Max: And The Poor Get Poorer
The Rich Get Richer and the Poor Get Poorer
ADJUSTED FOR INFLATION, the federal minimum wage has fallen 42% since its peak in 1968.
IF THE $5.15 HOURLY minimum wage had risen at the same rate as CEO compensation since 1990, it would now stand at $23.03.
A MINIMUM WAGE employee who works 40 hours a week for 51 weeks a year goes home with $10,506 before taxes.
SUCH A WORKER would take 7,000 years to earn Oracle CEO Larry Ellison’s yearly compensation.
ADJUSTED FOR INFLATION, the federal minimum wage has fallen 42% since its peak in 1968.
IF THE $5.15 HOURLY minimum wage had risen at the same rate as CEO compensation since 1990, it would now stand at $23.03.
A MINIMUM WAGE employee who works 40 hours a week for 51 weeks a year goes home with $10,506 before taxes.
SUCH A WORKER would take 7,000 years to earn Oracle CEO Larry Ellison’s yearly compensation.
posted by Max Dobberstein at 10/24/2006 04:04:00 PM
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