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The real, inflation-adjusted, value of the federal minimum wage has fallen dramatically over time. The real value of the federal minimum wage peaked in 1968 at 10.85 an hour, 50 percent above the current level. Moreover, since 1968, average U.S. labor productivity has risen by roughly 140 percent. This means that, if the federal minimum wage had risen in step with both inflation and average labor productivity since 1968, the federal minimum wage today would be $26.00 an hour. If a worker today is employed full time for a full 52-week year at a minimum wage job today, she or he is making $15,080. This is 21 percent below the official poverty line for a family of three. Raising the minimum wage to $15 an hour would deliver much needed living standard improvements to 76 million U.S. workers and their families. The average age for these workers is 36 years old and they have been in the labor force for an average of 17 years. Only 6 percent of the workers who would benefit from this minimum wage increase are teenagers; i.e., 94 percent are adults. It's worth noting that there are 810 economists, including 210 who have PhD's in economics, and 7 Nobel Prize Laureate economists, who agree with Bernie Sanders proposals 🇺🇸 ––––––––––––––––––––––––––– 👍🏻 Turn On Post Notifications! 📝 Register To Vote 📢 Raise Awareness For Our Revolution 💰 Donate to Bernie ––––––––––––––––––––––––––– FeelTheBern DemDebate BernieSanders Bernie2016 Hillary2016 GopDebate Obama HillaryClinton President BernieSanders2016 election2016 trump2016 Vegan BlackLivesMatter birdieSanders Vote NewYork California Cali Caucus Primary BernieOrBUST WhichHillary NeverHillary HillaryForPrison ToneDownForWhat Wisconsin –––––––––––––––––––––––––––: THAT FACE YOU MAKE WHEN YOUR S15 AN HOURMINIMUM WAGE PROPOSAL GOES FROM "UNREALISTIC" TO A REALITY FOR 60 MILLION AMERICANS IN NEW YORK AND CALIFORNIA The real, inflation-adjusted, value of the federal minimum wage has fallen dramatically over time. The real value of the federal minimum wage peaked in 1968 at 10.85 an hour, 50 percent above the current level. Moreover, since 1968, average U.S. labor productivity has risen by roughly 140 percent. This means that, if the federal minimum wage had risen in step with both inflation and average labor productivity since 1968, the federal minimum wage today would be $26.00 an hour. If a worker today is employed full time for a full 52-week year at a minimum wage job today, she or he is making $15,080. This is 21 percent below the official poverty line for a family of three. Raising the minimum wage to $15 an hour would deliver much needed living standard improvements to 76 million U.S. workers and their families. The average age for these workers is 36 years old and they have been in the labor force for an average of 17 years. Only 6 percent of the workers who would benefit from this minimum wage increase are teenagers; i.e., 94 percent are adults. It's worth noting that there are 810 economists, including 210 who have PhD's in economics, and 7 Nobel Prize Laureate economists, who agree with Bernie Sanders proposals 🇺🇸 ––––––––––––––––––––––––––– 👍🏻 Turn On Post Notifications! 📝 Register To Vote 📢 Raise Awareness For Our Revolution 💰 Donate to Bernie ––––––––––––––––––––––––––– FeelTheBern DemDebate BernieSanders Bernie2016 Hillary2016 GopDebate Obama HillaryClinton President BernieSanders2016 election2016 trump2016 Vegan BlackLivesMatter birdieSanders Vote NewYork California Cali Caucus Primary BernieOrBUST WhichHillary NeverHillary HillaryForPrison ToneDownForWhat Wisconsin –––––––––––––––––––––––––––

The real, inflation-adjusted, value of the federal minimum wage has fallen dramatically over time. The real value of the federal minimum...

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Hillary's Duality (Gollum/Smeagol): WHICH HILLARY? Smeagol-Hillary Gollum-Hillar Iraq War: Voted in favor. 2011 email to corporate execs Iraq War: "I made a mistake, plain and simple." (2015) specifically from Exxon-Mobil and JP Morgan: "It's time for the U.S. to start thinking of Iraq as a business opportunity JPMorgan collectively paid the Clintons & Clinton Founda tion at least $450K for speeches & Exxon-Mobil donated over $1 million to the family's foundation On marriage equality: (Pre-2013)" believe, marriage is a On marriage equality: "l support marriage for lesbian and gay sacred bond between a man and a woman. couples." (2013) Immigration: "They [children] should be sent back. We have mmigration: "We need to show humanity. Deporting them to send a clear message which is contrary to our core values, just makes no sense 1994 Crime b It's a very well thought out crime bill that is 1994 Crime b went further than it needed to go and so now both smart and tough." Also: "Super predators we are facing problems with mass incarceration Welfare Reform: "l worked hard to round up votes for its Welfare Reform: "my endorsement outraged some of our most passage." "Irecipients no longer deadbeats." (1996) loyal supporters. In the painful aftermath, realized that I had crossed the line from advocate to policy maker." (2003) NAFTA: "I think everyone is in favor of free and fair trade NAFTA: 'I have been a critic of NAFTA from the very begin and I think that NAFTA has proven its worth. (1996) ning. have spoken consistently against NAFTA." (2008) Trans-Pacific Partnership (TPP): "TPP sets the gold stand Trans-Pacific Partnership (TPP): "I waited until it had actually and in trade agreements" (2012 been negotiated As of today, I am not in favor" (2016) $15/hr min. wage: "As president, I will work to raise the $15/hr min. wage: Waits until $15/hr m.w. passes in NY & CA minimum wage to S12hr (Feb. 2016) to endorse it. "I will fight to raise min. wage to S15" (Apr. 2016) Wall Street financial crisis: "Who's exactly to blame for the Wall Street financial crisis: "I went to Wall Street and basically housing crisis "Home buyers...should have known they said cut it out.'" (2015) were getting in over their heads (2007) On Progressive values: "I get accused of being kind of On Progressive values: "I have been very consistent over the moderate and center, I plead guilty." (2015) course of my entire life. I'm a progressive..." (2015) Bosnia visit: "I remember landing under sniper fire, there Bosnia visit: (No sniper fire and welcoming ceremony was not was supposed to be a welcoming ceremony but instead we cancelled) "I made a mistake in describing it. just ran with our heads down to get into our vehicles Hillary's Duality (Gollum/Smeagol)
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