For labor day - an unhappy anniversary

[hfojvt]

"September 1 marks eight years since the last federal minimum wage increase. In that time, its purchasing power has fallen 17 percent. Compared to average private sector wages, the minimum wage has sunk to its lowest point since 1949.

“Unhappy Anniversary,” a new report by Jared Bernstein, senior economist at the Economic Policy Institute and Isaac Shapiro, associate director of the Center on Budget and Policy Priorities, examines the shrunken state of the minimum wage."


http://www.cbpp.org/9-1-05mw.pdf