Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Anonymous asked in Politics & GovernmentPolitics · 1 month ago

The national minimum wage in 1968 was $1.60 which would be $12.27 adjusted to inflation in 2021, today $7.25, why is the USA so backwards?

5 Answers

  • ?
    Lv 5
    1 month ago
    Favorite Answer

    The average CEO salary has gone up over 1,000%. 

  • 1 month ago

    maybe they dont want to pay a lot

  • 1 month ago

    min wage, adjusted for inflation since it started, should be about $4.70 today, not $7.65

  • J P
    Lv 4
    1 month ago

    There are "wage inequality" articles that can't explain it in a thousand words. But in all honesty it's a simple formula of power and greed. Giving power to the greedy is like asking to be cut and have a salted lemon rubbed into the cut. Please, could a selfish power-mad billionaire who cheats at everything from golf to marriage be my leader? As a relative often says, "Industrial Strength Stupid."

  • How do you think about the answers? You can sign in to vote the answer.
  • yodi
    Lv 7
    1 month ago

    slave labor abides,       

Still have questions? Get your answers by asking now.