We have yet another attempt to raise the Federal minimum wage, this in the Raise the Wage Act 2017. Because as we've allowed the minimum wage to fall further away from median wages we've seen wage dispersion. Back in 1979, the first year we collected this number, some 13% of the workforce got minimum wage. That is, the number of people--more accurately the portion of the workforce--who get the minimum wage has declined greatly. And we would be deeply unsurprised if a significant rise in the minimum wage simply led back to that wage compression.

Source: Forbes April 26, 2017 15:00 UTC