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To: onyx

How odd? The minimum wage in 1968 was $1.62 per hour according to the federal government.


6 posted on 07/30/2013 3:53:15 AM PDT by blackdog (There is no such thing as healing, only a balance between destructive and constructive forces.)
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To: blackdog

My first job in 1973 was 1.20 as the place I worked gave me 1 free dinner per shift.
Taught me to work fast and efficient but efficient first.


93 posted on 07/30/2013 1:44:57 PM PDT by Zathras
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To: blackdog

“Workers would have to make $10.70 now to make an amount equal to the purchasing power of 1968’s $5.65 minimum wage.”
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I hadn’t read this until I read your post, that is really stupid. It is stupid to get the 1968 wage so wrong and it is REALLY stupid to think that $10.70 now would be equal to $5.65 in 1968 in purchasing power. It won’t even equal $1.07 in 1968 in purchasing power. I bought a NEW 1967 Mustang for less than $3,000. In 1968 I was making $475 or so a month and having a ball, spending most of my income on the Mustang, beer and women and just throwing the rest away. If I had been earning $5.65 an hour I would most likely have partied myself to death.


114 posted on 08/01/2013 9:59:18 AM PDT by RipSawyer
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