The Pomp Letter
The Pomp Letter
Inflation, Minimum Wage, and Free Markets
0:00
-3:31

Paid episode

The full episode is only available to paid subscribers of The Pomp Letter

Inflation, Minimum Wage, and Free Markets

7

To investors,

The federal minimum wage in the United States has been set at $7.25 since 2009. It has not changed even though the official inflation metric has increased significantly over the last 13 years. If you bought $100 worth of goods or services in 2009, you would now need nearly $140 to purchase the same goods or services.

This change in purchasin…

This post is for paid subscribers

The Pomp Letter
The Pomp Letter
Pomp's daily newsletter analyzing the business, finance, and technology industries. Join 255,000 subscribers by signing up below.