Minimum Wage Out of Pace with Inflation

Not exactly a news item but I wanted to make sure I added it to my notebook.

If wages had kept pace with rising productivity since 1968, the average hourly wage would have been $24.56 in 2000, rather than $13.74. The minimum wage would be $13.80 – not [today’s] $5.15. A couple with two children would have to work a combined 3.3 full-time minimum wage jobs to make ends meet.

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Gay Hoosier Taurus INFJ ex-playwright pianist gymbunny published author in San Francisco. Tw · Fb