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Minimum wage in 1938: 25¢/hour.
Minimum wage in 2024: $7.25/hour.
In 86 years the US federal minimum wage has gone up seven dollars.
14 2 ReplyInflation adjusted, that's $5.54 vs $7.25. That's a 30% increase, on top of triple or quadruple digit increases in every expense...
14 0 ReplyWhat is even crazier is that while the minimum is not tied to inflation the amount one may donate to political parties is tied to inflation.
Huh.
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