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Minimum Wage Was Once Enough To Keep a Family of 3 Out of Poverty

Since the 1980s, the federal minimum wage has kept pace with neither inflation, norĀ the rise of the average worker’s paycheck. That means that while a federal minimum wage in 1968 could have lifted a family of three above the poverty line, now it can’t even do that for a parent with one child, working full-time, 40 hours a week and 52 weeks a year (yes, this calculation assumes that the parent takes no time off).

 

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