20061024
Mother Jones How the Rich Get Richer: ADJUSTED FOR INFLATION, the federal minimum wage has fallen 42% since its peak in 1968.
IF THE $5.15 HOURLY minimum wage had risen at the same rate as CEO compensation since 1990, it would now stand at $23.03.
A MINIMUM WAGE employee who works 40 hours a week for 51 weeks a year goes home with $10,506 before taxes.
SUCH A WORKER would take 7,000 years to earn Oracle CEO Larry Ellison’s yearly compensation.
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