Inflation has undercut minimum wage, data show

12/28/2011 | Bloomberg

The federal minimum wage, which amounts to about $15,000 a year for a full-time worker, decreased 20% between 1967 and 2010 when adjusted for inflation, according to the Labor Department. But slower inflation and new legal requirements have helped increase wages since 2007, when the inflation-adjusted federal minimum wage was 41% less than it was in 1967.

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