Article: CBPP: Federal Minimum Wage Remains Unchanged for Eighth Straight Year, Falls to 56-Year Low Relative to the Average Wage

WASHINGTON, Sept. 1 /U.S. Newswire/ -- Following is the latest New Analysis from the Center on Budget and Policy Priorities:

Unhappy Anniversary: Federal Minimum Wage Remains Unchanged for Eighth Straight Year, Falls to 56-Year Low Relative to the Average Wage

By Jared Bernstein and Isaac Shapiro (1)

September 1, 2005 marks an unhappy anniversary for minimum-wage workers. The federal minimum wage has remained at $5.15 an hour since September 1, 1997. So for eight straight years the value of the minimum wage has eroded due to the effects of inflation, and the wage standard has fallen further behind the wages of other workers.

The minimum wage now equals only 32 percent of the average ...

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