Please keep in mind that MEDIAN household income grew 14% from 1968 to present — as per capita GDP doubled – ONLY because more persons worked more hours per household.
When is the Berkeley Economics faculty (my California driver’s license says — not exactly correctly — that I have lived in Berkeley since 1996) going to try to make their (our? :-])hometown minimum wage $15/hr?
Links to the best (so-called) “inequality” (try “Great Wage Depression” to be catch the catastrophic depth) graphs I’ve ever seen.
http://www.census.gov/prod/2012pubs/p60-243.pdf (go to p.5)
http://research.stlouisfed.org/fred2/graph/?g=djN
http://delong.typepad.com/delongslides/2008/08/income-gains-19.html
Please keep in mind that MEDIAN household income grew 14% from 1968 to present — as per capita GDP doubled – ONLY because more persons worked more hours per household.
Hubert Humphrey wanted to make the minimum wage $10.63/hr in 1956 (LBJ as Senate majority leader did make it $8.50/hr).
http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1.25&year1=1956&year2=2012
LBJ as president made the minimum wage $10.64/hr in 1968.
http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1.60&year1=1968&year2=2012
When is the Berkeley Economics faculty (my California driver’s license says — not exactly correctly — that I have lived in Berkeley since 1996) going to try to make their (our? :-])hometown minimum wage $15/hr?
they’re halting barges on the Mississippi, which handle about 60 percent of the nation’s grain, as well as 22 percent of its oil and 20 percent of its coal; it may be shut till february if the drought persists…
meanwhile, the corps of engineers is holding back the missouri river in south dakota, where hundreds of millions of gallons of water will be used by N Dakota frackers..
rjs
thanks for telling us about this. sadly, no one will DO anything about it.
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