Federal wage floor of $7.25 an hour hasn't risen since July 24, 2009, in the depths of the Great Recession.
As Americans grapple with the stiffest inflation in 40 years, many workers may ponder another milestone today: It's been exactly 13 years since the last time the U.S. raised the federal minimum wage.
That's the longest time the baseline wage has stayed flat since the nation first implemented a minimum wage during the Great Depression. "Today is a sad anniversary in the United States," the Patriotic Millionaires, a group in favor of progressive taxes, said in a statement."Lawmakers have turned their backs on America's tens of millions of low-wage workers and revealed themselves to be beholden to the short-sighted interests of some of their ultra-rich donors."
Since 2009, when the federal minimum rose to $7.25 an hour, it's lost more than one-fourth of its purchasing power. When factoring in inflation, today's minimum wage hasn't been worth this little"Since 2009, workers have endured the Great Recession, a worldwide pandemic, historic inflation and massive changes in the cost of living," the Patriotic Millionaires said, calling the $7.25 hourly wage"deplorable.
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