The current federal minimum wage was set at $7.25 in 2009. Adjusted for inflation it would be $10.31. That’s a loss of almost 30% when compared with inflation.
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Minimum Wage Should Be Adjusted Annually
The current federal minimum wage was set at $7.25 in 2009. Adjusted for inflation it would be $10.31. That’s a loss of almost 30% when compared with inflation.