From: rhinoceros (rhinoceros@freemail.gr)
Date: Fri Oct 24 2003 - 14:08:16 MDT
[Mermaid]
Sixty-five years ago on this day in 1938, the Federal Minimum Wage went into effect—at .25˘ an hour. Now it's $5.15 an hour.
After adjusting for inflation, that's 21% lower than in 1979.
[rhinoceros]
Interesting... I wonder how many people, in numbers and in percentage, get minimum wage today.
[Lucifer] Minimum wage is one of those policies that was created with good intentions but the results are undesirable. Minimum wage should be abolished.
[rhinoceros]
Heh, just a thought. Shouldn't prices of goods be abolished too? They also seem so inflexible... We could go back to good old haggling to see which industries can deliver cheaper.
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