Federal minimum wage sets record with no increase since 2009
- Baseline wage has remained unchanged at $7.25 an hour
- Inflation has raised cost of living by 18% since last raise
The US federal minimum wage has gone a record length of time without an increase, with the $7.25-an-hour base, remaining unchanged for nearly a decade as of Sunday.
For minimum-wage workers who have a 40-hour work week, and work 52 weeks without having any unpaid time off, this equates to just $15,080 annually, according to a CNN calculation.