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The U.S. just set a new record for the longest time without a federal minimum wage increase

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Nine years, 10 months, three weeks, and three days. That’s exactly how long, as of June 16, it’s been since the federal minimum wage last budged. It’s a new record for the amount of time the minimum wage has been stagnant, edging out the last dry spell, which lasted from September 1997 to July 2007.

When the federal minimum wage was last raised in 2009, it went up to its current threshold of $7.25 an hour (adjusted for inflation, it’s now worth less than it was in 1950). In contrast, 29 states have now enacted minimum wages higher than the federal mandate: These moves range from New........

© Fast Company