Minimum Wage Loses Ground Since Its Banner Year In 1968

Posted: January 10, 2014 in poverty
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This week, we’ve been looking back at the legacy of the “War on Poverty,” launched by President Lyndon Johnson, 50 years ago. Johnson also pushed to increase the nation’s minimum wage. Low-wage workers actually saw their purchasing power peak while Johnson was in office. Adjusting for inflation, minimum wage workers earn less today than they did in the late 1960s.

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