Who says economic policy has to be wonkish and dry? Not John Schmitt, senior economist at the Center for Economic and Policy Research (CEPR). He gets right to the point in his new report, “The Minimum Wage Is Too Damn Low.”

The minimum wage was last increased—to $7.25 an hour—nearly three years ago. He writes that the minimum wage is now far below its historical level by all of the most commonly used benchmarks—inflation, average wages and productivity. If it kept pace with the Consumer Price Index, today’s minimum wage would be $10.52 an hour.

Click here for the full report.

In another recent report, CEPR showed that the costs of family health insurance and college tuition for minimum wage workers are incredibly out of reach. Click here.