Comments | storyofthealamo: quoted from a "Faithful America" email

storyofthealamo

quoted from a "Faithful America" email

Jan 12, 2006 14:33

For more than EIGHT YEARS the federal minimum wage of $5.15 has not been increased. Since that time, inflation has eroded its value by more than 15 percent. Consequently, to have the purchasing power it had in 1968, the minimum wage would have to be $9.05 per hour today - an increase of $3.90. Minimum wage employees working full time, year round ( Read more... )

Comments 4

thisplagueofman January 12 2006, 20:11:47 UTC

things are going to change.

Vote Lummel in 2020
A Perfect Vision for the Future

storyofthealamo January 13 2006, 21:15:09 UTC

If i had a time machine, which I do, I would travel to 2020 right now and cast my vote, just to make sure i don't forget.

Why stop there... ? anonymous January 20 2006, 06:29:17 UTC

Let's just make it $50 an hour. Then even the poorest will make at least $50,000 + a year. We'll end poverty!

Love Apples to Apples. It does rock.

Cheers,
Econ nerd, a friend of a friend of a guy you once knew...

Minimum Wage winters500 January 25 2006, 04:10:30 UTC

While I do think a modest increase in the minimum wage, as well as tying it to inflation, would help allieviate poverty in this country, I'm not so sure that it should be a federal mandate. $10,700 in rural Missouri, for instance, has much greater purchasing power than it does in a city on either coast. I'd really like to see the states step up with minimum wage laws, as Oregon and one or two other states have. In Oregon it is tied to inflation, and goes up every year.

PS - I got your phone call a couple days ago, Dave. I haven't called back yet because I've pretty much been constantly on the train for the past three days. But I'm in Philly now! Hooray! I heard you were gonna come visit soon. Sweet.