TIL Minimum wage has only increased by $7.00 in 85 years in the USA.

https://reddthat.com/post/4658047

TIL Minimum wage has only increased by $7.00 in 85 years in the USA. - Reddthat

Upon inception it was set at $0.25. It is now $7.25.

inflation-adusted, the federal minimum wage peaked way tf back in february 1968 at $1.60 an hour (equal to $13.46 in '2022 dollars').
Minimum wage in the United States - Wikipedia

Might as well use the latest numbers for this comparison. Yes, inflation is still absolutely sucking us all dry.

This is if you actually believe CPI is a legitimate measure, despite the cost of all the big ticket expenses like housing, education, and healthcare all increasing 5x or more above inflation.
Thatโ€™s why theyโ€™re conveniently not part of the inflation equation.
Thatโ€™s true, though I canโ€™t say for the US, in the UK, inflation is still ridiculously calculated. about it, because staples like pasta and rice werenโ€™t included, but champagne was.