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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.
Minimum wage and national living wage. The national living wage and national minimum wage set minimum hourly rates that employers must legally pay workers in the UK. The governmentâs national living wage was introduced on 1 April 2016 for all working people aged 25 and over. The national minimum wage applies to workers under the age of 25.