interesting story on the minimum wage today - what percent of workers would you guess make minimum wage? the answer is less than 4% and falling dramatically. Through the 70s and 80s it was generally around 8% and in double digits until around '84.
So that's good.
Or is it?
The minimum wage hasn't been adjusted in a long time.
If you adjust for inflation, the results would be different.
maybe not as much as you think - check out this table of inflation adjusted minimum wage. The min wage has actually been lower some years in the past in real dollars. And sometimes it was higher.