1960. $1.00. $2.15. 47%
1965. $1.25. $2.46. 51%
1970. $1.60. $3.17. 50%
1975. $2.10. $4.58. 46%
1980. $3.10. $6.85 45%
1985. $3.35. $9.32. 36%
1990. $3.80. $10.53. 36%
1995. $4.25. $12.57. 33%
2000. $5.15. $14.16. 31%
2005. $5.15. $16.43. 31%
2010. $7.25. $18.49. 39%
2015. $7.25. $19.65. 36%
One of the arguments against raising the minimum wage is that the minimum wage was always used for persons just entering the work force and for students who need extra money.
To look at this argument I decided to look at the minimum wage compared to the average hourly wage.
I used the U.S. Bureau of Labor Statistics to find the minimum wage every five years since 1960 and compared it with the average hourly wage from those years. I got the hourly wage from the Bureau of Labor Statistics using January of each year that I used to get the minimum wage.
When I had my first job I was in high school in 1960 I was making 47% of average hourly wage.
When I got my first full time job in 196 I was making 50% of the average hourly wage. If I was just started working today I would only be making 36% of average minimum wage.
Of cause if the minimum was to rise so would the average hourly wage.
Of cause if the minimum was to rise so would the average hourly wage.
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