Federal minimum wage in 1965 was $1.25/h, which is $12.69/h today. Looks like Alaska had the highest state minimum at $2.10, $21.32 today. Or were you taking more average rather than minimum wage?
There is a reason median is used here… If you take into account the massive (and constantly growing) income gap, it’s obvious that things have gotten worse for the average American.
That generation got paid $45 an hour in today’s value.
Federal minimum wage in 1965 was $1.25/h, which is $12.69/h today. Looks like Alaska had the highest state minimum at $2.10, $21.32 today. Or were you taking more average rather than minimum wage?
They never said anything about minimum wage.
In 2023 median hourly wage was $19.24/h, vs in 1979 it was $4.44/h or $19.56/h inflation adjusted. (This data doesn’t go back to 1965 unfortunately)
https://www.statista.com/statistics/185335/median-hourly-earnings-of-wage-and-salary-workers/
There is a reason median is used here… If you take into account the massive (and constantly growing) income gap, it’s obvious that things have gotten worse for the average American.
Idk who’s closer, guys. Where the sauce at :u
https://www.kaggle.com/datasets/lislejoem/us-minimum-wage-by-state-from-1968-to-2017
https://www.infoplease.com/business/labor/annual-federal-minimum-wage-rates-1955-2021