Where the minimum wage is still $7.25The federal minimum wage has been stagnant at $7.25 an hour since 2009, and the last 12 and a half years have been the longest period in U.S. history without a national increase for the wage floor. Last summer, an analysis from the Economic Policy Institute found that the minimum wage had lost 21% of its value since the last hike in July of 2009. That means workers making the federal minimum effectively earned 21% less than they did 12 years prior — and 34% less than they did in 1968, after adjusting for inflation.

Source: Forbes January 04, 2022 11:07 UTC