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Response to nadinbrzezinski (Reply #27)

Sun Jan 31, 2016, 01:16 PM

28. I sorta read with the official CPI

which says the minimum wage of 1968 was $1.6 and that is equal to $10.90 today. Minimum wage is already $9 in California, $9.15 in Connecticut and $9.47 in Washington.

Of course, no amount of money in 1968 would have allowed people to buy even a VCR tape, much less a DVD. The poverty rate was still 10%, better than many other years, but no better than 1998. Bottom 20% only had 4.4% of the national income, compared to 3.4% in 2005. It was better, but it was not like everybody was rich in 1968.

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