The Rise and Fall of Minimum Wage

I don’t really have a strong view about minimum wage – I can sympathize with both sides of the argument and frankly it’s not something I spend much time thinking about.  However, I did find this chart to be pretty interesting.  It clearly makes the point that minimum wage is much lower in real and relative terms than it used to be.

minwage

 

Source: New York Times

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: