But $7.25 was more than the minimum wage in ’98, and that combo rose in price faster than CPI. This tweet implies that the federal minimum wage has effectively halved since 1998, when in fact it’s only down 11% in real terms.
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RT @banalplay
In '98 I worked at Wendys and made $7.25—the current federal min wage. A medium #6 combo after taxes came out to $4.45.
Today that same combo runs you over $9.00. So when you say doubling the mini…
https://twitter.com/banalplay/status/1350470788202291200
Raising the federal minimum wage to 1998 levels in real terms means raising it to $8.18, not $15.
