What would the minimum wage be if it kept up with inflation?
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Studied at Harvard University, Lives in Cambridge, MA
According to the Pew Research Center, when adjusted for inflation, the federal minimum wage in America peaked at $8.54 in 1968. If the federal minimum wage had kept up with increases in worker productivity since then, in 2012 it would have been $21.72 an hour.Sep 7, 2015
2023-06-16 21:35:06
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Charlotte Bailey
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According to the Pew Research Center, when adjusted for inflation, the federal minimum wage in America peaked at $8.54 in 1968. If the federal minimum wage had kept up with increases in worker productivity since then, in 2012 it would have been $21.72 an hour.Sep 7, 2015