The average S&P 500 CEO makes $18.3 million a year, but the minimum wage hasn’t changed since 2009. It’s time for companies to pay up.
By: Paul Constant – July 28, 2022
Last Sunday marked the 13th anniversary of the day that the federal minimum wage increased to $7.25, where it’s remained today. This is by far the longest period without a federal minimum-wage increase since the wage was established in 1938.
And because that number has stayed stuck while prices keep rising, the Economic Policy Institute warned that the federal minimum wage now has less actual spending power than at any point in the last 66 years. (Read more)