The minimum wage peaked in 1968 at $8.54 per hour, after adjusting for inflation. The current $7.25 is far too low for the 3 million hourly workers who earn at or below that threshold, and certainly not at par with the wage hikes instituted by other countries with similar economic trajectories.Here’s The Economist on America’s embarrassingly low minimum wage:

Source: Mapping the Gap Between Minimum Wage and Cost of Living in U.S. Counties and Cities – CityLab