Wages in the U.S. have been largely stagnant over the past 45 years, but during the same time span consumer prices have risen dramatically. Hari Sreenivasan discusses this trend and its effect on poverty with Bloomberg BusinessWeek reporter, Roben Farzad.

In 1964, as President Lyndon Johnson launched a broad platform to abolish American poverty, images of American poverty focused on the inner-city and rural poor. Today, fifty years later, statistics reveal another rapidly-growing group living in poverty:…