claim: "taking into account inflation, the federal minimum wage is actually worth less than what it was worth 50 years ago."
author: tina smith
evidence_1: jul 21, 2016 ... the buying power of the federal minimum wage hasn't kept up with ... adjusted  for inflation, the federal minimum wage is worth less than 50 years ago ... and  new york are set to soon have the highest minimum wages in the nation, ... the  obama administration has also taken some action on wages, with ...
evidence_2: jan 4, 2017 ... my account ... even though the federal minimum wage has remained at $7.25 an  hour ... minimum has lost about 9.6% of its purchasing power to inflation. back in  2015, the economist estimated that, given how rich the u.s. is and ... that 2.6  million represents less than 2% of all wage and salary workers.
evidence_3: jul 21, 2016 ... nearly seven years after the federal minimum wage was raised to ... for inflation,  the federal minimum wage is worth less than 50 years ago.
evidence_4: dec 22, 2017 ... the federal minimum wage could be more than double what it is now ... bi  accounts ... the real value of minimum wage peaked in 1968 at $9.90,  adjusted for inflation. ... behind the growth of the economy compared to 50 years  ago, when ... reaching $19.33 this year, more than double what it actually is.
evidence_5: apr 26, 2017 ... in the 1980s, as inflation remained elevated, the minimum wage was left to ...  real and nominal value of the federal minimum wage, projected value ..... in  reality, the poverty line is woefully inadequate as a measure of what is truly .....  that more than two-thirds of affected workers are at least 25 years old.