Guest column/Minimum wage falling further behind cost of living
When the minimum wage does not go up, it goes down in buying power. The federal minimum wage has been stuck at $7.25 per hour since July 24, 2009. For full-time workers that amounts to $15,080 if you are paid for 40 hours a week, 52 weeks a year. The minimum wage is falling further and further behind the rising cost of living. The federal minimum wage peaked in buying power way back in 1968, when it was worth $15.09 in 2025 dollars, according to the U.S. Bureau of Labor Statistics Inflation Calculator. Too little, too late — minimum wage increases are the next best thing to ...