Boost the Minimum Wage? Yes, to raise living standards
October 27, 1999. An op ed by James A. Parrott, Daily News.
Anthony Troia2020-11-13T14:58:56-05:00October 27th, 1999|Economic Trends & Policy, Labor Market & Workforce, Letters|
Minimum Wage Fact Sheet
October 1999. In a nutshell: The Minimum Wage and New Yorkers' Hourly Wages Have Declined. Despite sizable growth in the productivity of our nation's economy over the last 30 years, the purchasing power of the federal minimum wage has fallen by one-third. · The value of the minimum wage has dropped to less than 40 percent of average hourly earnings, down from over 50 percent in the 1960s. In the 1960s and 1970s, the earnings of a full-time, year-round worker receiving the minimum wage were [...]