The American Bear

Sunshine/Lollipops

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)