Mark Cuban calls for higher minimum wage as federal rate remains frozen at $7.25 for 17 years
The article discusses the prolonged freeze of the federal minimum wage at $7.25/hour since 2009 — the longest period without an increase in history. It highlights Mark Cuban's strong stance on X (June 6) arguing that the minimum wage needs to be significantly higher, and explores the broader economic and political debate around minimum wage policy, including its impact on workers, employers, and the economy.
Key quotes
The federal minimum wage has been $7.25 an hour since July 2009. That is 17 years without a single increase, the longest freeze in the history of the Fair Labor Standards Act.
Mark Cuban went on X on June 6 and said the number needs to be a lot higher.
A full-time worker earning that rate takes home $15,080 a year, less than a third of the average American salary of around $60,000.
From the article
The federal minimum wage has been $7.25 an hour since July 2009.
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