Using the federal Consumer Price Index calculator, the minimum wage of 90 cents per hour I earned in 1958 working in a service station has $7.35-per-hour buying power today.
This is the same inflation calculation used by the Social Security Administration to grant a one percent increase in benefits for 2015. But, the feds – from Obama on down – have told us that there is no inflation! So why do we need to increase the minimum wage based on the CPI and the administration’s pronouncements? By the way, I got my first Social Security Card in 1954, and in bold letters across the bottom, it says “Not for identification.”
Dennis Pierce
Durango
