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This right here. In fact minimum wage adjusted for inflation is behind. Minimum wage in 1969 was much lower, but based on the cost of living was about $11 in 2016 dollars.
Except 1968 was the high water mark for purchasing power for the minimum wage, NOT the average.
And in 1968, I suspect various welfare benefits were less generous, and income taxes on those wages was probably higher (although SS & Medicare taxes would have been much lower, so that might be a wash).
And in 1968, I suspect various welfare benefits were less generous, and income taxes on those wages was probably higher (although SS & Medicare taxes would have been much lower, so that might be a wash).
That makes no sense why in 78 years would the min wage only go up 3.94 especially with costs of other things rising? In 1968 adjusted for inflation the min wage was over $10 but you think it should go down to 4.19?
That makes no sense why in 78 years would the min wage only go up 3.94 especially with costs of other things rising? In 1968 adjusted for inflation the min wage was over $10 but you think it should go down to 4.19?
Demand-pull Inflation causes prices rise is to conserve goods, services and resources.
What you're advocating is the destruction of goods, services and resources.
Demand-pull Inflation causes prices rise is to conserve goods, services and resources.
What you're advocating is the destruction of goods, services and resources.
Isn't your opposition to lower housing standards for low-wage workers effectively denial of adapting to a reduction in resources?
You seem to insist minimum wage workers cannot be housed below middle class standards even if minimum wage workers cannot afford your lofty standards!
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