4 ms·
Ok great, how about for the people of current working generations? The purchasing power of the minimum wage peaked in 1970. And that's using the official inflat
by tenuousemphasis 5y ago
Ok great, how about for the people of current working generations? The purchasing power of the minimum wage peaked in 1970. And that's using the official inflation data, which means the real purchasing power is even lower.
https://en.wikipedia.org/wiki/Minimum_wage_in_the_United_States#/media/File%3ATimeline_of_federal_minimum_hourly_wage_for_nonfarm_workers_for_the_United_States._And_inflation-adjusted.gif https://en.wikipedia.org/wiki/Minimum_wage_in_the_United_Sta...
- missedthecue 5y agoThe thing missing from this is that no one pays $7.25 any more, even though it is technically the minimum wage. Take it from me, someone who has an entry level job (customer service).