Feb 23, 2013

40% of Americans Now Make Less Than 1968 Minimum Wage

Economist Dean Baker describes one effect of this in Minimum Wage: Who Decided Workers Should Fall Behind?

“If the minimum wage had risen in step with productivity growth [since 1968], it would be over $16.50 an hour today. That is higher than the hourly wages earned by 40 percent of men and half of women.”

Please continue reading at: http://thecontributor.com/40-americans-now-make-less-1968-minimum-wage