9 ms·
In 1966 we had a middle class. In 1966 minimum wage was $1.20 which is $8.29 in 2012 dollars.(1) (1) https://www.dol.gov/featured/minimum-wage/chart1 https://
by raddad 10y ago
In 1966 we had a middle class. In 1966 minimum wage was $1.20 which is $8.29 in 2012 dollars.(1)
(1) https://www.dol.gov/featured/minimum-wage/chart1 https://www.dol.gov/featured/minimum-wage/chart1
- erikpukinskis 10y agoI am unsatisfied with the state of things, but I don't think low wages is fundamentally a problem. Ideally we are able to do more and more with less and less money. In an ideal society you don't need money at all unless you want to do a long-term project that requires a financial instrument.