MINIMUM WAGE WORKERS: BETTER EDUCATED, WORSE COMPENSATED

This Friday, the federal minimum wage will increase from $6.55 to $7.25, the third and final step in the minimum wage increase Congress authorized in 2007. With this final step, an estimated 4.5 million of America’s lowest paid workers will receive a raise, but this increase still leaves the real value of the minimum wage lower than it was 30 years ago. continue reading