While the cost of living in the U.S. increases year after year, wages have struggled to keep up — and workers may be reaching a breaking point.
The federal minimum wage has remained at $7.25 per hour for over a decade, making it an unlivable wage in a country where the average American pays around $1,300 per month on rent alone. Even the District of Columbia, which has the highest minimum wage in the U.S. at $16.50 per hour, has not kept up. According to finance resource SoFi, the average money needed for rent, utilities and food would swallow a minimum wage worker’s monthly pay.
