High inflation leads federal minimum wage to reach lowest value since 1956, report finds - CNBC

The federal minimum wage of $7.25 per hour has stayed the same since 2009. As inflation heats up, the value of that pay rate has declined to record lows.

An activist holds a placard demanding a $15 an hour minimum wage and tips for restaurant workers during a rally to call for additional relief for restaurants in Washington, D.C., on Feb. 8, 2022. Re… [+3032 chars]

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