• Verdant Banana@lemmy.world
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    5 months ago

    In the United States, the minimum wage is set by U.S. labor law and a range of state and local laws.[4] The first federal minimum wage was instituted in the National Industrial Recovery Act of 1933, signed into law by President Franklin D. Roosevelt, but later found to be unconstitutional.[5] In 1938, the Fair Labor Standards Act established it at 25¢ an hour ($5.41 in 2023).[6] Its purchasing power peaked in 1968, at $1.60 ($14.00 in 2023)[6][7][8] In 2009, it was increased to $7.25 per hour, and has not been increased since.[9]

    https://en.wikipedia.org/wiki/Minimum_wage_in_the_United_States

    if people are unable to afford things the economy is not good and neither Trump nor Biden in their four years did anything to help the citizens notably minimum wage