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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.
Brennan said his proposal is not finalized, but may call for the city to move its minimum wage from the state-mandated $7.50 an hour to $9.50 an hour in January 2015. In 2016, according to the latest plan, the minimum would increase to $10.10 an hour, followed by a third increase in 2017, he said.