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Minimum Wage Lost 21% Of Its Value Since Congress Last Raised It In 2009

Minimum Wage Lost 21% Of Its Value Since Congress Last Raised It In 2009

By Ben Zipperer, Working Economics Blog, Economic Policy Institute After the longest period in history without an increase, the federal minimum wage today is worth 21% less than 12 years ago — and 34% less than in 1968. Saturday marked 12 years since the last federal minimum wage increase on July 24, 2009, the longest […]

The Parched Truth About American Middle Class And Job Creation

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The Parched Truth About American Middle Class And Job Creation

By JIM HIGHTOWER— At last, some excellent economic news for folks long-mired in the stagnant labor market. “Jobs Spring Back,” exclaimed a typical headline on recent reports that 165,000 private-sector jobs were added in April. Wow — the thunderous, three-year boom of prosperity that has rained riches on Wall Street is finally beginning to shower on […]

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