The Case for $20 Minimum Wage
The minimum wage debate has gravitated more toward a $15 hourly figure. In this week's chart, we dive into why there might be legitimate justification for a $20 hourly ask.
The Fair Labor Standards Act of 1938 set into motion what we today recognize as minimum wage laws. For the first 25-30 years, the federal minimum wage tracked remarkably closely with the price of silver. That relationship broke off in the late 60’s and early 70’s.
It’s probably not a coincidence that t…
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