Putting a $9 Minimum Wage in Context – David Cooper, EPI

The bottom line, as Dean Baker has pointed out, is that over the last 40 years, minimum-wage workers have not seen the benefits of a growing economy.  As productivity has increased and the economy has expanded, the minimum wage has been left to stagnate.  Imagine what the minimum wage would look like today if it had kept pace with productivity growth.  Figure 3 shows the actual value of the minimum wage over time, compared with what it might have been under three other scenarios.




Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s