Living on Minimum Wage Is Getting Harder [GRAPH]

PHOTO: Fast food workers and their supporters picket outside a Burger King restaurant in Los Angeles on August 29, 2013.

It’s more difficult for U.S. workers who earn minimum wage to make a living than it was nearly five decades ago.

The nominal value of the federal minimum wage has risen from $1.60 in 1968 to $7.25 today. But real value of that wage, adjusted for inflation, has dropped by 26 percent over that span. The value peaked in 1968 at $10.70, but is now $7.90.

Here’s a chart illustrating how the minimum wage has changed over the past 50 years.

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