The federal minimum wage is worth 31% less today than it was in 1968.
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Friend,
When members of Congress were debating the Raise the Wage Act to raise the federal minimum wage to $15 an hour, EPI’s district-by-district data, demonstrating how many people would get a raise, made an enormous difference in moving enough members to pass the bill.
EPI’s research and charts are the data behind our movement for progressive economic change. Below, check out our Top Charts of 2019 and then pitch in $5 or more to advance our agenda that puts working people first! ([link removed])
The federal minimum wage is worth 31% less today than it was in 1968. Workers earning the federal minimum wage today have $6,800 less per year to spend on food, rent, and other essentials than did their counterparts 50 years ago.
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The extraordinary rise in inequality over the last several decades is directly tied to the pay-productivity gap. CEOs and corporate shareholders are getting rich off the fruits of productivity growth while worker pay has remained relatively flat.
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Teacher strikes across the country in 2018 and 2019 highlighted the profound underinvestment that’s been made in the nation’s schools in recent decades. The teacher pay gap has been increasing since the mid-1990s. And in 2018, teacher’s weekly wages were 21% lower than wages of other college graduates.
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Those are just a few of EPI’s Top Charts of 2019. Click here to see the most popular EPI charts of the year. ([link removed])
Together, we’re fighting back against policies that hurt working families, our schools, and our communities. Make an end-of-year contribution to EPI today to continue to expose the facts behind rising levels of income and wealth inequality and to power our movement for progressive economic change ([link removed]) .
Thank you,
Josh Bivens
Director of Research, Economic Policy Institute
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