David Zalubowski, Associated Press
The value of the American federal minimum wage has struggled to keep up with rising inflation rates, according to a report by the Congressional Research Service.
The CRS, a public policy research division of the United States Congress, released the report last June, which charts the federal minimum wage and adjusts past wages for inflation.
As the graph below shows, the worth of minimum wage in America has dropped over $2 since 1968, when the value of the American minimum wage was at its highest.
You can read the full report by the Congressional Research Service here.
- BYU grad strikes gold teaching via online...
- Dave Ramsey says: Don't touch that 529 plan
- Dave Ramsey says: Don't leave an estate with...
- Balancing act: First 'real' job teaches...
- In a surprising move, Dollar Tree will buy...
- All families need to have the financial 'talk'
- Remodeling? Experts say some projects add to...
- Does getting married really increase wealth...
- Fast food workers vow civil disobedience 15
- Most American high schoolers don't know... 15
- BYU grad strikes gold teaching via... 12
- Dave Ramsey says: Don't leave an estate... 11
- Does getting married really increase... 8
- Remodeling? Experts say some projects... 6
- Study: 35 percent in US facing debt... 5
- Sneaky tricks restaurants use to make... 3