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.
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.