Minimum wage increase from $7.25 to $9.00 per hour

[Napoleon]

Yes its about right- for now.

[Napoleon]

This graph is interesting.  If we tied the minimum wage to productivity, we'd be much better off today.


Instead, the right thinks it's alright to pay people less money to do more work.  That a falling standard of living is a-okay as long as profits are high!

Its extremely bizarre to hear an argument that basically promotes feudalism, but I think if the Tea Party types had their way then that's where we would be. Economically and culturally feudalist.

[Napoleon]

The problem with Snowguy's analysis is that it assumes that productivity for minimum wage workers tracks overall productivity. There's ample evidence that it doesn't.

The inequity, if it exists in any significant amount, certainly would have grown under Reagan much in the same way Snowguy's data shows. The US created real problems adopting Reaganomics and if we continue to affirm those policies we won't be doing ourselves any favors.