"US Federal Minimum Wage: Past Increases and Future Prospects"

TL;DR Summary
The federal minimum wage in the US has remained at $7.25 an hour since 2009, the longest period without an increase since its creation. The last attempt to raise it to $15 an hour was dropped due to Senate negotiations. A group of Democrat Senators has proposed legislation to raise it to $17 by 2028, but its progress is uncertain with a Republican-controlled House of Representatives. States without a minimum wage or with a matching wage would be most affected by any increase. Research shows that workers in these states are 46% more likely to earn less than $15 an hour compared to the rest of the country.
Topics:business#economic-policy-institute#federal-minimum-wage#income-inequality#labor-rights#legislation#workers-rights
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