“Is Afghanistan a narco-state?”--Long but good article
- TheMinimum Wage rises today by 70 cents only to be eaten up by inflation…
The new
minimum is less than the inflation-adjusted 1997 level of $7.02, and
far below the inflation-adjusted level of $10.06 from 40 years ago,
according to a Labor Department inflation calculator.A
full-time worker who earned the $2.90-an-hour minimum wage in 1979
earned enough to pull a family of three out of poverty. That same
family would fall nearly $4,000 below the poverty threshold today
because the minimum wage hasn’t kept pace with inflation.