The minimum wage would be $61.75 an hour if it rose at the same pace as Wall Street bonuses
Inflation continues to rise while the federal minimum wage of $7.25 has remained the same since 2009.
The federal minimum wage in the United States has not risen since 2009. It was set at $7.25 an hour that year, and remains so today in 2022. Wall Street bonuses, on the other hand, have risen steadily. And now a report from Inequality.org shows that if the federal minimum wage rate increased at the rate of the bonuses traders get, the starting wage for Americans would be set at $61.75.