So for those who don't know, the last time the federal minimum wage was raised was in 2009. It started in 2007 and ended in 2009 and took us from $5.15 to $7.25. 2 years to get $2, The CPI went from 202.416 to 211.143
that means something costing $2.02 in 07 costs $2.11 in 09, an increase of only ten cents yet we got a $2 minimum wage raise.
Now fast forward and it's been 6 years. The CPI has raised to 233.707 from 211.143 that's a 22 cent increase and we get nothing? By previous example we should get at least $4.
All numbers from the month of January on the chart from
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that means something costing $2.02 in 07 costs $2.11 in 09, an increase of only ten cents yet we got a $2 minimum wage raise.
Now fast forward and it's been 6 years. The CPI has raised to 233.707 from 211.143 that's a 22 cent increase and we get nothing? By previous example we should get at least $4.
All numbers from the month of January on the chart from
You must be registered for see links