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To: ifinnegan

The Minimum wage in 1960 was $1.25, with Inflation, the minimum wage should be close to $15.00 an hour.


23 posted on 05/04/2016 4:57:07 PM PDT by heights
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To: heights

$1.25 in 1960 would be worth $10.06 today, not $15.00.

(http://www.bls.gov/data/inflation_calculator.htm)


31 posted on 05/04/2016 5:07:40 PM PDT by Anitius Severinus Boethius (www.wilsonharpbooks.com - Sign up for my new release e-mail and get my first novel for free)
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To: heights
More liker $9.50, not $15. People who hate the minimum wage need to get rid of all illegals and the other impediments to small business operating without government interference first which will either prove or not prove that they're right about reducing taxation and removing regulations will lead to rising wages along with rising profits or or they're never going to make their case.

Especially not the case for no minimum wage as opposed to one that doesn't rise based on the whims if Congress rather than being readjusted based on the past three years average inflation or some such.

Periodic, not annual, increases based on the inflation rate removes it from the political scam arsenal which is the first thing that has to happen. After that, like I say, the purists who think there's no reason to have a minimum wage should do what it takes to dismantle other obstructions first.

39 posted on 05/04/2016 5:31:28 PM PDT by Rashputin (Jesus Christ doesn't evacuate His troops, He leads them to victory !!)
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To: heights
The Minimum wage in 1960 was $1.25, with Inflation, the minimum wage should be close to $15.00 an hour.

Why should there a federal minimum wage at all? Isn't it a better issue for the states.

59 posted on 05/04/2016 5:57:24 PM PDT by SJackson (Oh my God, she's so beautiful and she's so little!, Huma first impression of Hillary)
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To: heights

Well... nice random number.

Why not $30/hour? ...or $50


98 posted on 05/04/2016 6:44:24 PM PDT by woollyone (next narcissist in chief might be Trump and America will get what she deserves. Then...war will come)
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