Data: Economic Policy Institute, Shift Project; Chart: Jacque Schrag/Axios
Despite a recent flurry of wage hike announcements from some big chains — and what you might have heard about a labor shortage driving up wages — the majority of workers at the nation’s largest companies still earn less than $15 an hour.
Why it matters: Since 2012, activists have fought to raise the federal minimum wage to $15, with only limited success. Inflation is eroding that number.
