'No Excuse' to Keep Federal Minimum at $7.25, Experts Say as 21 States Hike Wages

their minimum wages on the first day of 2022, raises that called additional attention to the fact that the federal wage floor remains at $7.25 an hour—where it has been stuck for more than a decade.

"The average worker, when adjusting for inflation, is making $44 a week LESS today than they made in the 1970s."published Thursday, David Cooper, Krista Faries, and Sebastian Martinez Hickey of the Economic Policy Institute observed that the January 1 wage hikes in 21 states"range from a $0.22 inflation adjustment in Michigan to a $1.50 per hour raise in Virginia, the equivalent of an annual increase ranging from $458 to $3,120 for a full-time, full-year minimum wage worker.

"The January 1 increases in 11 states—California, Delaware, Illinois, Maryland, Massachusetts, Michigan, New Jersey, New Mexico, Rhode Island, Vermont, and Virginia—are the result of legislation passed by state lawmakers to raise their state's wage floors," the EPI experts wrote."In nine states, the changes are the result of automatic annual inflation adjustments."

Other states are slated to raise their wages later in the new year. According to the National Employment Law Project, a81 U.S. jurisdictions will increase their minimum wages in 2022, and voters in several states could have the chance to vote on wage-related ballot initiatives during the midterms—a testament to the growing momentum of the worker-led Fight for $15 movement.

While data-collecting challenges stemming from the pandemic have made it difficult to estimate how many workers will benefit from the raises that took effect on January 1, the EPI researchers stressed in their new analysis that"minimum wage increases are

SenSanders And that's just inflation. Add in the prices of all needed things such as housing...we're probably running a 45% deficit of financial power compared to decades ago. We're going to collapse. 40 years of pure capitalism and corruption the across board. 2026 = 250 years...bye-bye

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