RE: About minimum wage
October 10, 2016 at 9:24 am
(This post was last modified: October 10, 2016 at 9:32 am by The Grand Nudger.)
(October 10, 2016 at 9:17 am)abaris Wrote: A living wage for a full time job should be a human right. It was that way all through the 80ies and the early 90ies. The world and the economy didn't break down over that.
Where? Certainly not here. Our minimum wage in:
1980 - $3.10.
1990 - $3.80.
2000 - $5.15.
2010- $7.25.
Adjusted for inflation, our minimum wage peaked in 1968. From 1980 to 2007, it was declining. The last three years of last decade it rose back up to be worth what it is today. Which is also when we rose it in three steps -to- what it is today, by federal law. Assholes kicking and screaming the whole way. Same arguments then, as now, as always.
https://www.dol.gov/featured/minimum-wage/chart1
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