Lawmakers set a new record Sunday by leaving the federal minimum wage untouched since July 24, 2009, the first year of former President Barack Obama’s first term.
Lawmakers set a new record Sunday by leaving the federal minimum wage untouched since July 24, 2009, the first year of former President Barack Obama’s first term. The rate hasn’t been increased from $7.25 in a whopping 3,615 days, making it the longest dry spell since the federal minimum wage was enacted under President Franklin Delano Roosevelt in 1938.
Even though the federal wage floor has remained the same, its purchasing power has fallen since 2009 due to the rising cost of living. The federal minimum wage prevails in any state that doesn’t mandate a higher one. While Congress and the White House have left it alone for nearly a decade, more and more states have opted to hike their rates on their own, either through legislation or the ballot box. Now a majority of states have a higher wage floor than $7.25, with some now on a trajectory to $15.
There’s no mystery as to why the federal minimum wage hasn’t gone up in nearly a decade: in recent years Republicans have controlled either the House, the Senate or the White House, or all three. Democrats had full control of the government at the start of Obama’s first term, but the increases approved under Bush had just been phased in ― and the economy was in the tank ― so most Democrats chose not to pursue one.
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