Since 1968, Productivity Has Doubled, Wage Min. Has Declined


by Anthony Sibley (AJ) on Nov 7, 2013 | Views: 83 | Score: 0
Sources: cepr.net
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Anthony Sibley (AJ)
Anthony Sibley (AJ) on Nov 7, 2013 8:31 AM said:

Compared to labor productivity growth, a common benchmark for comparing the minimum wage, the current federal wage minimum has lagged significantly behind average labor productivity since 1968. Even if the minimum wage only grew at one-fourth the rate of productivity, it would still currently be $4 more, at $12.25. Employees nowadays are producing more and getting paid less for it.