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0:56
YouTube
BreakItDown60
Your Grandparents Could Live on Minimum Wage You Can't.
When minimum wage was created in 1938, it was designed to be a living wage. In 1968, it peaked at $12/hour in today's dollars—enough for rent, food, and basics. Today it's $7.25. Hasn't been raised since 2009. If it kept pace with productivity, it would be over $25/hour. $7.25 × 40 hours × 52 weeks = $15,000/year. That's at the poverty line ...
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