NYcarbineer
Diamond Member
If the min wage were tied to the Vietnamese Dong it would be much lower. But keep spinning.Dunderhead, poverty is higher BECAUSE of the higher min wage. Do you not get this?I'm sorry, you don't get to bitch about poverty and at the same time be against raising the minimum wage.
The minimum wage is not higher. It's been falling for 45 years.
perhaps you should get help with math
--LOL
And you need help with reasoning.
Minimum Wage Would Be $21.72 If It Kept Pace With Increases In Productivity
The minimum wage in 2012 if it kept up with increases in worker productivity, according to a March study by the Center for Economic and Policy Research. While advancements in technology have increased the amount of goods and services that can be produced in a set amount of time, wages have remained relatively flat, the study points out.
Even if the minimum wage kept up with inflation since it peaked in real value in the late 1960s, low-wage workers should be earning a minimum of $10.52 an hour, according to the study.
Between the end of World War II and the late 1960s, productivity and wages grew steadily. Since the minimum wage peaked in 1968, increases in productivity have outpaced the minimum wage growth.
The current minimum wage stands at $7.25 an hour. In 2011, more than 66 percent of Americans surveyed by the Public Religion Research Institute supported raising this figure to $10.
Minimum Wage Would Be 21.72 If It Kept Pace With Increases In Productivity Study
Here's the killer graph. None of the libs will even begin to understand it.
Your graph is only valid if minimum wage increases outpace the rate of inflation or outpace economic growth which creates demand for more labor.