Saturday, February 1, 2014
The Minimum Wage would be $21.72 if it had kept up with productivity.
If it kept up with the rise of the 1%'s income rise, it would be $25.18!
If it had only kept up with inflation, the wage should be at $10.52 today.
In the years between WWII and 1968, productivity and wages grew together
at a steady pace. Since its peak in 1968 the minimum wage has fallen behind.