The American Resurgence

Nordberg said:
Corporate profits are at all time highs while wages have stagnated. you are flat out wrong. The huge profits made off the labor of workers has been confiscated by those on top. it mirrors our tax policies .We are moving wealth up.
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Compute it yourself. Minimum wage was .25 in 1938. Go to a inflation calculator and see what that would be today. It is $4.43. Corporate profits and productivity have nothing to do with inflation. The only topic I was addressing was what the minimum wage would be today if indexed to inflation. You claimed $21, but that is incorrect based on a cherry picked number of the minimum wages all-time high value.

"Median weekly earnings of the nation's 113.4 million full-time wage and salary workers were $881 in the first quarter of 2018 (not seasonally adjusted), the U.S. Bureau of Labor Statistics reported today.
 
Of course, Trump and the GOP slashed federal revenue while making the rich even richer, and doing virtually nothing for the rest of us. The deficit no longer matters. Neither does the debt.
 
Flash said:
Compute it yourself. Minimum wage was .25 in 1938. Go to a inflation calculator and see what that would be today. It is $4.43. Corporate profits and productivity have nothing to do with inflation. The only topic I was addressing was what the minimum wage would be today if indexed to inflation. You claimed $21, but that is incorrect based on a cherry picked number of the minimum wages all-time high value.

"Median weekly earnings of the nation's 113.4 million full-time wage and salary workers were $881 in the first quarter of 2018 (not seasonally adjusted), the U.S. Bureau of Labor Statistics reported today.
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Compute if from 1960. It was a different world in 1938 just escaping the depression. https://inequality.org/research/minimum-wage/
 
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