June 26, 2002. The purchasing power of the current $5.15 per hour minimum wage is well below that of the 1960s and 1970s. From its peak in 1968, the purchasing power of the minimum wage has declined over 36 percent. Graphs.
June 26, 2002. The purchasing power of the current $5.15 per hour minimum wage is well below that of the 1960s and 1970s. From its peak in 1968, the purchasing power of the minimum wage has declined over 36 percent. Graphs.