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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Australia's independent wage-setting body on Tuesday raised the national minimum wage by 3.5% effective July 1, a real wage ...

Voters approved minimum-wage increases for workers in Nebraska and Nevada, as well as for tipped workers in Washington D.C., on Tuesday, as many said that inflation was a top concern in exit polls.

More than 20 states continue to abide by the federal minimum wage. Still, the 2024 increases are a major victory for low-wage workers. They also help address inflation and rising consumer costs ...