> Effective minimum wage(that is, min. wage adjusted for inflation) has been slowly declining for decades. Minimum wage isn't getting higher, it's getting slowly lower.
This is simply not true.
Minimum wage was introduced in 1938, and was for a whopping $0.25 per hour. This is about $4.22 per hour in 2016 dollars. Federal minimum wage is currently at $7.25. Some states have even higher minimum wages, with California coming in at $10.00 (soon to coast up to $15.00 per hour in the next few years).
So no, the purchasing power of minimum wage is not getting lower, quite the opposite.
This is simply not true.
Minimum wage was introduced in 1938, and was for a whopping $0.25 per hour. This is about $4.22 per hour in 2016 dollars. Federal minimum wage is currently at $7.25. Some states have even higher minimum wages, with California coming in at $10.00 (soon to coast up to $15.00 per hour in the next few years).
So no, the purchasing power of minimum wage is not getting lower, quite the opposite.