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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.
Someone working full-time at the federal minimum earns an annual paycheck of just $15,080 â below the poverty line for even a family of two. For the minimum-wage earner with a family of four, a full-time paycheck falls almost $9,000 below the poverty line, which is $23,850. Even a $10.10/hour full-time job â an annual $21,008 â falls short. Pay is not the only problem with minimum wage jobs, either.