Declining value of the federal minimum wage is a major factor driving inequality | Economic Policy Institute
"The last decade has produced no improvement in real wages of a broad range of workers, including those with either a high school or college degree. It has also produced a widening divergence between overall productivity and the wages or compensation of the typical worker. In addition, wage inequality has continued to grow between those at the top and the rest. The declining value of the minimum wage has played a key role in these trends."
