Why the federal minimum wage stayed frozen

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Compared to other countries, the U.S. has had a low level of inflation since 1983. The only years that the inflation rate was over 4% for consecutive years 1988-1991. From 1987 to 1992 the CPI went from 113.6 to 140.3. In that time period, the federal minimum wage stayed frozen at $5.15 per hour.

Reference no: EM13238399

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