Quote:
Originally Posted by arock10
The min wage was over $10 in the 1970s when taking inflation into account
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The minimum wage was $1.45 in 1970 and the average income was $10,000
Now...through our federal govt. printing money from thin air...our dollar is useless. And raising up the minimum wage even further will make the dollar even more useless.
So I see it like this...today's current minimum wage (and only 1.1% of the entire workforce actually makes only minimum wage...98.9% make MORE than that...and THEY are the ones who will suffer) is $7.25
Our 2014 dollar is only worth 6 cents in 1970 dollar power.
Whose fault is that? The companies that are employing people?
Or the govt. that regulates and taxes and then STILL runs up 17 trillion dollars in debt and destroys our monetary system.
I think you are looking at the wrong "villain" here.
But it's not surprising. The media and the govt. are playing us all like fools while they make out like bandits.