40% Of US Workers Now Earn Less Than 1968 Minimum Wage

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Are American workers paid enough?

That is a topic that is endlessly debated all across this great land of ours. Unfortunately, what pretty much everyone can agree on is that American workers are not making as much as they used to after you account for inflation. Back in 1968, the minimum wage in the United States was $1.60 an hour. That sounds very small, but after you account for inflation a very different picture emerges. Using the inflation calculator that the Bureau of Labor Statistics provides, $1.60 in 1968 is equivalent to $10.74 today.

And of course the official government inflation numbers have been heavily manipulated to make inflation look much lower than it actually is, so the number for today should actually be substantially higher than $10.74, but for purposes of this article we will use $10.74. If you were to work a full-time job at $10.74 an hour for a full year (with two weeks off for vacation), you would make about $21,480 for the year.

That isn’t a lot of money, but according to the Social Security Administration, 40.28% of all workers make less than $20,000 a year in America today. So that means that more than 40 percent of all U.S. workers actually make less than what a full-time minimum wage worker made back in 1968. That is how far we have fallen.

The other day I wrote an article which discussed the transition that we are witnessing in our economy right now. Good paying full-time jobs are disappearing, and they are being replaced by low paying part-time jobs. So far this year, 76.7 percent of the jobs that have been “created” in the U.S. economy have been part-time jobs.

See link for the author's sources

http://soundmoneyinstitute.org/40-of-us-workers-now-earn-less-than-1968-minimum-wage/
 

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Honestly though, a large portion of this has to be dumped on the Democrats and progessive voters in the 80s.

Is there any doubt that Reagan defeating Carter was the most paradigm shifting moments in many of our lives, including people born before and after that election. But people always forget how the Democrats and voters were eager to assist in the dismantling of this country.

1980.png



Sorry for the flipped colors:

Election%20of%201984.png




You'll still hear how Democratic politicians and voters will brag about being Reagan Democrats.


Just to give you some perspective. in the 1980 election, there was almost an even split between both parties with people making $10,000 to $15,000 and UNION HOUSEHOLDS. Think about that for a second.

Two party system poison
 
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This economy is irreparably damaged and all the deceiving jobs numbers that get released every month and that people tout as proof that the economy is getting better slowly but surely won't change that sad fact.
What is really messed up is that none of the people in political office have the decency to talk truthfully about things and instead cloak all their statements and actions in partisan bullshyt.
 

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And they are worked more


"Must be able to work flexible schedule....you know, 20 hours on weekends and basically 4 nights a week. Having Dinner with your family at 7:00 and days off that aren'-t on Tuesday and Wednesday is reserved for management only. " :troll:



"We can only start you at 8.00, minimum wage for training hours" :troll:



"One day off is plenty" :troll:
 
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