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The minimum wage in the United States is no longer a living wage. At $7.25, the federal minimum hasnât kept up with the cost of living since the late 60s, and thereâs a growing movement among workers, policy analysts, state and city governments â and even some employers â to raise it.
And $7.25 an hour in any case is not anywhere close to a living wage. The truth is, $9 an hour isn't either. Had the minimum wage been indexed since the 1960s, as now proposed, the minimum wage would be more than $10 an hour.exans stand to be among the biggest winners in President Barack Obama 's drive to increase the minimum wage from $7.25 per hour to $9 and to peg the wage thereafter to inflation.