The federal minimum wage is $7.25 per hour, the same as it’s been for the past decade. Many states don’t believe that’s enough to live on, so they’ve raised their own minimum wages. For Congress, though, the issue has been political dynamite (well, at least a cherry bomb). A careful consideration of the evidence shows there’s a strong case for a much higher minimum wage. Notably, the possibility that companies would respond to a higher minimum by cutting employment has been vastly over-stated (though, not to be ignored). Today, I added my name to a petition to support the Raise the Wage Act — a bill would raise the minimum wage to $15 an hour over time — in the U.S. Senate.