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.
Nutella1 wrote:agip wrote:Or is it?
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.
The minimum wage hasn't been adjusted in a long time.
If you adjust for inflation, the results would be different.