The American Bear


The Minimum Wage in Context

There aren’t many stats that show how far workers have fallen in this country over the last few decades better than this one: Minimum-wage workers earned about 30 percent more in the 1960s than they do in 2012. The minimum wage peaked at $10.47 in inflation-adjusted terms in 1968, which is still higher than any minimum wage in the country. It’s worth noting that the unemployment rate was much lower back then too.

(Source: azspot)