It has now been 15 years since the federal minimum wage rose to $7.25
It has now been 15 years since the federal minimum wage rose to $7.25
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...not to sing the praises of minimum wage, but if it kept pace with inflation from when i was compensated accordingly it'd be $8.05 today; if it kept pace with its inception hourly folks today would be paid $5.57...
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Where are you getting these wildly wrong numbers?
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https://www.dol.gov/agencies/whd/minimum-wage/history/chart
https://www.bls.gov/data/inflation_calculator.htm...you can do the math yourself: minimum wage has never been pretty but false assertions undermine the legitimacy of reform advocacy...
(edit: these same values are clearly graphed across the entire history of the federal minimum wage in the parent article)
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By 1950 though it was $1 an hour, which would be over $13 an hour today (using your sources below).
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