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Monday, January 16, 2012

COLAs, CPIs, and the $14 Minimum Wage | Inequality.org

COLAs, CPIs, and the $14 Minimum Wage | Inequality.org - "By today’s standards $14.41 an hour might sound like a lot for a minimum wage, but it doesn’t have to stop there. At the top 1 percent of the American income distribution, average incomes rose 194 percent between 1974 and 2011. Had U.S. minimum wages risen at the same pace as U.S. maximum wages, the minimum wage would now be $26.96 an hour."

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