CNBC: It’s been 12 years since the last federal minimum wage increase
By Lorie Konish
CNBC, July 16, 2021
The coronavirus crisis has cast new attention on wages and income.
It’s been 12 years since the last federal minimum wage increase, and whether a hike in minimum pay will get passed by Congress or not is still a question.
The federal minimum wage is currently $7.25 per hour. That pay raise was approved by Congress in 2007, which gradually kicked it up to the present number in 2009. ...
Meanwhile, states are stepping in to raise their minimum pay rates. However, none of them currently have...