If you look at minimum wage purchasing power over time, it peaked in about 1970, with about $15-equivalent 2025 dollars.
That tracks fairly closely with purchasing power having declined 68% since the last time minimum wages were updated.
Should probably tie it to inflation while we're in there
If you look at minimum wage purchasing power over time, it peaked in about 1970, with about $15-equivalent 2025 dollars.
That tracks fairly closely with purchasing power having declined 68% since the last time minimum wages were updated.
Should probably tie it to inflation while we're in there