Two states, Washington, D.C., and 14 localities increased their own minimum wage on July 1, lifting wages for 361,000 workers.

Sen. Chris Murphy introduced legislation to raise the federal minimum wage to $25 per hour in phases. Details on Texas impact.

This matters because the federal minimum wage has been held at $7.25 per hour for 17 years.

Trina Paul is a Breaking News and Personal Finance Writer at Investopedia, covering topics like retirement, consumer debt, and retail investing. She focuses on making complex financial topics ...

Federal minimum wage is $7.25 per hour, unchanged since 2009. With inflation and productivity it would be near $25/hour today ...

This July marks 15 years since the federal minimum wage was last increased. Given the federal wage floor is not indexed to inflation, nor any other measure such as productivity growth, it’s been stuck ...

Millions of Americans in states that include Pennsylvania remain stuck at a wage floor unchanged since 2009, while childcare ...

The federal minimum wage hasn't increased in 15 years. But regardless of who gets elected President Tuesday night, the decision may ultimately rely on how congressional races shape up. Over the past ...

🔍 Read more: 7 key signs you'll be a millionaire one dayThe 17-year freeze on America's minimum wage The last time the federal minimum wage increased, Barack Obama had just taken office, the iPhone ...

The federal minimum wage is long overdue for an increase, economist David C. Datelle writes.