The first minimum wage was instituted in 1938, 25 cents an hour. The minimum wage has been raised 28 times. On the average, a little more than every 3 years.
The only impact was less poverty. Inflation did not sore, businesses did not go under, jobs were not destroyed. The current claims against an increase in the minimum wage is not founded in fact. 75 years of data proves that a living wage is a top government tool to reduce poverty and removing working people from government assistance.
The claim that a rising minimum wage causes inflation is like claiming that trees deciding to sway causes the wind to blow.
To reduce government spending the right way, raise the minimum wage. No one who works full time should qualify for food or housing assistance.
Source of the data: US Department of Labor. http://www.dol.gov/whd/minwage/chart.htm
Nonfarm |
Farm |
|||||||
Oct 24, 1938 |
$0.25 |
|||||||
Oct 24, 1939 |
$0.30 |
|||||||
Oct 24, 1945 |
$0.40 |
|||||||
Jan 25, 1950 |
$0.75 |
|||||||
Mar 1, 1956 |
$1.00 |
|||||||
Sep 3, 1961 |
$1.15 |
$1.00 |
||||||
Sep 3, 1963 |
$1.25 |
|||||||
Sep 3, 1964 |
$1.15 |
|||||||
Sep 3, 1965 |
$1.25 |
|||||||
Feb 1, 1967 |
$1.40 |
$1.40 |
$1.00 |
$1.00 |
||||
Feb 1, 1968 |
$1.60 |
$1.60 |
$1.15 |
$1.15 |
||||
Feb 1, 1969 |
$1.30 |
$1.30 |
||||||
Feb 1, 1970 |
$1.45 |
|||||||
Feb 1, 1971 |
$1.60 |
|||||||
May 1, 1974 |
$2.00 |
$2.00 |
$1.90 |
$1.60 |
||||
Jan. 1, 1975 |
$2.10 |
$2.10 |
$2.00 |
$1.80 |
||||
Jan 1, 1976 |
$2.30 |
$2.30 |
$2.20 |
$2.00 |
||||
Jan 1, 1977 |
$2.30 |
$2.20 |
||||||
Jan 1, 1978 |
$2.65 for all covered, nonexempt workers |
|||||||
Jan 1, 1979 |
$2.90 for all covered, nonexempt workers |
|||||||
Jan 1, 1980 |
$3.10 for all covered, nonexempt workers |
|||||||
Jan 1, 1981 |
$3.35 for all covered, nonexempt workers |
|||||||
Apr 1, 19904 |
$3.80 for all covered, nonexempt workers |
|||||||
Apr 1, 1991 |
$4.25 for all covered, nonexempt workers |
|||||||
Oct 1, 1996 |
$4.75 for all covered, nonexempt workers |
|||||||
Sep 1, 19975 |
$5.15 for all covered, nonexempt workers |
|||||||
Jul 24, 2007 |
$5.85 for all covered, nonexempt workers |
|||||||
Jul 24, 2008 |
$6.55 for all covered, nonexempt workers |
|||||||
Jul 24, 2009 |
$7.25 for all covered, nonexempt workers |
The key thing you did not mention was that your facts get in the way of talking points. Of course raising the minimum wage in the past has not devastated the economy, but that is not the talking point that some people want out there. Raising the minimum wage affects the bottom line, and why should people actually be paid a decent wage if it impacts the profits of a corporation and its upper management? (question was asked sarcastically of course).
As you pointed out, rightly, a reduction of government spending would occur if the minimum wage were to be raised. In addition, tax revenue would increase since people would have more taxable income. Sounds like a win-win to me.
Thanks for continuing to share information like this, and keep it coming!
I do appreciate your comments, thanks for taking the time and making the effort.
These days it’s no pension, no employee health care, no sick leave, no paid vacation, either too few hours to make ends meet or too many that you cannot attend to family. $9 an hour – take it or leave it. It is insulting and the worst worker exploitation in our history since moving from agriculture to industry. But the megacorps and megabanks have been very successful in union busting and in convincing the very people that need unions most that unions are the problem. Our biggest exports are industry profit and jobs elsewhere. Thanks visit my blog.
Yep, the divide in government is very strong. On the right, the wealthy 1% are the rightful owners of the country. On the left, America is a land of opportunity for everyone.
You write a nice blog. Thanks for visiting mine.