Detailed text transcripts for TV channel - MSNBC - 20140414:11:27:00
Median household income continues to drop adjusted for inflation. add them together and the middle class is under huge stress. >> and stephanie, obviously income inequality continues to explode. average wages have been going down i think every year in real terms since 1973. >> yeah. one of my favorite statistics is that the minimum wage in 1968 was $1.60 which translated to $10.75 in 2013 terms. so, you know, we were doing better in 1968 than we are now and the minimum wage is $9 and change. so it's really putting pressure on working class families. a greater percentage of overall wealth is co...
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