Social Security Uncategorized

Strengthen Social Security by restoring the minimum wage

Written by Diane Archer

Fact: If today’s minimum wage were the same as the minimum wage in 1969 (adjusted for inflation), the minimum wage would be $9.39.  Instead, it’s $7.35, more than 20 percent lower than it was 45 years ago.  Because the minimum wage has not risen with inflation, contributions to the Social Security Trust Fund are a lot less than they would otherwise be.  If the minimum wage were indexed to inflation, it would strengthen Social Security.

To learn more, go to Social Security Works.

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