How High Could the Minimum Wage Go?

Jeanette Wicks-Lim @ Dollars & Sense - The minimum wage needs a jolt—not just the usual fine-tuning—if it’s ever going to serve as a living wage. Annual full-time earnings at today’s $7.25 federal minimum wage are about $15,000 per year. This doesn’t come anywhere near providing a decent living standard by any reasonable definition, for any household...read more.