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It's been 3 years since the federal minimum wage was increased
In a country that was committed to its citizens, minimum wage would have always been indexed to inflation.
It's been 3 years since the federal minimum wage was increased to $7.25, with no inflation indexing. If it had been indexed to the CPI it'd be up to $7.78 now. Annually, working 40 hrs./week and 50 weeks per year, that's the difference between $14,500 and $15,560.
http://www.eschatonblog.com/2012/05/has-it-been-3-years-already.html
http://www.eschatonblog.com/2012/05/has-it-been-3-years-already.html
