If the minimum wage of 1980 had been updated to follow actual inflation, it would now be over $19 per hour. And that was computed in last year's money.
Every year for decades, we Americans have gotten raises that failed to follow the actual rise in prices, consistently making it harder and harder to get ahead.
I reserve the right to delete patently offensive comments. Or, really, any comment I feel like. Or I might leave a really juicy comment up for private ridicule. Also spammers.
You can always offend hippies in the comment section. Chances are, those will be held up as a proper example...
If the minimum wage of 1980 had been updated to follow actual inflation, it would now be over $19 per hour. And that was computed in last year's money.
ReplyDeleteEvery year for decades, we Americans have gotten raises that failed to follow the actual rise in prices, consistently making it harder and harder to get ahead.
Just the facts. The truth shall make ye fret.
Inflation was awful in 1980, too.
ReplyDelete