The Minimum Wage Is Too Damn Low
Mar 19, 2012
Publisher(s): Center for Economic and Policy Research
Issue Area(s): Employment and Labor
It is coming up on three years since the last increase in the federal minimum wage -- to $7.25 per hour -- in July 2009. This issue brief looks at how by all of the most commonly used benchmarks -- inflation, average wages, and productivity -- the minimum wage is now far below its historical level.