“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx
Jan 9, 2012
The minimum wage may have gone up from $1.40 an hour in 1967, to $7.25 an hour today – but minimum wage workers are worse off than they were 45 years ago. Due to inflation, today’s minimum wage buys 20% less than what the $1.40 could buy.
This is not a minimum wage – it’s a starvation wage!