Tag Archives | Federal Minimum Wage

The value of the federal minimum wage is at its lowest point in 66 years

Originally published: Economic Policy Institute (EPI) on July 14, 2022 by David Cooper, Sebastian Martinez Hickey, and Ben Zipperer (more by Economic Policy Institute (EPI)) | (Posted Jul 29, 2022)

The value of the federal minimum wage has reached its lowest point in 66 years, according to an EPI analysis of recently released Consumer Price Index (CPI) data.
It’s past time for a $15 federal minimum wage

Originally published: Reports from the Economic Front on April 22, 2022 (more by Reports from the Economic Front)

President Biden’s 2022 State of the Union Address included a call for a $15 federal minimum wage. According to an Economic Policy Institute study, a phased increase to a $15 federal minimum wage by 2025 would raise the earnings of 32 million workers—21% of the workforce, no small thing.