Federal minimum wage in:
2009: $7.25
2010: $7.25
2011: $7.25
2012: $7.25
2013: $7.25
2014: $7.25
2015: $7.25
2016: $7.25
2017: $7.25
2018: $7.25
2019: $7.25
2020: $7.25
2021: $7.25
2022: $7.25
The result: It's now worth 41% less today than it was in 1968.
@rbreich I was looking up dollar values the other day for comparison on prices of things, with a target date of 1964.
1 USD in '64 was roughly equivalent to 10 today. The federal minimum wage was 1.15. So, roughly 11-11.50 nowadays.
So, purely in inflationary terms, yes: legal minimum wage is barely over *half* what it was in 1964 now.
Robert Reich
GuerillaGrue