Categorized | General Interest

$357 Billion: The Clock Ticks

Just a moment to pause and update everyone: going back to 1968, workers have lost more than $357 billion because of the robbery due to the stagnant minimum wage. Here’s the clock.

Did you ever wonder what the minimum wage would be worth if it kept its value going back to 1968? Well, it would over $20-an-hour. And thanks to our friends at the Center for Economic and Policy Research, we can watch the loss tick by literally every second, counting the dollars lost by workers since 1968 because of the sinking value of the minimum wage.

This clock shows how “many dollars America’s minimum wage workers have lost since July 24, 2009 if the minimum wage had instead been raised to its 1968 level and then kept pace with inflation since then,” CEPR says (and if you’re reading this after it was posted, the clock will keep ticking and likely be above $358 billion…and more):

 

And every minutes, hour, day that goes by, the robbery continues.

Leave a Reply

You must be logged in to post a comment.

Podcast Available on iTunes

Archives

Archives

Archives