@[email protected] to politics @lemmy.world • 4 months agoIt has now been 15 years since the federal minimum wage rose to $7.25www.npr.orgmessage-square132fedilinkarrow-up1739
arrow-up1739external-linkIt has now been 15 years since the federal minimum wage rose to $7.25www.npr.org@[email protected] to politics @lemmy.world • 4 months agomessage-square132fedilink
minus-square...m...linkfedilink1•edit-24 months ago…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…
minus-square@[email protected]linkfedilink8•4 months agoWhere are you getting these wildly wrong numbers?
minus-square...m...linkfedilink2•edit-24 months agohttps://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)
minus-square@iknowitwheniseeitlink1•4 months agoBy 1950 though it was $1 an hour, which would be over $13 an hour today (using your sources below).
…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…
Where are you getting these wildly wrong numbers?
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)
deleted by creator
By 1950 though it was $1 an hour, which would be over $13 an hour today (using your sources below).