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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.
Proponents of raising the minimum wage note that a full-time job (40 hours/week X 52 weeks per year) that pays minimum wage will pay $15,080 per year â hardly a living wage. Even at a minimum wage of $8.25, people earning minimum wage will only make $17,160.