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GOBankingRates

Laura Beck

How Much Money Would Workers Have If the Minimum Wage Kept Up With Inflation?

Minimum Wage Inflation the Economic Policy Institute

SrdjanPav / iStock.com

The federal minimum wage sits at $7.25 per hour, unchanged since July 24, 2009. If you work full time at that rate (40 hours weekly for 52 weeks), you earn $15,080 annually before taxes.

Be Aware: 10 Things the Middle Class Won’t Be Able To Afford in Less Than a Decade

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