Minimum Wage Raises Might Not Be All They Seem To Be
by Democracy Collaborative on Mar 4, 2014 | Views: 87 | Score: 0
| 1968 | 2007 | |
|---|---|---|
| Minimum Wage (Adjusted for Inflation) | 9.25 | 7.25 |
Sources:
thenation.com
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by Democracy Collaborative on Mar 4, 2014 | Views: 87 | Score: 0
In 2007, people got excited about federal legislation raising the minimum wage from $5.15 to $7.25 an hour. This was obviously good, but the long-term negative trend continued nonetheless. The minimum wage, adjusted for inflation, was more than $2 higher in 1968.