What a wonderful world that would be.... The Bureau of Labor Statistics has revealed what the minimum wage would be like if it were to keep up with rising inflation. If the minimum wage is ...

That is, it shows the federal minimum wage over the past several decades after being adjusted for inflation to June 2022 dollars using the Consumer Price Index. Related stories Based on the chart ...

Data: U.S. Department of Labor and Ohio Department of Commerce; Chart: Axios Visuals ... State of play: Each year, the state minimum wage increases by the rate of inflation — this time from ...

The federal minimum wage was last increased in 2009, when it rose to its current level of $7.25 per hour. When adjusted for inflation, the high-water mark for minimum wage occurred in 1968 ...

"There's quite a few states across the country that will be seeing quite big jumps in the minimum wage because of the higher rate of inflation this past year," said Deirdre Kennedy, senior payroll ...

Since 2009, we’ve seen economic boom and bust, a global pandemic, and sky-high inflation, but through it all the federal minimum wage has held steady at $7.25. That’s still the minimum pay per ...

In today's Chart of the Day, Yahoo Finance host Julie Hyman explores this wage growth pattern, the factors shaping it, and what it means for consumer spending in relation to inflation. To watch ...

Factoring in the latest inflation data, the current value of the U.S. minimum wage in real dollars is at its lowest level since February 1956, when the base U.S. wage was 75 cents (or $7.19 in ...

The Federal Reserve on Wednesday raised interest rates the sixth time this year in its bid to get inflation under ... increase along with wage increases. (Economists chart this as the marginal ...

A recent Economic Policy Institute (EPI) analysis found that after adjusting for inflation, the current federal minimum wage of $7.25 an hour is now worth less than at any point since 1956.

Talks on raising minimum wage to begin on Dec ... Economists say inflation may increase by 4-5% month-on-month in January, based on central bank graphs and their own estimates.