What Will a Higher Minimum Wage Buy?
I thought these were some interesting numbers given by the office of Senator Ted Kennedy (D-MA) when discussing the real difference that the expected increase in the minimum wage under a Democratic Congress will mean for low-income Americans. Raising the minimum wage to $7.25 an hour will mean an additional $4,400 a year to minimum wage earners and their families.According to Senator Kennedy's office, this would be enough money for a low-income family of three to buy:
- 15 months of groceries
- 19 months of utilities
- 8 months of rent
- Over two years of health care
- 20 months of child care
- 30 months of college tuition at a public, 2 year college















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