The minimum wage would be $16.50 an hour — $33,000 a year — if it had kept up with the growth of productivity since 1968.
To put the effect of this a different way, 40 percent of Americans now make less than the 1968 minimum wage, had the minimum wage kept pace with productivity gains.
MORE: http://www.blacklistednews.com/40%25_of_Americans_Now_Make_Less_Than_1968_Minimum_Wage/24375/0/38/38/Y/M.html
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