On May 18, 2009, at 7:06 PM, joseph noonan wrote:
> And WTF with comparing the *average* wage with a minimum?
I really don't get the question. Our min wage, $6.55/hr, is 35% of the average, $18.51/hr. In the 1950s and 1960s, it was 45-55% of the average. Taking it up to 50% of the average - which is just Good Ol' Days levels - would bring it to $9.26, a 41% increase. The Left Party's proposed minimum for Germany would leave even that in the dust. Isn't that a valid point to make?
By the way, the Brit min wage is £5.73/hr - or about $8.70/hr, at last Friday's exchange rate.
Doug