This question is about minimum wage statistics.

What are the statistics on minimum wage 2022?

By Zippia Team - Mar. 27, 2023

2022 minimum wage statistics focus on how inflation has affected federal minimum wage since 2009. 2009 was the last time the federal minimum wage was raised to $7.25/hour. Since then the purchasing power of that wage has decreased by 37.4%. This is because due to inflation, $7.25 in December 2009 would be the same as $9.96 in December 2022.

What are the statistics on minimum wage 2022?

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