4 days ago · The minimum wage’s purchasing power peaked in 1968, according to the Economic Policy Institute. In today’s dollars, that 1968 minimum wage would equal approximately $12 to …

In his book Basic Economics, he stated that "Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the …

An imposition or increase of a minimum wage will generally only affect employment in the low-skill labor market, as the equilibrium wage is already at or below the minimum wage, whereas in …

Jul 30, 2025 · The minimum wage, which emerged in 1938 as part of the Fair Labor Standards Act, has always been controversial — who should get it, who shouldn't, and how much it …

The iron law of wages is a proposed law of economics that asserts that real wages always tend, in the long run, toward the minimum wage necessary to sustain the life of the worker.

Apr 2, 2024 · It's been more than a dozen years since the last federal minimum-wage increase, the longest stretch in history that America's lowest wage earners have been forced to endure …

Following a study of the minimum wage laws in Australia and New Zealand the Liberal Party acted to set up a minimum wage in the most heavily sweated or underpaid industries, as part of a …

Oct 24, 2025 · The U.S. minimum wage has been frozen since 2009, leaving today’s workers with significantly less buying power than past generations once had.