2020/](https://www.epi.org/publication/ceo-pay-in-2020/)
What the minimum wage actually should be:
– $15.00/hour in 2023
– $15.60/hour in 2024
– $16.08/hour in 2025
based on the following conditions:
– At least 50% of the US average wage.
– At least 60% of the US median wage.
– At least 100% of the US povery line for a family of 4 based on 2000 hours of work.
Every time you don’t scale an axis to zero, you’re lying
The legal minimum wage is irrelevant when the effective market minimum wage is so much higher ($15+ in most places). You’re comparing it to the market CEO compensation, so use market numbers for entry level wages. Technically the CEO “minimum wage” is $7.25 an hour as well, but that’s irrelevant, because that’s not what the market is paying.
now include the graph that shows the actual number of people earning minimum wage…
[https://www.statista.com/statistics/188199/wage-and-salary-workers-paid-hourly-rates-at-minimum-wage-since-1979/](https://www.statista.com/statistics/188199/wage-and-salary-workers-paid-hourly-rates-at-minimum-wage-since-1979/)
What is included in CEO salary? What dataset was used?
Odd way of showing it. Reality though is we shouldn’t have any minimum wage. It is a good thing that it is now low enough that it almost doesn’t matter anymore as nearly every employee makes more.
CEO multiple vs medium for the company is a valid concern. Minimum is a distraction.
So are you trying to say that, while the minimum wage has gone up by 7.5x, CEO pay has only gone up by 5x…because that’s how the data reads, but the shape of the charts cause the reader to drive a different conclusion at first glance until they digest the numbers.
For this to really beautiful you should find a way to overlay this
huh. turns out I shoulda been a CEO
Well damn… those are two very different graphs there.
How do you compensate for any growth in the size of a company a CEO is responsible for?
Ie, if the number of companies has decreased but gotten larger in personell and income, then CEO pay would naturally be expected to increase
Luigi few more CEOs and make laws enforced 55% of profits go to workers
That 1e7 is like Atlas holding up the world.
Reminds me of xkcd log scale: https://xkcd.com/1162/
I love how literally every time anyone talks about the minimum wage, on reddit, they always decide to start the chart at or near the peak of the federal minimum wage in real dollars.
If we had kept it on par with when the minimum wage was first introduced, it’d be around $5.50.
What is the relevance of comparing a government set price floor for all jobs to the market wage of a corporate executive?
Ah yes, everyone knows that a CEO’s salary is 5.
You might want to point out that there’s always only 1 CEO per company, but successful companies will continue to grow. Wages per employee and Number of employees cannot grow at the same rate. That is why graphs look different.
There hiring idiots to work at the gas station near me for $20 an hour… why you bring up the minimum wage? lol
Those productivity gains have to go somewhere.