The most convincing evidence of the worsening of U.S. income distribution comes from the historical evolution of the minimum wage, the main source of earning for the poorest of the poor.
The minimum wage in 1970 was $1.60 per hour. This was increased in steps to $7.25 today. Adjusted for the inflation rate, the minimum wage in real terms in 2010 was just four-fifths of the level in 1970, down 20 percent. Over the same period, U.S. real gross domestic product increased three-fold and also doubled in per capita terms.
Read the full story at the Washington Post
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