Tuesday 31 December 2019
The federal minimum wage hasn’t increased in a decade, but the prices of everything else has
<p>As 2019 comes to a close, the federal minimum wage is $7.25 per hour—the exact same it was at the end of 2009.</p><br /><p>The federal minimum wage was raised to $7.25 per hour on July 24, 2009, an increase from $6.55 per hour—a rate set in July of 2008, which was itself an increase from $5.85 per hour set in 2007. Yes, the minimum wage increased two years in a row as part of the Fair Minimum Wage Act before staying stagnant for more than 10 years. But the cost of living didn’t stay stagnant in that same amount of time. The Fight for $15 movement has been advocating for a raise in the wage for years, and now several candidates in the Democratic primary are proposing an increase to $15 per hour nationally. Here’s a look at a few things that have seen price increases while the federal minimum wage stayed the same.</p><p>Read Full Story</p><div class="feedflare"><br /> <br /></div>
from The Internet Marketing News | Published News https://ift.tt/37mjJkw
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment