Minimum Wage Has Not Kept Pace With Inflation
In a chart that should not surprise anyone who has read this blog (or read anything in the media in the past six months, for that matter), a new chart from Bloomberg shows that minimum-wage workers are worse off now than they were in the 60s, even as the minimum wage has risen by more than 400 percent.
That’s because inflation has outpaced minimum wage increases so now it’s like minimum-wage workers are making 20 percent less than they were in 1967.
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