The Real Value of Minimum Wage Over the Years

The Wall Street Journal
April 02, 2014 AT 4:52 PM
With President Obama's most recent call to raise the federal minimum wage to $10.10 an hour, the issue is once again back in the spotlight. First set in 1938 by Franklin Roosevelt as part of the New Deal, the dollar amount has risen over the years, but the actual value has fluctuated. Photo: Getty