$7.25 in 2009 is worth $10.62 today.
$4.95 in 2009 is worth $7.25 today.
In effect, the value of federal minimum wage has decreased by 31% in the last 15 years, since a dollar today only buys 69% of what it did in 2009, on average (as defined by the consumer price index)
$7.25 in 2009 is worth $10.62 today. $4.95 in 2009 is worth $7.25 today.
In effect, the value of federal minimum wage has decreased by 31% in the last 15 years, since a dollar today only buys 69% of what it did in 2009, on average (as defined by the consumer price index)
If you could buy 69 for a dollar Id know about it.