Congressional pay 1968 = $30,000
Congressional pay 2015 = $174,000
Minimum wage 1968 = $3,328 (11.1% of Congressional pay)
Minimum wage 2015 = $15,080 (8.7% of Congressional pay)
[assumes the minimum wage worker works 40 hours per week, 52 weeks a year]
So . . . what's a fair multiple of the minimum wage for the people's Reps to get paid?
Should we feel sorry for our Reps? We are told that the average CEO gets 320 times the pay his employees receive. Or more (I've seen numbers in the 500s, too). On that scale, our Reps should get
$4,825,600. Yes, nearly 5 million!
Congressional pay 2015 = $174,000
Minimum wage 1968 = $3,328 (11.1% of Congressional pay)
Minimum wage 2015 = $15,080 (8.7% of Congressional pay)
[assumes the minimum wage worker works 40 hours per week, 52 weeks a year]
So . . . what's a fair multiple of the minimum wage for the people's Reps to get paid?
Should we feel sorry for our Reps? We are told that the average CEO gets 320 times the pay his employees receive. Or more (I've seen numbers in the 500s, too). On that scale, our Reps should get
$4,825,600. Yes, nearly 5 million!