Twenty-three U.S. states are on the verge of implementing a $15 an hour minimum wage.
Historically high inflation growth has been surpassing wage gains over the past year, leaving millions of American workers struggling to pay their bills.
The price of goods is now at a 40-year historical high, while mortgage rates are twice what they were in 2021, as the Federal Reserve increases the borrowing rate to control rising prices.
The Consumer Price Index (CPI) hit a historic high of 9.1 percent in June before slowing to 7.1 percent in November.
Until last spring, annual inflation growth rose at an average of 1 to 2 percent for the most part since 2010, when it started to rise dramatically after the country gradually reopened, as the lockdowns were eased….