Quote:
Originally Posted by wdfifteen
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.
|
No. Because a much larger percentage of the population actually received much less than minimum wage. It was only the minimum for the lucky few. Much of the population was exempt when it was enacted...but few are now. Every few years, less and less were exempt.
When I was young, few made as much as minimum wage...now few make as little.
__________________
74 Targa 3.0, 89 Carrera, 04 Cayenne Turbo
http://www.pelicanparts.com/gallery/fintstone/
"The problem with socialism is that you eventually run out of other people's money"
Some are born free. Some have freedom thrust upon them. Others simply surrender