If Federal Minimum Wage Had Grown with Productivity It Would Be $19.33/Hour Today

From the Economic Policy Institute (http://www.epi.org/):

Last week marked the eighth anniversary of the last time the federal minimum wage was raised, from $6.55 to $7.25. EPI’s David Cooper shows that at its high point in 1968, the federal minimum wage was equal to $9.90 in today’s dollars. Cooper explains that if the minimum wage had been raised since 1968 at the same growth rate as average wages of typical U.S. workers, it would be $11.62 today. And if minimum wage had grown with productivity since 1968, it would be $19.33 per hour today.