Is $15 an hour enough? Only for DINKs in these states, data shows
(NEXSTAR) — Since 2009, the federal minimum wage in the U.S. has been $7.25 an hour. A new bill introduced in the Senate hopes to raise it to $15 an hour next year, followed by incremental increases to reflect inflation.
In some states — including those that already have a minimum wage of $15 an hour or more — that rate isn’t enough to cover the average costs a resident may have, according to MIT’s Living Wage Calculator.
The calculator takes into account the basic needs a family of varying sizes may have, like food, housing, child care, and transportation, to determine how much a worker must earn hourly to be “self-sufficient.” Estimated living wages are available for all 50 states, their counties, and major metro areas.
A Nexstar analysis found that, based on MIT’s calculations, a $15 an hour rate isn’t enough for a single adult, working 40 hours a week every week, to cover their basic needs in any state. The closest is West Virginia, where an hourly wage of $19.43 would suffice.
It also wouldn’t be enough for a........
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