HUMOR

We Need A $1,000 Minimum Wage. It’s The Only Way To Fix The Economy

It’s how we fix the cost of living crisis

Matt Lillywhite
3 min readMay 17, 2022

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Photo licensed via IStockPhoto

A lot of people are struggling to make ends meet.

Inflation is skyrocketing. Working-class families can’t pay rent, buy groceries, and afford other necessities of life. And to make things worse, it’s more expensive than ever to drive to work thanks to high gas prices.

Despite all of the doom and gloom surrounding the modern economy, there is a solution: pay everyone $1,000 per hour. I mean, it’s not like such a policy would create a never-ending spiral of hyperinflation, right?

A $1,000 Per Hour Minimum Wage Could Solve The Cost Of Living Crisis

“Inflation is costing U.S. households an extra $341 a month,” according to CNBC. “The cost of eggs rose 10.3% from last month, while milk was up 3.1% and chicken prices increased 3.4%. Butter increased 3.7% month over month, compared with a 7.1% hike in margarine prices.”

With the Federal minimum wage currently set at $7.25 per hour, employees have to work more than sixty minutes to afford a single item at the grocery store. For example, a steak can easily cost $18 at Walmart. That’s 2.4 hours’ worth of work for something I can devour in ten seconds.

Everyone knows that a $1,000 minimum wage would make life easier for millions of people. Employees could buy a month’s worth of groceries with an hour’s worth of work. And, of course, they could dine at expensive restaurants without worrying about the cost.

When companies finally pay people a reasonable wage, employees will show up to work with a smile. They won’t be worried about inflation anymore as prices will stay the same while the minimum wage gets hiked to something a lot more reasonable such as $1,000 per hour.

A Higher Minimum Wage Will Allow Everyone To Buy A Home

64% of Americans reportedly live paycheck to paycheck. And with the housing market heating up, many people are being priced out of their own neighborhoods.

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