- In a Hot Job Market, the Minimum Wage Becomes an Afterthought. The federal wage floor of $7.25 is increasingly irrelevant when even most teenagers are earning twice that. The red-hot labor market of the past two years has led to rapid pay increases, particularly in low-wage industries. https://www.nytimes.com/2023/08/23/business/economy/minimum-wage.html 47 comments economy
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