The simple truth of the matter is this: The minimum wage has not kept pace with the rise of inflation for the past 50 years.
If we look at the minimum wage at its high point in 1968 and adjust for inflation it would be equal to $9.63 in today’s dollars. Or to put it another way, today’s minimum wage worker has roughly 25% less purchasing power than their counterparts 50 years ago. This represents a problem for the working class citizen and the businesses they support. Washington has not addressed the issue but we can here in Georgia.