average wage gilded age
Living with the Minimum Wage in a Gilded Age Living with the Minimum Wage in a Gilded Age. Californiaâs decision last month to raise the minimum wage from $8 to $9 an hour on July 1, 2014 and then to $10 an hour on Jan. 1, 2016 may sound like a very good idea at first. But itâs not exactly cause for celebration for an estimated 2.4 million low-wage workers.