AIFortuneabout 18 hours ago
Federal minimum wage hits 70-year low
4 min read
The federal minimum wage has remained at $7.25 for 17 years, its lowest purchasing power in 70 years. The Center for Economic and Policy Research declared the wage floor a poverty wage, as a full-time job at that rate falls below the $15,650 poverty threshold. Thirty states and Washington, D.C. have higher minimum wages.
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