16 years with minimum wage falling further behind the cost of living
When the minimum wage does not go up, it goes down in buying power. The federal minimum wage has been stuck at $7.25 per hour since July 24, 2009. For full-time workers that amounts to $15,080 if you are paid for 40 hours a week, 52 weeks a year. The minimum wage is falling further and further behind the rising cost of living. The federal minimum wage peaked in buying power way back in 1968, when it was worth $15.09 in 2025 dollars, according to the U.S. Bureau of Labor Statistics Inflation Calculator. Too little, too late minimum wage increases are the next best thing to eliminating ...