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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.
1 You can earn wages up to the earnings limit of $14,640 with no reduced Social Security. 2  In 2012, any money you make over the earnings limit of $14,640 will reduce your Social Security payments.3  Every $2 you make over the limit reduces your Social Security payments by $1. 4  For 2013, that limit is $15,120. You can earn wages up to the earnings limit of $14,640 with no reduced Social Security. 2  In 2012, any money you make over the earnings limit of $14,640 will reduce your Social Security payments.