3 ms·
Hey, great. So you're for minimum wage increases, then, because we haven't been raising the real minimum wage. See here: http://www.fivecentnickel.com/images/mi
by astazangasta 10y ago
Hey, great. So you're for minimum wage increases, then, because we haven't been raising the real minimum wage. See here: http://www.fivecentnickel.com/images/minwage_2008_1.png http://www.fivecentnickel.com/images/minwage_2008_1.png
You can see that the federal minimum wage peaked in real dollars in 1968 (not coincidentally, the heyday of labor) - since that time, capital won the class war and the real minimum wage has dropped, even though the nominal federal minimum went up.
If we kept up with that high point, the federal minimum should be something like 40% hire than it is, more like $12.50.