A recent Economic Policy Institute analysis of the Consumer Price Index confirmed what many individuals and families across the country have felt of late: a dollar just won't stretch as far as it used to. The analysis states: "The value of the federal minimum wage has reached its lowest point in 66 years" and "the current federal minimum wage of $7.25 per hour is now worth less than at any point since February 1956," when the minimum wage was "75 cents per hour, or $7.19 in June 2022 dollars."
Consider this: July 2021 marked the longest continuous period without a minimum wage increase since the minimum wage was established. The current $7.25 minimum wage is now worth 27.4% less (when adjusted for inflation) than it was when the wage was set to that rate in July 2009. It is worth 40.2% less than the value of the federal minimum wage at its historic high, when it peaked in February 1968. The Biden Administration has made increasing the minimum wage a priority. Stay tuned to these updates for developments on that front.
As these updates have reflected, union activity has seen accelerated growth and public approval, particularly in recent months. This information is borne out by the National Labor Relations Board's Office of Public Affairs bulletin, circulated on July 13, 2021, which announces...
On Friday, April 10, 2026, the U.S. Department of Justice (DOJ) announced that International Business Machines Corporation (IBM) has agreed to pay just over $17 million to resolve allegations that ...