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IPFS News Link • Economy - Economics USA

When the Minimum Wage was Paid in Silver

• http://chrisinmaryville.net/
The minimum wage in 1964 was raised to $1.15 in September; pretty close to the five quarters. The exact exchange would be four quarters and one and a half dimes, which today (March 4, 2013) equals $23.81, or more than three times the current federal minimum wage of $7.25.

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