Ralph Nadar on Fox says raise minimum wage to 1968 levels.

Focx News Huck Show | 10/20/12 | Ralph Nadar

[central_va]

While watching the Huck Show I heard Nadar rant about this that and then he said something interesting. He wants minimum wage to be at 1960 levels.

Nadar is a moonbat but I thought it was interesting. My calculation are that minimum wage would have to be $10.00/hour to match mid 1960's level.

[central_va]

Business and Finance > Economy > Labor and Employment

Federal Minimum Wage Rates, 1955–2012

		Value of the minimum wage					Value of the minimum wage					Value of the minimum wage
Year		Current dollars		Constant (1996) dollars1		Year		Current dollars		Constant (1996) dollars1		Year		Current dollars		Constant (1996) dollars1
1955		$0.75		$4.39		1983		3.35		5.28		2011		7.25		5.06
1956		1.00		5.77		1984		3.35		5.06		2012		7.25		4.97
1957		1.00		5.58		1985		3.35		4.88
1958		1.00		5.43		1986		3.35		4.80
1959		1.00		5.39		1987		3.35		4.63
1960		1.00		5.30		1988		3.35		4.44
1961		1.15		6.03		1989		3.35		4.24
1962		1.15		5.97		1990		3.80		4.56
1963		1.25		6.41		1991		4.25		4.90
1964		1.25		6.33		1992		4.25		4.75
1965		1.25		6.23		1993		4.25		4.61
1966		1.25		6.05		1994		4.25		4.50
1967		1.40		6.58		1995		4.25		4.38
1968		1.60		7.21		1996		4.75		4.75
1969		1.60		6.84		1997		5.15		5.03
1970		1.60		6.47		1998		5.15		4.96
1971		1.60		6.20		1999		5.15		4.85
1972		1.60		6.01		2000		5.15		4.69
1973		1.60		5.65		2001		5.15		4.56
1974		2.00		6.37		2002		5.15		4.49
1975		2.10		6.12		2003		5.15		4.39
1976		2.30		6.34		2004		5.15		4.28
1977		2.30		5.95		2005		5.15		4.14
1978		2.65		6.38		2006		5.15		4.04
1979		2.90		6.27		2007		5.85		4.41
1980		3.10		5.90		2008		6.55		4.77
1981		3.35		5.78		2009		7.25		5.30
1982		3.35		5.78		2010		7.25		5.22

1. Adjusted for inflation using the CPI-U (Consumer Price Index for All Urban Consumers).

Source: U.S. Department of Labor. Web: http://www.dol.gov/esa/whd/flsa/.

[bigbob]

I too thought it was a very interesting idea.

What have we come to when Ralph Nader makes sense???

On a related “Focx News” note, Judge Jeanine just gave the most lambasting indictment of the Obama Adminstration on Libya we are likely to hear. Fantastic! And delivered with just the right amount of sarcasm, incredulity, and condescension toward the lies and ineptitude of Obama himself and his minions.

[Reily]

so then how many people do you want to put out of work?
particularly young low skilled minorities!

[desertfreedom765]

As long as we have lots of illegal immigration, they main effect of minimum wage will be to make Americans unemployable.

I think we should enforce our immigration laws and index the minimum wage to inflation.

[cumbo78]

The minimum wage should be eliminated COMPLETELY. Its artificial and disproportionately affects young workers, especially in the minority communities. If a 17 year old wants to work for someone after school for $5.00 an hour, that agreement should be between the 17 year old and the employer. Small busiesses are far more likely to do without than to have to pay someone $7.25 for unskilled labor.

[Jonty30]

What would be more helpful, than simply throwing money at the problem is improving the ability for people improve their marketable skills.

Ideally, I should be able to start anytime in learning new skills. I should not have to wait until September, January, or May to start a trade ls program.

[Utmost Certainty]

The minimum wage should be whatever amount an individual is willing to work a given job for—not an arbitrary floor set by government decree.

Getting paid $3/hr beats getting paid $0/hr when you can’t find a job.

[ari-freedom]

How about this idea: get rid of inflation?

[central_va]

Eliminate all welfare and raise the minimum to 10/hr. That is a sound approach.

[ari-freedom]

“Eliminate all welfare and raise the minimum to 10/hr. That is a sound approach.”

Yes, that way we’ll have lots of unemployed people with no money to take care of themselves. Brilliant. /sarc

[central_va]

So you are on record as being a big fan of the able bodied receiving welfare. Great.

[ari-freedom]

No, I’m on record for opposing the minimum wage and welfare.

[ari-freedom]

and inflation.

[NVDave]

Then you need to talk about getting rid of the Federal Reserve.

Their intent is to create inflation. Period. The reason why they’re been tossing trillions of dollars of liquidity into the markets is to prevent DEflation, where prices go down. Their target inflation rate for the foreseeable future is 2%. In 36 years, your money will be worth half of what it is now.

[upchuck]

Nadar. Hmmm... is that anything like Radar? :)

[ari-freedom]

You don’t have to ‘get rid’ of the Federal Reserve. Just put it on a price rule, instead of letting it do whatever it feels like.

[Reily]

I agree

[NVDave]

The ECB had a price rule.

And when the crap hit the fan, they threw it overboard and acted like the Fed, pumping money into the banking system.

[SunkenCiv]

I just love the federal minimum wage, it’s a great one-size-fits-all solution for the hundreds of different local costs-of-living.

I look forward to pissing on Nader’s grave, btw.

Thanks central_va.

[winodog]

I dont think it will take them 36 years to half the value. More like 5 years