Study: Minimum wage should be $21.72 if it had kept pace with increases in productivity
(Source: Huffington Post, February 13, 2013)
WASHINGTON, D.C. — President Obama's call to increase the federal minimum wage to $9 an hour was one of the more significant proposals he laid out in his State of the Union address Tuesday night. But $9 an hour is still a far cry from what workers really deserve, a 2012 study finds.
The minimum wage should have reached $21.72 an hour in 2012 if it kept up with increases in worker productivity, according to a March study by the Center for Economic and Policy Research. While advancements in technology have increased the amount of goods and services that can be produced in a set amount of time, wages have remained relatively flat, the study points out.
Full story: Huffington Post
Friday, February 15, 2013