Minimum Wage in U.S. Fails to Beat Inflation: Chart of the Day
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Workers in the U.S. earning the minimum wage are worse off now than they were four decades ago.
The CHART OF THE DAY shows that after adjusting for inflation, the federal minimum wage dropped 20 percent from 1967 to 2010, even as the nominal figure climbed to $7.25 an hour from $1.40, a 418 percent gain.