Nov 1, 2021
NO.
De facto numbers are averaged. Minimum wage is for an absolute, uncrossable line.
With Bloomberg's dishonest way of calculating you can have a de-facto minimum wage of 15 and *still* have many people on 8. Or do you seriously believe that there is not even one cleaner, housekeeper, day-worker, waiter or gardener on less than 15 dollars an hour in America?