A recent publication, Minimum wage is worth less than in 1968, states "[a]djusted for inflation, the minimum wage was worth $8.54 per hour in 1968, according to calculations by the Economic Policy Institute. The current minimum wage is $7.25 per hour." This means the minimum wage of today is worth $1.29 less per hour what would it be in 1968. With this in mind, the following estimated losses in spending power holds true: $10.32 a day$51.60 a week$206.40 in a four week, 20 working day monthFor the working class, that live check to check, $200 a month is a lot of money. Should the Federal Minimum Wage be Adjusted to take into account spending power?
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