Newsweek Discovers Minimum Wage Might Eventually Affect Americans
Newsweek reports on cities raising minimum wage in 2026, a headline that carefully avoids the critical context. The federal minimum wage, stuck at $7.25 since 2009—a purchasing power low last seen in 1956—has been decimated by inflation. While corporate profits soar, CEOs awarded themselves 1,460% pay raises since 1978, according to the Economic Policy Institute. Real wages for typical workers
barely budged. We hail a map showing future wage hikes as if it's a generous boon, not a desperate attempt to catch up after corporations and their political allies engineered decades of wage suppression. One might wonder why these 'raises' are always years away, offering workers the 'promise' of a living wage that might still be inadequate three years from now. Perhaps it’s to give corporations
ample time to hike prices again. (Spoiler: They will.)