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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.
There is no such thing. There are market wages and nothing else on earth exists. So if the government decides that a living wage is $25/hour, the government can not force people to pay $25/hour. If you get paid $3/day and each day you buy 1 pack of gum, 1 pizza and 1 ice cream for a $1 each. One day the cost of each rises to a $1.50 for each because of living wages.