Sunday, December 29, 2013

$18.30 Minimum Wage

Real value of the federal minimum wage, 1968–2013 and 2013–2016 under proposed increase to $10.10 by 2016, compared with its value had it grown at the rate of productivity or average worker wages (2013 dollars)
* Productivity and average wage projections from 2013 to 2016 do not include the Harkin-Miller proposal. [source]

"If the minimum wage had grown at the same rate as productivity, it would be $18.30 today," reports David Cooper of the Economic Policy Institute.

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