Center for Economic & Policy Research: Federal Minimum Wage Stagnates at $7.25 on Its 15th Anniversary
July 11, 2024
July 11, 2024
WASHINGTON, July 11 (TNSres) -- The Center for Economic and Policy Research issued the following news release:
There is one thing that has remained inflation-free for 15 years. Since July 24, 2009, the federal minimum wage has not budged from $7.25. That is the most stagnant federal minimum wage since its inception in 1938.
As Sylvia Allegretto's analysis (https://cepr.net/minimum-wage/) shows, today's minimum wage is worth 29 percent less than when it was last increas . . .
There is one thing that has remained inflation-free for 15 years. Since July 24, 2009, the federal minimum wage has not budged from $7.25. That is the most stagnant federal minimum wage since its inception in 1938.
As Sylvia Allegretto's analysis (https://cepr.net/minimum-wage/) shows, today's minimum wage is worth 29 percent less than when it was last increas . . .