Federal Minimum Wage at 70-Year Low, Officially Declared a 'Poverty Wage'

20 July 2026 at 3:16 pmHyperFast News

#minimum wage #federal minimum wage #poverty wage #inflation #wage growth #economic policy #CEPR #California minimum wage

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Summary

The federal minimum wage, unchanged at $7.25 since 2009, has reached its lowest purchasing power in 70 years, now officially considered a poverty wage, sparking renewed debate amid rising inflation and calls for increases.

Federal Minimum Wage at 70-Year Low, Officially Declared a 'Poverty Wage'

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