The more things change, the more the minimum wage stays the same.
At $7.25 per hour, to be exact.
Lawmakers set a new record Sunday by leaving the federal minimum wage untouched since July 24, 2009 , the first year of former President Barack Obama s first term. The rate hasnt been increased from $7.25 in a whopping 3,615 days, making it the longest dry spell since the federal minimum wage was enacted under President Franklin Delano Roosevelt in 1938.
That surpasses a previous milestone set between 1997 and 2007, when then-President George W. Bush signed minimum wage legislation. Obama, stymied by Republicans on Capitol Hill, became the first president since Ronald Reagan to not put a pen to a minimum wage bill throughout his tenure.
Even though the federal wage floor has remained the same, its purchasing power has fallen since 2009 due to the rising cost of living.