Saturday, December 8, 2018

1968 fed min wage, DOUBLE-indexed for inflation and per cap growth = $23.44 an hour


1968 fed min wage, DOUBLE-indexed for inflation and per cap growth = $23.44 an hour.

yr......per capita...real min...(nominal)...[1968 wage inflation indexed alone]...% per cap growth ... (DBL-index)
(2017 dollars)

68.....16,911.....11.49.....(1.60)...[1.60].........100%...........(11.49)
69-70-71-72-73                                                              
74.....19,983.....10.51.....(2.00)...[2.40]       
75......20,015.....9.87......(2.10)...[2.58]
76.....20,705.....10.13.....(2.30)...[2.72]..........122%............(14.00)    [11.49 X 1.22]
77                                                                                 
78.....22,320.....10.39.....(2.65)...[3.15]
79......22,639....10.40.....(2.90)...[3.53]
80......22,117.....9.76......(3.10)...[3.98]      
81......21,997.....9.43......(3.35)...[4.38]...........130%............(14.94)     [11.49 X 1.3]
82-83-84-85-86-87-88-89
90......26,244.....7.31.....(3.80)....[6.26]
91......25,728.....7.73.....(4.25)....[6.45]...........152%.............(17.46)    [11.49 X 1.52]
92-93-94-95
96......28,306.....7.54.....(4.75)....[7.43]
97......29,395.....7.93.....(5.15)....[7.58].............174%...........(19.99)     [11.49 X 1.74]
98-99-00-01-02-03-04-05-06
07......31,767.....7.08.....(5.85)....[9.80]
08......30,775.....7.60.....(6.55)...[10.16]
09......30,385.....8.41.....(7.25)...[10.16].............180%...........(20.68)      [11.49 X 1.8]
10-11-12-13-14-15-16-17
18......34,489.....7.16.....(7.25)...[11.49]...............204%...........(23.44)       [11.49 X 2.04]
https://www.census.gov/data/tables/time-series/demo/income-poverty/historical-income-people.html
https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1.60&year1=196801&year2=201706
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Let Americans raise their wages naturally -- like other modern economies:
https://onlabor.org/why-not-hold-union-representation-elections-on-a-regular-schedule

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