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Minimum wage buying power
. Jul 26, · The federal minimum wage peaked in purchasing power in , when it was worth $ in dollars (according to the U.S. Bureau of Labor Statistics Inflation Calculator). We're diving into how the federal minimum wage came to be, and what the hotly debated topic looks like today. Find and people, hashtags and pictures in every theme. . Search Twitter for minimum wage buying power, to find the latest news and global events. After adjusting for inflation, the value of the minimum wage is at its lowest level since The decline in the value of the minimum wage is part and parcel of a disturbing feature of the recovery from the recession: its failure to significantly improve the well-being of most workers. Since September , the purchasing power of the minimum wage has deteriorated by 20 percent. This is the lowest share since at least the end of World War II. Since September , the purchasing power of the minimum wage has deteriorated by 20 percent. The lack of action on the minimum wage has led to a dramatic erosion in its value. The minimum wage now equals only 31 percent of the average wage for private sector, nonsupervisory workers. Minimum Wage. In Dollars. $ This chart shows minimum wage by year and the buying power in today's dollars. Learn about how the United State's minimum wage regulations work.