Quote:
Originally Posted by fintstone
In 1968, the "minimum wage" really was not the true minimum like now. An awful lot of folks did not make that much.
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An awful lot of people don't make it now.
That chart is from the BLS and as such, presumably charts the change in the official FLSA minimum wage. The FLSA sets the minimum wage, and it is what the FLSA says it is. It was $1.15 in 1968, in 2012 it was $7.25. The comparison is valid.