ThatOwlWoman (06-26-2018)
Nope. https://www.huffingtonpost.com/2013/...n_2680639.html It would be about 11. Factor in productivity it is over 21.
Guno צְבִי (06-26-2018)
It would not be $11 if indexed to inflation from the beginning. You only get $11 if you cherry pick the early 1960s when it peaked in real value.
"Even if the minimum wage kept up with inflation since it peaked in real value in the late 1960s, low-wage workers should be earning a minimum of $10.52 an hour, according to the study." [But only $4.43 if indexed to inflation since 1938 when the minimum wage went into effect.]
I bet most workers who work in an industry that has seen big increases in productivity already make over $21. That does not apply to janitors, retail clerks, etc.
Guno צְבִי (06-26-2018)
Compute it yourself. Minimum wage was .25 in 1938. Go to a inflation calculator and see what that would be today. It is $4.43. Corporate profits and productivity have nothing to do with inflation. The only topic I was addressing was what the minimum wage would be today if indexed to inflation. You claimed $21, but that is incorrect based on a cherry picked number of the minimum wages all-time high value.
"Median weekly earnings of the nation's 113.4 million full-time wage and salary workers were $881 in the first quarter of 2018 (not seasonally adjusted), the U.S. Bureau of Labor Statistics reported today.
Of course, Trump and the GOP slashed federal revenue while making the rich even richer, and doing virtually nothing for the rest of us. The deficit no longer matters. Neither does the debt.
RINO is the term for that rare Republican who puts country above party.
Right wing = lie, lie, and lie some more.
"When I am president I'm going to be working for you. I'm not going to have time to play golf" Donald J. Trump, world class snake oil salesman and compulsive golfer August 2016
The definition of "racist" as "anyone who is white" is itself racist.
Originally Posted by Colin Powell
Guno צְבִי (06-26-2018), ThatOwlWoman (06-25-2018)
Compute if from 1960. It was a different world in 1938 just escaping the depression. https://inequality.org/research/minimum-wage/
"Capitalism is like a dead herring in the moonlight,it shines but it stinks".
We need a Socialist Revolution.
Guno צְבִי (06-26-2018)
[QUOTE=Flash;2444317]Using 1960 it was $1.00 per hour. Indexed to inflation that is $8.59 in May, 2018.[/QUOTmin wage 1960
1968 10.74. http://www.businessinsider.com/the-r...x-that-2013-12 and there is this. https://www.dollartimes.com/inflatio...t=11&year=1968 Buying power in the 70 buck range now.
"It [the draft] is duty rather than slavery. I part with the author on the caviler idea that individual freedom (whatever that may be to the person) leads to nirvana, anyone older that 12 knows that is BS."
-(Midcan5)
"Allow me to masturbate my patriotism furiously and publicly at this opportunity."
-(Ib1yysguy)
"There is no 'equal opportunity' today unless the government makes it so."
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"abortion is not killing Its birth control"
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"It [the draft] is duty rather than slavery. I part with the author on the caviler idea that individual freedom (whatever that may be to the person) leads to nirvana, anyone older that 12 knows that is BS."
-(Midcan5)
"Allow me to masturbate my patriotism furiously and publicly at this opportunity."
-(Ib1yysguy)
"There is no 'equal opportunity' today unless the government makes it so."
-(apple0154 )
"abortion is not killing Its birth control"
-(Desh)
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