Us Minimum Wage Adjusted For Inflation, Minimum Wage In The United States Wikipedia
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Interesting thing is that incomes minimum wage households income senator income are growing slower than m2 money supply rate while debts goverment debt households debt are growing faster than m2 money supply rate.
Marijuana news europe. Raising the minimum wage has been attacked on at least two fronts. The current 725 national minimum wage for instance is now worth 16 less than when it was enacted in july 2009. The minimum wage was instituted during the tail end of the great depression.
The argument that minimum wages increase inflation. Adjusted for inflation the first federal minimum wage was around 450 but a year later it increased to an inflation adjusted 540 an hour. Adjusted for inflation the federal minimum wage is worth less than 50 years ago published thu jul 21 2016 1225 pm edt updated mon jul 25 2016 445 pm edt kate rogers atkaterogers.
The minimum wage reached its inflation adjusted historic high in 1968 when it was raised from 140 to 160 per hour. When president franklin d. First economists argue that such a minimum creates an artificial floor in.
Up and down but mostly down for the last 50 years us. Roosevelt signed americas first federal minimum wage into law in 1938 it was 25 cents per hour. Adjusted for inflation that would be worth about 445 today.
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