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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&#x2014;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&#x2014;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&#x2019;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&#x2019;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>

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