By Veronica Harnish on March 8, 2016:
Thirty-seven years (and counting) of wage stagnation and decline compounds the problem significantly. The federal minimum wage of $7.25 per hour has not been raised since 2009. Had it risen in connection with productivity over the past four decades, the minimum wage would be more than $18 per hour today. Gains in productivity were previously tied to increased wages, but now those gains go to CEOs and shareholders instead. Combined with horrible trade agreements unfavorable to workers such as NAFTA, weakened labor unions, global competition, and a high cost of living that has far outpaced wages, people are left struggling to make ends meet.” Read more.