The last time the U.S. raised the federal minimum wage, Apple’s Siri hadn’t even been invented yet.
July marked the 17th full year in which the federal minimum wage has remained at $7.25, the think tank Center for Economic and Policy Research (CEPR) noted in a recent post. Apple would introduce its AI iPhone bot two years after the current wage was set. The base pay staying the same as inflation continues to rise means today’s wage floor is at its lowest value in 70 years, with a purchasing power lower than its 1968 peak.
