Investopedia: Can A Family Survive On The U.S. Minimum Wage?
By Basia Hellwig
Investopedia, Feb 26, 2015
Last week, Walmart (WMT), the largest private employer in the United States, announced that half a million of its workers would get a pay bump to at least $9 an hour by April (2015) and at least $10 by next February (2016). That’s good news for Walmart employees, but also is likely to have a ripple effect for many more at other large employers of low-wage workers. One might ask, what took so long? ...
The federal minimum wage has been $7.25, or $15,080 a year, since 2009...