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2014-02-22 Home Front: Politix

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Posted by Fred 2014-02-22 00:00|| || Front Page|| [11131 views ] Top

#1 "In 1968, Manchin said the minimum wage was $1.60. Adjusting for inflation, he said the 2014 minimum wage should be around $10.10."

..and 1968 is the magic year why.?

Posted by Uncle Phester 2014-02-22 00:31|| 2014-02-22 00:31|| Front Page Top

#2 The one that fits his calculations, of course, none other will do.

Posted by Redneck Jim 2014-02-22 06:59|| 2014-02-22 06:59|| Front Page Top

#3 In 1968 the most available computer was an IBM 360. Affordable only by big business or various government agencies or via government funding. That little computer at your finger tips right now is astronomically more powerful than that big iron and costs (per hours worked) astronomically less - when adjusted for inflation. Probably on the order of a cheap Timex of the time.

Posted by Procopius2k 2014-02-22 08:25|| 2014-02-22 08:25|| Front Page Top

#4 1968 was the peak year of inflation adjusted minimum wage.

4 gallons of gas
or 2 packs of smokes
or 2 six packs of Ole MIl (ack!)
or 7.5 McDonald classic burgers.

And upon further investigation it looks like the Congress man is ummm... wrong...

The minimum wage went to $1.00 an hour effective February 1967 for newly covered nonfarm workers, $1.15 in February 1968, $1.30 in February 1969, $1.45 in February 1970, and $1.60 in February 1971. Increases for newly subject farm workers stopped at $1.30. The 1966 amendments extended the fulltime student certification program to covered agricultural employers and to institutions of higher learning.

Posted by Shipman 2014-02-22 08:33|| 2014-02-22 08:33|| Front Page Top

#5 ..thanks P2k - I had almost purged my, er, memory of star wheels and punch cards.!

Posted by Uncle Phester 2014-02-22 10:28|| 2014-02-22 10:28|| Front Page Top

#6 Just a year after this. Factory 4 speed with Hurst shifter, bench seat, 375 HP posi track.

Posted by Besoeker 2014-02-22 10:39|| 2014-02-22 10:39|| Front Page Top

#7 1968 in the beautiful valley of Ah Shit.

Posted by bman 2014-02-22 10:49|| 2014-02-22 10:49|| Front Page Top

#8 Dem congresspeole are hyped on the minimum wage right now because they don't want to talk about their real accomplishment, which is "minimum work..."

Posted by M. Murcek 2014-02-22 11:10|| 2014-02-22 11:10|| Front Page Top

#9 No, they don't want to talk about Obama and the disaster that is Obamacare.

ANYTHING else.
Raise the wages (That's a good one)

Posted by Redneck Jim 2014-02-22 15:06|| 2014-02-22 15:06|| Front Page Top

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