Minimum Money

Because the national minimum wage has not been raised in 14 years, it is becoming increasingly irrelevant. In 2010, 1.8 million workers were earning exactly $7.25/hour and another 2.5 million were earning less, like tipped staff. In 2022, just 141,000 were earning the minimum wage and another 882,000 were earning less. It’s a combination of states raising their minimum wages and low-wage workers demanding higher wages after Covid.