Add Yahoo as a preferred source to see more of our stories on Google. Fifteen years. That's how long the federal minimum wage in the U.S. has been frozen at $7.25 an hour. That works out to just over ...

Back in 1938, the Fair Labor Standards Act led to the first minimum wage of $0.25 per hour. Over time, the federal minimum wage has obviously increased, but it hasn't always kept pace with inflation.