2012 Dollars News Today : Breaking News, Live Updates & Top Stories | Vimarsana

For the first time in history. some analysts say this is because of the choices the president made in the early part of his first term. >> our system is predicated on presidential leadership. and the president has not been focused on either, you know, poverty or unemployment early in his term. he was focused on health care, and then we had the election. this hasn't been add the front burner. >> i don't think you can lay the blame for that at the feet of obama. i think that blame lies also with the u.s. congress who has made decisions about what they want to fund and how they want to focus on d...

Minimum wage was established, providing a guarantees 25 cents per hour and a maximum 44 hour workweek for about one fifth of the workforce. the federal minimum wage law has expanded. the federal fair labor standards act was expanded. the stand minimum wage was $1.15 in 1961. it wasn't until 1968 whether the federal minimum wage peaked at almost $10 in 2012 dollars, making it the highest federal minimum wage ever. in today's dollar, the standard federal minimum wage is $7.25, which only nets a full-time employee $15,080. which is just below the federal poverty line for a household of two. as of...