US President Barack Obama has backed a Senate effort to do just that. Meanwhile, minimum wage in 13 states will go up starting on Jan. 1. But, for now, federal minimum wage stands at $7.25 an hour.
It may not sound so low, but it is. If an employee works full time at the current minimum wage, that worker’s annual salary would be about $15,000. That falls below the poverty line for any family of more than one.