SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: sea_biscuit who wrote (36861)9/14/2000 4:38:52 PM
From: Elvis Jones  Read Replies (1) | Respond to of 769667
 
Just how many jobs are paying minimum wage these days? You can easily get a job in St. Louis for more than minimum - even at McDonald's!



To: sea_biscuit who wrote (36861)9/14/2000 5:51:04 PM
From: Neocon  Read Replies (2) | Respond to of 769667
 
census.gov

In constant dollars, in 1985, men's median wages/salaries came to $27,371. In 1988, it was $28,504. In '98, $29,007.

Women: '85, $14,650/'88, $15, 603/'98, $18,038.



To: sea_biscuit who wrote (36861)9/14/2000 5:58:18 PM
From: Bill  Read Replies (2) | Respond to of 769667
 
Wrong.

Thanks, Neocon, for again proving that dems make it up as they go along.



To: sea_biscuit who wrote (36861)9/14/2000 7:14:09 PM
From: flatsville  Read Replies (2) | Respond to of 769667
 
Re: Minimum Wage--

The figure also shows the 30% decline in the minimum wage over the 1980s, when Congress failed to adjust the wage floor for nine years. Even with the recent increases in the 1990s, the inflation-
adjusted minimum was 21% lower in 1999 than in 1979.


epinet.org

See Figure 1 (a picture is worth a thousand words.)

>>>Figure 1 shows the inflation-adjusted minimum wage from 1955 to 1999, in 1999 dollars. Since the minimum wage is not indexed (e.g., to inflation or to some measure of wage growth), when Congress fails to increase its value, it declines in real terms. Thus, each uptick in the figure's graph represents a mandated increase, while the downward trends represent periods when the real value was eroded by inflation. The minimum wage peaked in 1968, when it stood at $7.07 in 1999 dollars.[3] The figure also shows the 30% decline in the minimum wage over the 1980s, when Congress failed to adjust the wage floor for nine years. Even with the recent increases in the 1990s, the inflation-
adjusted minimum was 21% lower in 1999 than in 1979.<<<