Tuesday, September 15, 2015

Minimum wage at historic low

Or close to. The figure below is not just the real minimum wage, which I posted before (most recently here). It is as it says the ratio of the minimum wage to the average wage.
The figure neatly shows that while in the 50s and 60s the minimum wage was about 50% of the average wage, since the 1980s it has been closer to a third. Read rest here.
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