[lbo-talk] Nader, et al

Doug Henwood dhenwood at panix.com
Tue Aug 7 06:50:35 PDT 2007


On Aug 7, 2007, at 9:33 AM, Carrol Cox wrote:


> There has never been an attempt
> in Congress to _raise_ the minimum wage in real dollars.

Every time it's raised in nominal dollars, it's raised in real dollars. Perhaps you mean to restore the minwage to late 1960s levels, when it was close to $10/hr in real dollars (and close to where it would be if it were at the same ratio to the average hourly wage as it was back then - then it was around 55%, now it's 30%).

Doug



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