A minimum wage frozen in nominal terms loses real value to inflation

Evidence

When the raw value of the minimum wage is maintained over time, its real value decreases. If the 7.25 hourly federal minimum wage had kept pace with inflation, the minimum wage in 2025 would be nearly 11 per hour. — Nathan Kelly and Jana Morgan, How US Policymaking Institutions…, 158

Categorization

• CANDY: The 7.25 vs. nearly 11 gap is a crisp, tweetable illustration of inflation erosion.