The US minimum wage has been $7.25 since 2009. What that means for the economy – By Samantha Delouya (CNN) / Nov 11, 2023
Los Angeles (CNN)— Ken Rose, a restaurateur and chef in Sandy, Utah, said that though he has always paid his employees above his state’s minimum wage of $7.25 an hour, in the past few years, he’s had to bump employee pay higher than ever.
“For me, minimum wage is what you can hire an employee for,” Rose, who owns Tiburon Fine Dining, a contemporary American restaurant in Sandy told CNN. “$7.25 hasn’t been relevant for years.”
An ever-shrinking number of workers in the US are paid the federal minimum wage of $7.25 an hour – and a growing chorus of unions, economists and even employers agree it’s out of step with today’s economic reality.
CONTINUE > https://www.cnn.com/2023/11/11/business/federal-minimum-wage-us-impact/index.html
