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Minimum Wage Adjusted for Inflation

by bill - 2013-08-15 - ( life / money / employment )

I don't agree that this is a valid calculation. But, for what it's worth, my brother sent this out recently.

50 years ago the minimum wage was 1.25 (1963). See dol.gov/whd/minwage/chart.pdf.

• A 1963 dime (90% silver) is now worth 1.9
• 19 x 1.25 = $23.75

That's what the minimum wage would be, adjusted for inflation. I think this discrepancy should be reimbursed retroactively by the "elite" 1%! :)

See also ...

• the_minimum_wage_popular_with_the_public_but_not
• customers_flee_walmart_empty_shelves_for_target
• switzerland_shows_us_how_to_handle_ceos

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