4 ms·
Whenever a minimum wage argument uses 1968, you know you don't need to take it too seriously. That was an outlier year with the highest historical value. Firs
by BurningFrog 5y ago
Whenever a minimum wage argument uses 1968, you know you don't need to take it too seriously.
That was an outlier year with the highest historical value.
First Google graph: https://www.today.com/money/good-graph-friday-minimum-wage-worth-less-1968-6C9678220 https://www.today.com/money/good-graph-friday-minimum-wage-w...
- frankbreetz 5y ago1968 appears to be when the correlation between minimum wage growth and productivity growth stopped. You could use any year between the late 40s and early 70s (it's hard to be precise with the chart in the article) and you would get a similar result.
- timbit42 5y agoThis is when gold was decoupled from the dollar and money printing began.