The American Prospect: The Perils of $7.25

A federal minimum-wage increase is the clearest and most effective way to raise pay for millions of low-wage workers. As a recent EPI report states, a $15 federal minimum wage by 2024 would restore its lost value and by 2019 would be worth more than the historic inflation-adjusted high point of 1968. An estimated 22.5 million workers would see an increase in pay.

Read the full article in The American Prospect.