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Of course, with the caveat that its adjusted for inflation. For example, in 1997, minimum wage in California was $5/hour, and in 2018 it's $10.50-$11/hour [0].
by ac29 8y ago
Of course, with the caveat that its adjusted for inflation. For example, in 1997, minimum wage in California was $5/hour, and in 2018 it's $10.50-$11/hour [0]. So, minimum wage workers are making over double in current dollars, which the article claims is a 1% decrease in real wages, which would be more accurately described as "flat", not "down".
[0] https://www.dir.ca.gov/iwc/MinimumWageHistory.htm https://www.dir.ca.gov/iwc/MinimumWageHistory.htm
- tdb7893 8y agoIn the article they mention minimum wage and the fact that their decrease had been less than average. Middle class workers wages are down 14%