The fact that the federal minimum wage has stagnated at $7.25/hour since 2009 is atrocious.

But in reality, it's actually far worse than that.

The federal minimum wage is worth 28% less today than it was worth in 2009.

It’s worth 41% less than in 1968.

An absolute disgrace.

@rbreich It’s even worse than that!

If you adjust wages since 1900 — using only inflation — the average would be about $5,000/year.

You need to include productivity gains when adjusting wages!