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A new CNBC analysis of cost-of-living data from Massachusetts Institute of Technology researchers looks at how a $15 minimum wage stacks up against a living wage.
For families with two children and two parents working at the minimum wage, current minimums in every state are below a living wage, and even the proposed increase to $15 an hour may still fall short for those families. As CNBC reports: “A $15 minimum wage would push a number of states closer to a living wage, but none would meet or exceed it.”
That data doesn’t take into account details ⇒
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