re: Minimum wage boost blocked in the Senate

quote:

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Minimum wage law put in effect in 1938 at $ .25 per hour.
Fast forward to 2009, and it's changed to $7.25 per hour.
Did some math: 4.59% rate of annual growth for the past 75 yrs.

Don't really know what to think. Wish I was making that in my bank accounts.

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Now compare that rate to the inflation rate since 1938......


I'm not necessarily for an increase but at least make a valid argument.