Federal minimum wage graphics

Based on this report from the Economic Policy Institute Federal minimum wage increase comes this EPI info graphic pointing to some useful comparisons for general readers:

The inflation-adjusted value of the minimum wage is lower today than it was in 1968. If the value of the minimum wage had kept pace with average wages since then, it would be $10.50 today. If it had increased alongside productivity, it would be $18.75 today. And if it had increased at the same rate as the wages of the top 1.0 percent, it would be over $28 per hour.

Comments (10) | |