In 1979 the minimum wage was $2.90 & the price of a 1st Class Stamp was $0.15.
According to my table, the minimum wage should have been $8.51 at the end of 2009 to keep prices with the First Class Stamp.
Minimum Wage Data – http://www.dol.gov/whd/minwage/chart.htm
First Class Stamp Data – http://en.wikipedia.org/wiki/History_of_United_States_postage_rates Continue reading “U.S. Postal Stamp increases vs. Minimum wage”