In 2009, it increased to $7.25 per hour and remained at this level for more than 12 years. In the past two years, 27 states and a number of cities passed legislation raising the minimum wage in those ...

A $15 minimum wage is less of a concern in 2021 than it was in 2011 because most national companies have already raised workers' wages, either voluntarily or due to state or local legislation.

A survey from CNBC found that a majority of small businesses can absorb the rise in labor costs resulting from increases in state and local minimum wages in January 2021. 19 A growing number of ...

Target inflation is 2%, and under this scenario, a federal minimum wage of $15 in 2025 is the same as about $13.86 in 2021. "I think that under all current forecasts of how inflation is going to ...

Almost one-third of those households have an annual family income below $35,000. If the federal minimum wage were raised, children in every state would see an increase in their household’s income.