If wages were TRULY adjusted for inflation the minimum wage would be well over $10/hr, and poverty wouldn't be increasing, but we don't live in a perfect world or a country.
Your source is not independent and is far right/radical. This makes it credible how?
The Robinsons grew up on the upper floor of a house built in the Twenties. Number 7436 South Euclid Avenue (check it out in google maps or look up Mrs O: The truth about Michelle Obama's 'working class' credentials, to see the actual house, since I am new and can't post links.
"However, he was a good deal more than the labourer that many seem to imagine.
Indeed, according to family friends, Michelle's father was a volunteer organiser for the city's Democratic Party, a by-word for machine politics in America, and his loyalty was rewarded with a well-paid engineering job at Chicago's water plant. Even before overtime, he earned $42,686 - 25 per cent more than High School teachers at the time.
Michelle's mother stayed at home and devoted her energies to her and her older brother Craig. Marian Robinson nurtured great ambitions for both her children, along with the traditional values which are now serving Michelle so well."
from that article I referenced as well.
On another note, Mitt Romney gave away all his inheritance. Notice the media pretty much ignores that.
And why in the world does it matter who had what growing up as long as they show success in life? Is that not what we want for our country? Someone that has the gonads to make hard decisions, who has experience in managing well? Someone that actually knows what it is like out in the business world dealing with budgets, etc. Does our country not need someone that knows how that works, and can make it work? As a country can we continue the out of control spending that has been going on for decades?