For those who think the minimum wage is too high, think again.
From HuffPo...
The federal minimum wage of $7.25 is worth $2 less today than it was in 1968 when adjusted for inflation. That's one of the findings in a June study by the non-partisan Economic Policy Institute.
Today, the minimum wage, which hasn't increased since 2009, falls short of a living wage. According to the EPI study, a full-time worker would need to earn $11.06 an hour in 2011 to keep a family of four out of poverty.
In February, President Barack Obama proposed raising the the federal minimum wage to $9 an hour. Republican lawmakers unanimously voted down a House proposal to raise the minimum wage in March.
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