🎧 THE AUDIT: The Climate Change Misinformation Machine (w/ Naomi Klein)

MIDDAY POSTER: The Fed’s New Warning About Today’s Minimum Wage

Feb 23, 2021 Walker Bragman
Also: Biden opens a detention camp for migrant children, Big Gas tries to quash green energy efforts, and OMB director nominee Neera Tanden is on the ropes.
MIDDAY POSTER: The Fed’s New Warning About Today’s Minimum Wage
Photo credit: Andrew Harnik/Getty Images

According to data from the U.S. Bureau of Labor Statistics and the U.S. Department of Labor compiled by the St. Louis Federal Reserve, the minimum wage is worth less today than it has ever been, compared to the average wage being earned by U.S. workers. According to the Organisation for Economic Co-operation and Development (OECD), the U.S. minimum wage also lags behind that of the rest of the developed world. If it were raised to $15, it would rank third, behind Turkey and Chile.


• The Biden administration opens a detention camp for children that immigration activists call “a huge step backward.”

• The gas lobby is trying to use preemption laws to keep local governments from banning natural gas infrastructure.

• After one nasty tweet too many, Center for American Progress chief Neera Tanden appears unlikely to have the votes to become Biden’s director of the Office of Management and Budget.

Click here to read more…

This is an excerpt of our Midday Poster — which is exclusive for Daily Poster supporting subscribers. If you’d like to read the full report — which includes much more — click here to become an $8-a-month or $70-a-year supporting subscriber. When you become a supporting subscriber, you get this kind of exclusive content, you get access to our live events and you are helping us hire more journalists.

Only paid subscribers can comment. Please subscribe or sign in to join the conversation.