Labor & Economic News Blog
Friday, September 08, 2006
Low-paid workers wage losing battle: As minimum standard remains stuck at $5.15 per hour, inflation takes bigger bite of buying power
Low-paid workers wage losing battle: As minimum standard remains stuck at $5.15 per hour, inflation takes bigger bite of buying powerSource: AJC.com
Try buying groceries or filling up the gas tank with a job that pays $5.15 an hour. Or saving for a college education. Those tasks have become more difficult each year for workers paid the federal minimum wage. The standard hasn't changed since Labor Day 1997, and affected workers are long overdue for a raise. They've seen inflation reduce the buying power of the federal minimum wage to just over $4.
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