70-year-low: Federal minimum wage nears rock bottomThe federal minimum wage of $7.25 has not increased for 15 years, leaving it significantly below the cost of living.Efforts to raise the federal minimum wage have continuously failed due to political factors and lack of sufficient support.
How 15 years of stagnant federal minimum wage affects hourly workersThe federal minimum wage has remained stagnant since 2009, affecting pay for millions of workers.