The Declining Value of the U.S. Federal Minimum WageThe Declining Value of the U.S. Federal Minimum Wage
This graphic illustrates the history of the U.S. federal minimum wage using data compiled by Statista, in both nominal and real (inflation-adjusted) terms. The federal minimum wage was raised to $7.25 per hour in July 2009, where it has remained ever since.
That's around 17 years from there, and they are yet to revise it! What they think? Why do they publish inflation reports every now and then?
Those are good questions, but I'm afraid I don't have the answers.
No problem mate. I know the answer. There are just hypocrites in politics.
Now that's a real stagnation