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From Wikipedia -
So according to this other chart, we're both close to being right.
http://www.businessinsider.com/how-much-higher-the-federal-minimum-wage-should-be-2017-12
Similar but defining productivity.
Given the Economy’s Growth, the Federal Minimum Wage Could Be Significantly Higher
In real terms, the federal minimum wage peaked at $11.54 per hour in 1968, using 2017 inflation-adjusted dollars.[5][6][7] If the minimum wage in 1968 had kept up with labor's productivity growth, it would have reached $19.33 in 2017.[8] There is a racial difference for support of a higher minimum wage with most black and Hispanic individuals supporting a $15.00 federal minimum wage, and 54% of whites opposing it.[9] In 2015, about three percent of white, Asian, and Hispanic or Latino workers earned the federal minimum wage or less. Among black workers, the percentage was about four percent.[10]
So according to this other chart, we're both close to being right.
http://www.businessinsider.com/how-much-higher-the-federal-minimum-wage-should-be-2017-12
Similar but defining productivity.
Given the Economy’s Growth, the Federal Minimum Wage Could Be Significantly Higher
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