Sunday, June 23, 2013

Minimum Wage Workers Should Get a Raise | Economic Policy Institute

Minimum Wage Workers Should Get a Raise | Economic Policy Institute
"Finally, it’s worth noting that if the minimum wage had kept up with productivity growth over the last 45 years, it would now be around $19 per hour. That sounds outrageously high; it’s higher than the median wage, which is currently around $16.30 per hour. But we should be clear about why a $19 minimum wage sounds outrageous – in particular, why it is higher than the median wage—it is because the median wage is so low."